Dominican Republic Reaches Record Export Levels

• President Luis Abinader announced that the Dominican Republic’s economic dynamism and export growth result from creating favourable conditions and fostering an export culture focused on education, innovation, and sustainability.
• Speaking at the Third Presidential Meeting on the Progress of the National Export Promotion Plan (PNFE) 2020–2030, he shared that exports rose 23.6% between 2020 and 2024, reaching US$63.3Bn, with a record US$13.87Bn in 2024 alone.
• Abinader highlighted that export momentum continues into 2025, with US$5.64Bn exported from January to May. This represented an 8.6% increase compared to the previous year. Growth spans traditional markets like the United States, which saw a US$436Bn increase, and emerging markets in Asia (such as Japan) and the Caribbean, including Cuba, Guyana, and the Turks and Caicos Islands. He emphasised that coordinated efforts are essential to sustain exports as a key driver of national development.
• Biviana Riveiro, executive director of ProDominicana¹, underscored steady export growth across strategic markets, including the U.S., U.K., Cuba, France, Jamaica, Guyana, Mexico, and Turkey.
• She highlighted significant increases in high-value goods exports since 2020, with medical instruments rising 74% and electrical products up 15%. Riveiro noted that industrial exports have surpassed US$2.9Bn and projected exports could reach US$35.0Bn by 2036.

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¹ProDominicana is the Dominican Republic’s official agency for promoting exports and attracting foreign investment to boost the country's economic development.

(Source: Dominican Today)