Dominican Republic eyes regional market for export growth

The Caribbean, home to over 44 million people and known for its white-sand beaches and rich heritage from Spanish, French, and Dutch ancestors, is emerging as a key export destination for the Dominican Republic. This potential is underscored by data from the Dominican Republic’s Export and Investment Center (ProDominicana), which shows a trade exchange of US$ 9.12 billion with the Caribbean from 2019 to 2022. Notably, 2022 saw trade amounting to US$ 2,143 million.

Victor Bisonó, the Minister of Industry, Commerce, and MSMEs (MICM), emphasized the geographical proximity and agricultural development of the Dominican Republic as significant factors in exploring the Caribbean market. He pointed out the growth in exports, like fruit products, which increased from US$ 4.8 million in 2018 to US$ 17 million in 2022, with notable exports of avocado to Guyana and bananas to Turks and Caicos.


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