Dominican Republic-Malaysia trade reaches US$47.9 million in January-August 2024

Santo Domingo.- From January to August 2024, the Dominican Republic’s trade with Malaysia reached US$47.9 million, with 53.7% attributed to imports and 46.3% to exports. This data, released by ProDominicana, highlights a rise in trade driven by increased cocoa bean exports in 2023. Key exports included cocoa beans, copper scrap, and tobacco products, while imports consisted of copper wire, medical supplies, and postage stamps.

Between 2019 and 2023, trade totaled US$264.8 million, with imports dominating at 79.3%. The figures were presented at the ASEAN Investment Forum in Laos, where discussions centered on economic cooperation and the ASEAN Regional Investment Action Plan 2025-2030.

ProDominicana representatives, including Director of Investment Marcial Smester, also visited key Malaysian institutions such as the Malaysian Investment Development Authority (MIDA) and the Port Klang Free Trade Zone. These visits explored potential collaborations in sectors like ICT, artificial intelligence, and renewable energy, reinforcing the Dominican Republic’s focus on expanding its presence in Asia.