Dominican Republic reaches record export levels

Santo Domingo.- President Luis Abinader announced that the Dominican Republic’s economic dynamism and export growth result from creating favorable 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, held at the National Palace, he shared that exports rose 23.6% between 2020 and 2024, reaching US$63.3 billion, with a record US$13.87 billion in 2024 alone.

Abinader highlighted that export momentum continues into 2025, with US$5.64 billion exported from January to May—an 8.6% increase compared to the previous year. Growth spans traditional markets like the United States, which saw a US$436 million increase, and emerging markets in Asia (such as Japan) and the Caribbean, including Cuba, Guyana, and the Turks and Caicos Islands. He emphasized that coordinated efforts are essential to sustain exports as a key driver of national development.

Biviana Riveiro, executive director of ProDominicana, 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$2.9 billion and projected exports could reach US$35 billion by 2036.