Dominican exports total US$11.954 billion through October

Santo Domingo.- Dominican exports totaled US$11.954 billion between January and October, marking a 10% increase compared to the same period last year, according to Minister of Industry, Commerce and MSMEs, Víctor Bisonó. He emphasized that this growth reflects a country that “dares, innovates, and turns perseverance into progress.” October also set a milestone, registering the highest export performance for that month in the past 13 years, with more than US$1.25 billion exported.

Bisonó highlighted the strong expansion of modern services exports, which reached US$2.289 billion last year, representing a 29% increase over 2023 and a 175% increase since 2019. This, he said, demonstrates that the Dominican Republic is not only a producer of goods but also a creator and exporter of talent, knowledge, and innovation.

He attributed these results to the government’s long-term vision of an open, globally connected economic policy focused on sustainable development. The minister noted that the country captures 30% of all foreign direct investment entering the Caribbean and Central America and expressed confidence that the Dominican Republic will reach a historic US$5 billion in foreign investment by the end of this year.