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The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income [13] developing country with important sectors including mining, tourism, manufacturing (medical devices, electrical equipment, pharmaceuticals, and chemicals), energy, real estate, infrastructure ...
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, The UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
Historically, the Caribbean's banana industry has been one of the biggest exports; however, agriculture is beginning to decline in the world economy. Now, it is the exportation of labor that is on the rise in the Caribbean. Caribbean women are migrating to developed countries for the opportunity to study particularly in nursing programs.
Location of the Dominican Republic. The Dominican Republic is a sovereign state occupying the eastern five-eighths of the island of Hispaniola, in the Greater Antilles archipelago in the Caribbean region. The country has the ninth-largest economy in Latin America and is the largest economy in the Caribbean and Central American region.
The Dominican Republic in Caricom? Yes, we can Archived 1 February 2014 at the Wayback Machine; Bureau recommends re-examination of Dominican Republic's proposed membership in CARICOM Archived 1 February 2014 at the Wayback Machine; Guyana Journal (2007–07): Advancing Integration Between Caricom and Central America
From January to August 2022, Dominican exports to Peru were valued at US$ 11.4 million in comparison to 2021, where they were valued at US$12.2 million. Peruvian imports were valued at US$69.6 million during this period and at US$117.9 in 2021. [10]
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Exports from the United States, including those from Puerto Rico and the U.S. Virgin Islands, to the Dominican Republic in 2005 totaled $5.3 billion, up 11% from the previous year. The Dominican Republic exported $4.5 billion to the United States in 2006, equaling some 75% of its export revenues.