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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 ...
With the addition of the Dominican Republic, the trade group's largest economy, the region covered by CAFTA-DR is the second-largest Latin American export market for U.S. producers, behind only Mexico, buying $29 billion (~$36.4 billion in 2023) of goods in 2015. Two-way trade amounted to about $50 billion in the same year.
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.
For instance, Venezuela is a key export market for Cuba, while Uzbekistan, being doubly-landlocked, primarily exports to its singly-landlocked neighbours, Tajikistan and Afghanistan. The largest import and export merchandise trade partners for most countries of the world are listed below.
The Italian Dominican Chamber of Commerce was organized to bolster trade relationships between both nations, particularly in exports and tourism. [4] In 2019, Italy exported US$338 million to Dominican Republic, with the largest export being jewelry. The DR in the same year exported US$64 million to Italy, the largest export being Ferroalloys.
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.
Map of countries by exports, 2023. The following article lists different countries and territories by their exports according to data from the World Bank. Included are merchandise exports and service exports. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border ...
The Ministry of Industry, Trade and MSMEs (Spanish: Ministerio de Industria, Comercio y Mipymes) of the Dominican Republic is a government institution in charge of formulating, evaluating and supervising the country's policies, plans and projects related to industries, exporting, internal trade, external trade, industrial zones and micro, small and medium-sized enterprises (MSMEs).