The agricultural sector leads export growth, with cocoa positioned as the sector with the greatest absolute growth
In cumulative terms, from January to August 2024, exports reached US$8,611.4 million and an interannual growth rate of 6.1% compared to the same months in 2023.
This value represents a growth of 30.6% compared to the similar pre-pandemic period in 2019.
According to the executive director of the Center for Export and Investment of the Dominican Republic (ProDominicana), Biviana Riveiro Disla, the United States is positioned as the most dynamic destination in January-August 2024, showing a significant increase of US$381.7 million additional in relation to the amount exported during the same month in 2023.
This positive performance is followed by international sales to India, China and the Netherlands, which showed absolute growth of USD$180.1 million, USD$41.5 million and USD$33.5 million, respectively.
Other markets that show an increase are: Spain with US$26.6 million in absolute growth, Japan with an additional US$20.3 million, Puerto Rico US$15.4 million, Cuba US$13.5 million, Italy US$13.4 million, Colombia US$11.5 million, Mexico US$10.1 million and Guyana US$8.8 million additional, among 64 other destinations that showed increases in their purchase values of Dominican products.
The agricultural sector leads export growth, with cocoa as the sector with the greatest absolute growth, with an increase of US$166.0 million, equivalent to an interannual growth of 95.8%; followed by raw gold with US$150.0 million and, in third place, medical instruments and devices with US$100.5 million.
