Brazil represents a strategic partner that the Dominican Republic could take advantage of to increase its foreign investment and balance its trade balance join Mercosuran economic integration bloc that has facilitated free trade between its member countries in South America.
The Dominican ambassador of Brazil in the country, Carlos Perezhighlighted that despite lacking bilateral regulatory frameworks that facilitate the flow of investments, Brazil It represented the third country that invested the most in Dominican soil in 2024 (with 209.2 million dollars) and represented the fifth since 2010 (providing foreign currency for 2,579.3 million dollars).
Likewise, he recalled that the country export 20 times less toward Brazil conversely, which suggests that the commercial exchange “is not healthy” and could aspire to a balance if the country joins the conglomerate.
“It is very important that the Dominican Republic look at Mercosur with the same interest with which Brazil look at the Dominican Republic“, he expressed yesterday at a conference organized by the Brazilian Dominican Chamber of Commerce.
This approach was seconded by the president of the chamber, Leonardo Castellanoswho highlighted that Brazil imports around 400 million dollars in items that the Dominican Republic produces an advantage in a context in which the market diversification It is key to guaranteeing the resilience of the economy.
“It’s time to look southand there is the opportunity to do business with Brazil“Castellanos emphasized, indicating that this bilateral relationship could become a model for the region.
Commercial exchange
Between January and October 2025, the Dominican Republic imported 605 million of dollars from Brazilwhile barely exported 41.4 million of dollars in the same period, which represents “a problem” given the imbalance in the trade balance, said Pérez.
He indicated that, although the Dominican exports grew by 52.2% compared to January-October of last year (34.3 million dollars), this was influenced by the rise in prices of raw materials.
Furthermore, he indicated that the country exports very few items, being the pharmaceutical equipmentthe medical supplies and the drugs those who Brazil more demand.
Meanwhile, the Dominican Republic demand for Brazil raw materials –like him corn-, as well as iron products and steel. Sugar cane, chicken meat and petroleum oils are also among the five main products imported from the South American giant.
