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Tuesday, 09 February 2010   |   Last Updated: 23 July 2009

 

Dominican Republic

DR FlagU.S.-Dominican Republic Trade Facts

Dominican Republic is currently our 46th largest goods trading partner with $10.6 billion in total (two way) goods trade during 2008. Goods exports totaled $6.6 billion; Goods imports totaled $4.0 billion. The U.S. goods trade surplus with Dominican Republic was $2.6 billion in 2008.

Exports

Dominican Republic was the United States' 33rd largest goods export market in 2008.

U.S. goods exports to Dominican Republic in 2008 were $6.6 billion, up 8.4% ($510 million) from 2007, and up 136% from 1994 (the year prior to Uruguay Round). U.S. exports to the Dominican Republic are up 23.3% from 2006 (Pre FTA).

The top export categories (2-digit HS) in 2008 were: Electrical Machinery ($1.1 billion), Mineral Fuel (oil) ($658 million), Machinery ($455 million), Cereal (corn and wheat) ($403 million), and Vehicles ($380 million).

U.S. exports of agricultural products to Dominican Republic totaled $1.0 billion in 2008, the 20th largest U.S. Ag export market. Leading categories include: coarse grains ($252 million), soybean meal ($147 million), wheat ($135 million), and tobacco ($86 million).

Imports

Dominican Republic was the United States' 52nd largest supplier of goods imports in 2008.

U.S. goods imports from Dominican Republic totaled $4.0 billion in 2008, a 5.6% decrease ($238 million) from 2007, but up 29% over the last 14 years. U.S. imports from the Dominican Republic are down 12.2% from 2006 (pre-FTA).

The five largest import categories in 2008 were: Electrical Machinery ($582 million), Optical and Medical Instruments ($500 million), Precious Stones (jewelry) ($495 million), Knit Apparel ($478 million), and Woven Apparel ($357 million).

U.S. imports of agricultural products from Dominican Republic totaled $302 million in 2008. Leading categories include: raw beet and cane sugar ($66 million), cocoa beans ($29 million), and fresh vegetables ($27 million).

Trade Balance

The U.S. goods trade surplus with Dominican Republic was $2.6 billion in 2008, a 40.0% increase ($748 million) over 2007.

Investment

U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $933 million in 2007 (latest data available), up 2.9% from 2006.

U.S. direct investment in Dominican Republic is primarily in the manufacturing sector.