MADE IN THE DR
Dominican Republic is currently our 40th largest goods trading partner with $12 billion in total (two way) goods trade during 2015. Goods exports totaled $7.1 billion; goods imports totaled $4.7 billion.
The U.S. goods trade surplus with Dominican Republic was $2.5 billion in 2015.
According to the Department of Commerce, U.S. exports of goods to Dominican Republic supported an estimated 37 thousand jobs in 2014 (latest data available).
Dominican Republic was the United States' 34th largest goods export market in 2015.
U.S. goods exports to Dominican Republic in 2015 were $7.1 billion, down 9.9%
($788 million) from 2014 but up 51% from 2005. U.S. exports to
Dominican Republic are up 33.3% from 2006 (pre-FTA).
The top export categories (2-digit HS) in 2015 were: mineral fuels ($1.1 billion), electrical machinery ($583 million), machinery ($575 million), plastics ($456 million), and vehicles ($451 million).
U.S. exports of agricultural products to Dominican Republic totaled $1.1 billion in 2015, our 23rd largest agricultural export market. Leading categories include: soybean meal ($190 million), tobacco ($100 million), wheat ($93 million), soybean oil ($87 million),
and corn ($86 million).Imports
U.S. goods imports from Dominican Republic totaled $4.7 billion in 2015, up 3.1% ($140 million) from 2014, and up 1.2% from 2005. U.S. imports from Dominican Republic are up 2.8% from 2006 (pre-FTA). U.S. imports from Dominican Republic
are up 2.8% from 2006 (pre-FTA).
The top import categories (2-digit HS) in 2015 were: optical and medical instruments ($859 million), tobacco ($614 million), electrical machinery ($491 million), knit apparel ($472 million), and precious metal and stone (jewelry) ($349 million).
U.S. imports of agricultural products from Dominican Republic totaled $413 million in 2015, our 44th largest supplier of agricultural imports. Leading categories include: raw beet & cane sugar ($94 million), cocoa beans ($81 million), processed fruit & vegetables ($34 million), sugars, sweeteners, bev bases ($34 million), and fresh vegetables ($32 million).
The Dominican Republic is an Island Nation which is part of Hispaniola which also includes Haiti. Located in the Caribbean, just a few hundred miles off the coast of Miami it makes for an excellent and convent trading partner to the United States and Canada. Compared to manufacturing in Asia, the Dominican Republic has a leveraged cost advantage that is similar however the supply time is significantly better.
Shipments of goods can be made in under a weeks time.