Dominican Republic

In 2012, the value of merchandise exports of Dominican Republic increased substantially by 12.9 percent to reach 6.9 bln US$, while its merchandise imports increased moderately by 5.8 percent to reach 19.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 12.3 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Latin America and the Caribbean at -4.2 bln US$ (see graph 4). Merchandise exports in Dominican Republic were highly concentrated amongst partners; imports were moderately concentrated. The top 6 partners accounted for 80 percent or more of exports and 12 partners accounted for 80 percent or more of imports (see graph 5). In 2011, the value of exports of services of Dominican Republic increased slightly by 3.6 percent, reaching 5.3 bln US$, while its imports of services increased slightly by 2.1 percent and reached 2.2 bln US$ (see graph 2). There was a large trade in services surplus of 3.1 bln US$.

Related Subject(s): International Trade and Finance

Countries: Dominican Republic