SANTO DOMINGO – President Luis Abinader has attributed the Dominican Republic’s economic momentum and record-breaking export growth to the government’s focus on creating favorable business conditions and cultivating an export-driven culture rooted in education, innovation, and sustainability.
Speaking at the Third Presidential Meeting on the Progress of the National Export Promotion Plan (PNFE) 2020–2030, held at the National Palace, the president announced that Dominican exports surged by 23.6% from 2020 to 2024. During this four-year period, total exports reached an impressive US$63.3 billion, with US$13.87 billion recorded in 2024 alone—setting a new national benchmark.
The president emphasized that this growth trajectory has continued into 2025. From January through May, the country exported US$5.64 billion worth of goods, marking an 8.6% increase over the same period last year. He noted that while traditional markets like the United States saw a significant boost—US$436 million more than the previous year—exports also expanded in emerging markets, including Japan, Cuba, Guyana, and the Turks and Caicos Islands.
President Abinader stressed that maintaining this export momentum will require continued coordination between the public and private sectors, ensuring that exports remain central to the nation’s long-term development strategy.
Biviana Riveiro, executive director of ProDominicana, reinforced this outlook by highlighting consistent export growth across key global markets such as the U.S., U.K., France, Jamaica, Mexico, and Turkey. She reported that industrial exports now exceed US$2.9 billion, with standout growth in high-value products. Since 2020, medical instrument exports have climbed by 74%, while electrical goods exports rose by 15%.
Looking ahead, Riveiro projected that if current growth trends and policy frameworks hold, Dominican exports could reach US$35 billion by 2036, further cementing the country’s role as a regional leader in global trade.
