Haiti’s US$1.0B market is one fourth of yearly local exports
Santo Domingo.- Excluding the free zones, Haiti is the Dominican exports’ top destination since it overtook the United States in 2010 and Puerto Rico in the early part of the decade.
Haiti’s lead stems from declining exports to the U.S. and increasing to Haiti, according to a study by the economist Pavel Isa.
Central Bank 2nd quarter figures last year show that Haiti’s US$1.0 billion yearly market accounts for a quarter of Dominican exports outside the free zones.
But what foreign trade statistics don’t show are the massive informal exports much more difficult to tally, mostly from the weekly cross-border markets held in all towns along the island’s dividing line.
Category: DR News |