Dominican Republic exports to Cuba up
Santo Domingo.- The Dominican Republic is the fourth largest exporter of products to Cuba in Latin America and the Caribbean, for a value of US$52.4 million in 2015.
A full 60.9 % of this total accounts for just nine local products, for a value of US$32 million.
“The opening up of Cuba is an opportunity for the country to diversify the quantity of merchandise that it exports to this market,” says a study by the Advice, Consultancy and Research Office (OACI).
The report, by Ángel de Jesús Checo Escalante, states that the main products exported from the DR to Cuba include malted beer, ingredients for sauces and animal feed components.
These three products combined represented 42% of the total sold last year, according to the report, “Description of the Trade Exchange between DR and Cuba.”
It says that malted beer, with sales worth US$8.2 million, is a relatively new export that only started in 2014. Other products are semi-finished iron materials and ethyl alcohol.
May 26, 2016
Category: DR News |