DR is biggest importer in Caribbean
Speaking in London, Minister of Industry and Commerce Temístocles Montás highlighted that the Dominican Republic is a big market for British products. He said the DR has become the leading importer of goods in the Caribbean. In 2015, the DR imported 28% of all imports in the region.
He said the DR was followed by Cuba (25%), Trinidad & Tobago (13%), Jamaica (8%) and Haiti (5%).
In exports, the DR is second to Trinidad & Tobago, a major exporter of petroleum and gas products. Cuba and Jamaica are third and fourth in exports, according to data provided by Montás.
Montás said that in 2015, the Caribbean trade with the UK was US$136 billion.
Of this, the DR traded in US$25.7 billion. Of this 45% of the trade was with the United States, followed by China (10%), European Union (9%) and Canada (4%). Other leading trading partners are Haiti, Venezuela and Mexico.
Montás presentation on “Infrastructure and Logistics: Keys to Dominican Competitive Development” was delivered during the fifth celebration of the UK Dominican Week promoted by the Dominican Republic Embassy in the UK.
Source: DR1, Elcaribe
Nov 8, 2016
Category: DR News |