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Dominican Republic: Central Bank confirms new export markets

The Dominican Exporters Association (ADOEXPO) and the governor of the Central Bank said that looking at the export of traditional products, it can be observed that they present a stable behaviour, while non-traditional products like banana, avocado and mango showed a bigger dynamic, which shows the enterprising character of the exporting sector, which made a huge effort to get into new markets, specially of organic products.

So, while in the year 2000, exports to the United States and Puerto Rico represented 87.3% of the total exports, in 2010 they represented 52.3%, which means that Dominican exports found new niches in the international markets.

It means that, actually, more than the United States, the main exporting commercial partners are: Haiti, the Netherlands and Belgium and the main entrance points to Spain, United Kingdom and Continental China.

"Exports to the European market became almost double in the last 10 years, passing from some 5.8% (equivalent to US$ 335.2 million) in 2000, to 9.4% in 2010 (an amount of US$611.3 million)", Héctor Valdez Albizu, governor of the Central Bank, affirmed.

Source: Elnuevodiario

Publication date: 3/23/2011


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