Dominican Republic Exporter Guide 2019

Country:
Dominican Republic

Report Highlights: The Dominican Republic (DR) is the fourth-largest market for U.S. agricultural and related products in the Western Hemisphere, increasing 11 percent to reach a record $1.44 billion in 2018. However, the first nine months of 2019 reflect a 2 percent decrease in this category compared to the same period in 2018. A key factor is continued loss of U.S. market share for corn to South American suppliers. In addition, tourist bookings and food and beverage purchases at resorts were down 30 percent in September following wide-reaching negative media coverage involving U.S. tourists in the DR. However, growth in the hotel and restaurant sector in Santo Domingo and other urban areas partially compensated for those losses, and tourist arrivals during the holiday period appear to be rebounding. In the first nine months of 2019, U.S. consumer-oriented exports increased 9 percent compared to the same period in 2018.

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