Dominican Republic
U.S.-Dominican Republic Trade Facts
Dominican Republic is currently our 46th largest goods trading partner with $11.5 billion in total (two way) goods trade during 2011. Goods exports totaled $7.3 billion; Goods imports totaled $4.2 billion. The U.S. goods trade surplus with Dominican Republic was $3.2 billion in 2011.
Exports
Dominican Republic was the United States' 36th largest goods export market in 2011.
U.S. goods exports to Dominican Republic in 2011 were $7.3 billion, up 11.7% ($767 million) from 2010, and up 65% from 2000. U.S. exports to the Dominican Republic are up 37% from 2006 (Pre FTA).
The top export categories (2-digit HS) in 2011 were: Mineral Fuel (oil) ($1.3 billion), Electrical Machinery ($563 million), Machinery ($519 million), Vehicles ($457 million), and Cotton, Yarn, and Fabric ($447 million).
U.S. exports of agricultural products to Dominican Republic totaled $1.2 billion in 2011. Leading categories include: coarse grains ($212 million), wheat ($192 million), soybean meal ($145 million), and tobacco ($101 million).
Imports
Dominican Republic was the United States' 53rd largest supplier of goods imports in 2011.
U.S. goods imports from Dominican Republic totaled $4.2 billion in 2011, a 14.1% increase ($519 million) from 2010, but down 4% from 2000. U.S. imports from the Dominican Republic are down 7.5% from 2006 (pre-FTA).
The five largest import categories in 2011 were: Optical and Medical Instruments ($595 million), Precious Stones (jewelry and gold) ($540 million), Electrical Machinery ($417 million), Tobacco ($360 million), and Knit Apparel ($335 million).
U.S. imports of agricultural products from Dominican Republic totaled $432 million in 2011. Leading categories include: raw beet and cane sugar ($146 million), cocoa beans ($55 million), and fresh vegetables ($41 million).
Trade Balance
The U.S. goods trade surplus with Dominican Republic was $3.2 billion in 2011, a 8.5% increase ($248 million) over 2010.
Historical Trade Data Note: FTA entry into force March 1, 2007
U.S. Goods Trade with Dominican Republic (in billions of dollars)
|
1980 |
1990 |
1994 |
2000 |
2006 |
2008 |
2009 |
2010 |
2011 |
Balance |
0.0 |
-0.0 |
-0.3 |
0.1 |
0.8 |
2.6 | 1.9 | 2.9 | 3.2 |
Exports |
0.8 |
1.7 |
2.8 |
4.5 |
5.4 |
6.6 | 5.3 | 6.6 | 7.3 |
Imports |
0.8 |
1.8 |
3.1 |
4.4 |
4.5 |
4.0 | 3.3 | 3.7 | 4.2 |
Investment
U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $1.3 billion in 2010 (latest data available), up 21.6% from 2009.
U.S. direct investment in Dominican Republic is primarily in the manufacturing sector.
Dominican Republic FDI in the United States (stock) was not available in 2010.
NOTE: No services trade data with Dominican Republic is available.
2/15/12