The Dominican Republic Exports More than Just Cigars and Coffee
For a long time, the Dominican Republic has been known for its exports of cigars, coffee, rum, and more. However, these are not the only products traveling across the world via Dominican shipping companies and freight forwarders. Here is a basic breakdown of Dominican Republic shipping exports, including where they go, what they are, and how much they’re worth.
Where are the exports going?
Products shipped with Dominican shipping companies are going all over the world, but there are a few regions that receive large quantities of Dominican exports. These regions include North America, Latin America, Asia, and Europe. The United States gets the most of the Dominican exports in North America, making up at least 65% of the Dominican’s total exports. Next, Latin America receives about 20% of the total exports from the Dominican Republic. They are followed by Europe at around 15%, and Asia at around 9%.
The main exports going to the United States are medical instruments, cigars, jewelry, circuit breakers and panels, footwear, cotton clothing, and medicines and pharmaceutical products.
Europe receives mostly traditional products from the Dominican Republic, like cigars, cocoa beans, bananas, and liqueurs. Switzerland, Netherlands, United Kingdom, Germany, and Spain make the top five commercial European partners of the Dominican Republic.
India and China make up most of the Asain export destinations. India receives mostly gold, ferroalloys, and cocoa beans. China receives mostly raw materials.
The value of Dominican exports on a global scale
The list of the following exported products represents the highest dollar value in Dominican global shipments in 2016. The percentages tied to the products represents each export category in terms of overall exports from the Dominican Republic.
- Gems, precious metals: US$1.9 billion (21.8%)
- Optical, technical, medical apparatus: $1.4 billion (15.8%)
- Tobacco, manufactured substitutes: $753.8 million (8.5%)
- Electrical machinery, equipment: $662.9 million (7.4%)
- Fruits, nuts: $555.1 million (6.2%)
- Knit or crochet clothing, accessories: $541.7 million (6.1%)
- Footwear: $417.9 million (4.7%)
- Clothing, accessories (not knit or crochet): $313.9 million (3.5%)
- Cocoa: $302.3 million (3.4%)
- Pharmaceuticals: $286 million (3.2%)
Cargo airlines are dedicated to transporting cargo nationally and internationally, and they make the benefits of the global market possible for so many. We all trade things around the world so every country can experience the riches that others have to offer. The use of Dominican shipping companies makes it possible for the Dominican Republic to partake in the global market and thrive just as others do.