Dominican Republic

Dominican Republic ranked No. 39 in total trade value through May with a total of $4.97 billion. Exports totaled $3.1 billion and Imports totaled $1.87 billion, a surplus of $1.23 billion.

U.S. trade with Dominican Republic rose to $4.15 billion through May

Dominican Republic’s trade with the United States rose to $4.15 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.36 percent below its total trade during the same time period last year. U.S. exports to Dominican Republic decreased 16.47 percent while U.S. imports from Dominican Republic fell 13.34 percent. The U.S. surplus with Dominican Republic was $1.13 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Port Everglades, Fla.; No. 3 Port of San Juan, Puerto Rico; No. 4 Miami Int’l Airport; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port Miami; No. 2 Port Everglades, Fla.; No. 3 Miami Int’l Airport; No. 4 Port of San Juan, Puerto Rico and No. 5 Port of Houston. In the current time period, the top five accounted for 58.53 percent of Dominican Republic’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 25.34 percent to $1.05 billion.
    Exports fell 24.66 percent to $520.48 million. Imports fell 26.01 percent to $528.21 million.
  • Trade with No. 2 Port Everglades, Fla. fell 10.97 percent to $732.61 million.
    Exports fell 12.11 percent to $344.54 million. Imports fell 9.92 percent to $388.08 million.
  • Trade with No. 3 Port of San Juan, Puerto Rico fell 4.95 percent to $387.07 million.
    Exports fell 6.67 percent to $134.73 million. Imports fell 4 percent to $252.35 million.
  • Trade with No. 4 Miami Int’l Airport fell 18.1 percent to $385.93 million.
    Exports fell 26.38 percent to $159.53 million. Imports fell 11.05 percent to $226.4 million.
  • Trade with No. 5 Port of New Orleans fell 0.31 percent to $357.45 million.
    Exports fell 1.86 percent to $345.89 million. Imports rose 89.31 percent to $11.56 million.

Dominican Republic ranked No. 39 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 36.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Dominican Republic by value through May were the categories of Gasoline, other fuels; Passenger vehicles; LNG, other petroleum gases; Medical instruments; and Jewelry, parts, respectively. They accounted for 26.31 percent of total exports to Dominican Republic.

The value of the top five categories of U.S. imports from Dominican Republic –– Medical instruments; Electrical supplies, apparatus, less than 1000V; Cigars, cigarettes; Cane, beet sugar, solid form; and T-shirts, tank tops, knit or crocheted –– accounted for 52.96 percent of all inbound shipments.

Looking more closely at U.S. exports to Dominican Republic:

  • Gasoline, other fuels fell 52.78 percent compared to last year to $333.49 million.
  • Passenger vehicles fell 11.47 percent compared to last year to $142.64 million.
  • LNG, other petroleum gases fell 49.89 percent compared to last year to $134.84 million.
  • Medical instruments rose 4.28 percent compared to last year to $105.12 million.
  • Jewelry, parts fell 24.71 percent compared to last year to $100.05 million.

Looking more closely at U.S. imports from Dominican Republic:

  • Medical instruments rose 11.09 percent compared to last year to $385.95 million.
  • Electrical supplies, apparatus, less than 1000V fell 13.75 percent compared to last year to $246.12 million.
  • Cigars, cigarettes fell 31.13 percent compared to last year to $203.45 million.
  • Cane, beet sugar, solid form rose 28.17 percent compared to last year to $87.44 million.
  • T-shirts, tank tops, knit or crocheted fell 48.03 percent compared to last year to $69.1 million.

In the latest annual figures available, Dominican Republic recorded $14.76 billion in trade with the United States. Total U.S. exports to Dominican Republic were $ 9.21 billion and imports from Dominican Republic were $5.55 billion. The U.S. surplus with Dominican Republic was $3.65 billion.