SANTO DOMINGO – The Dominican Republic has demonstrated robust economic performance with exports reaching US$11.954 billion during the first ten months of the year, representing a significant 10% year-on-year increase. Industry, Commerce, and MSMEs Minister Víctor Bisonó announced these figures, characterizing the growth as evidence of a nation that “dares, innovates, and transforms perseverance into tangible progress.”
A particularly notable achievement was recorded in October, which witnessed the highest export volume for that month in over a decade, exceeding US$1.25 billion in overseas sales. Beyond traditional goods, the country is emerging as a powerful exporter of modern services. This sector has experienced explosive growth, with exports soaring to US$2.289 billion. This marks a 29% surge compared to the previous year and a staggering 175% expansion since 2019, underscoring a strategic shift towards a knowledge-based economy.
Minister Bisonó credited this success to the government’s strategic, long-term economic policy focused on global integration and sustainable development. This approach has positioned the country as a premier investment destination, capturing 30% of all foreign direct investment flowing into the Caribbean and Central American region. Bolstered by this momentum, the government confidently projects that foreign investment will hit an unprecedented US$5 billion by the close of the current fiscal year.