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On August 5, 2004, the United States signed the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic (the Parties). Under the Agreement, the Parties significantly liberalizes trade in goods and services.
The CAFTA-DR also includes important disciplines relating to: customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, transparency and labor and environmental protection.
The Agreement entered into force for the United States and El Salvador on March 1, 2006; for, Honduras and Nicaragua on Aril 1 2006; and for Guatemala on July 1, 2006. The CAFTA-DR entered into force for the Dominican Republic on March 1, 2007, and for Costa Rica on January 1, 2009.
U.S.-Dominican Republic Trade Facts
Dominican Republic is currently our 40th largest goods trading partner with $12 billion in total (two way) goods trade during 2015. Goods exports totaled $7.1 billion; goods imports totaled $4.7 billion. The U.S. goods trade surplus with Dominican Republic was $2.5 billion in 2015.
According to the Department of Commerce, U.S. exports of goods to Dominican Republic supported an estimated 37 thousand jobs in 2014 (latest data available).
- Dominican Republic was the United States' 34th largest goods export market in 2015.
- U.S. goods exports to Dominican Republic in 2015 were $7.1 billion, down 9.9% ($788 million) from 2014 but up 51% from 2005. U.S. exports to Dominican Republic are up 33.3% from 2006 (pre-FTA).
- The top export categories (2-digit HS) in 2015 were: mineral fuels ($1.1 billion), electrical machinery ($583 million), machinery ($575 million), plastics ($456 million), and vehicles ($451 million).
- U.S. exports of agricultural products to Dominican Republic totaled $1.1 billion in 2015, our 23rd largest agricultural export market. Leading categories include: soybean meal ($190 million), tobacco ($100 million), wheat ($93 million), soybean oil ($87 million), and corn ($86 million).
- Dominican Republic was the United States' 45th largest supplier of goods imports in 2015.
- U.S. goods imports from Dominican Republic totaled $4.7 billion in 2015, up 3.1% ($140 million) from 2014, and up 1.2% from 2005. U.S. imports from Dominican Republic are up 2.8% from 2006 (pre-FTA). U.S. imports from Dominican Republic are up 2.8% from 2006 (pre-FTA).
- The top import categories (2-digit HS) in 2015 were: optical and medical instruments ($859 million), tobacco ($614 million), electrical machinery ($491 million), knit apparel ($472 million), and precious metal and stone (jewelry) ($349 million).
- U.S. imports of agricultural products from Dominican Republic totaled $413 million in 2015, our 44th largest supplier of agricultural imports. Leading categories include: raw beet & cane sugar ($94 million), cocoa beans ($81 million), processed fruit & vegetables ($34 million), sugars, sweeteners, bev bases ($34 million), and fresh vegetables ($32 million).
- The U.S. goods trade surplus with Dominican Republic was $2.5 billion in 2015, a 27.3% decrease ($928 million) over 2014.
- U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $1.2 billion in 2014 (latest data available), a 3.5% increase from 2013. U.S. direct investment in Dominican Republic is led by manufacturing, information, and wholesale trade.
- No data on Dominican Republic's FDI in the U.S. are available.
- Sales of services in Dominican Republic by majority U.S.-owned affiliates were $1.6 billion in 2013 (latest data available).
NOTE: No services trade data with Dominican Republic are available.