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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
U.S. goods and services trade with Dominican Republic totaled an estimated $19.5 billion in 2017 (latest data available). Exports were $9.8 billion; imports were $9.8 billion. The U.S. goods and services trade deficit with Dominican Republic was $37 million in 2017.
Dominican Republic is currently our 39th largest goods trading partner with $13.9 billion in total (two way) goods trade during 2018. Goods exports totaled $8.6 billion; goods imports totaled $5.3 billion. The U.S. goods trade surplus with Dominican Republic was $3.3 billion in 2018.
Trade in services with Dominican Republic (exports and imports) totaled an estimated $7.0 billion in 2017 (latest data available). Services exports were $1.9 billion; services imports were $5.0 billion. The U.S. services trade deficit with Dominican Republic was $3.1 billion in 2017 (latest data available).
According to the Department of Commerce, U.S. exports of Goods and Services to Dominican Republic supported an estimated 46 thousand jobs in 2015 (latest data available) (36 thousand supported by goods exports and 10 thousand supported by services exports).
Dominican Republic was the United States' 33rd largest goods export market in 2018.
- U.S. goods exports to Dominican Republic in 2018 were $8.6 billion, up 9.4% ($734 million) from 2017 and up 29.8% from 2008. U.S. exports to Dominican Republic are up 60.0% from 2006 (pre-FTA).
- The top export categories (2-digit HS) in 2018 were: mineral fuels ($1.9 billion), electrical machinery ($786 million), machinery ($643 million), vehicles ($546 million), and plastics ($520 million).
U.S. total exports of agricultural products to Dominican Republic totaled $1.3 billion in 2018. Leading domestic export categories include: soybean meal ($189 million), corn ($167 million), soybean oil ($107 million), tobacco ($95 million), and pork & pork products ($93 million).
U.S. exports of services to Dominican Republic were an estimated $1.9 billion in 2017 (latest data available), 6.8% ($122 million) more than 2016, and 31.3% greater than 2007 levels. Leading services exports from the U.S. to Dominican Republic were in the travel, transport, and financial services sectors.
Dominican Republic was the United States' 45th largest supplier of goods imports in 2018.
U.S. goods imports from Dominican Republic totaled $5.3 billion in 2018, up 11.9% ($563 million) from 2017, and up 33.5% from 2008. U.S. imports from Dominican Republic are up 17.1% from 2006 (pre-FTA).
The top import categories (2-digit HS) in 2018 were: optical and medical instruments ($930 million), electrical machinery ($792 million), tobacco ($737 million), knit apparel ($526 million), and precious metal and stone (jewelry) ($276 million).
U.S. total imports of agricultural products from Dominican Republic totaled $509 million in 2018. Leading categories include: raw beet & cane sugar ($99 million), wine and beer ($88 million), fresh vegetables ($48 million), cocoa beans ($47 million), and other fresh fruit ($43 million).
U.S. imports of services from Dominican Republic were an estimated $5.0 billion in 2017 (latest data available), 5.4% ($260 million) more than 2016, and 65.9% greater than 2007 levels. Leading services imports from Dominican Republic to the U.S. were in the travel, transportation, and telecommunications, computer, and information services sectors.
The U.S. goods trade surplus with Dominican Republic was $3.3 billion in 2018, a 5.5% increase ($171 million) over 2017.
The United States has a services trade deficit of an estimated $3.1 billion with Dominican Republic in 2017, up 4.6% from 2016.
U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $2.1 billion in 2017 (latest data available), a 74.6% increase from 2016. U.S. direct investment in Dominican Republic is led by manufacturing, wholesale trade, and information services.
Dominican Republic's FDI in the United States (stock) was $2 million in 2017. There is no information on the distribution of Dominican Republic FDI in the U.S.
Sales of services in Dominican Republic by majority U.S.-owned affiliates were $1.0 billion in 2016 (latest data available).