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Dominican Republic

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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 $18.8 billion in 2016. Exports were $9.5 billion; imports were $9.2 billion. The U.S. goods and services trade surplus with Dominican Republic was $298 million in 2016.

Dominican Republic is currently our 38th largest goods trading partner with $12.4 billion in total (two way) goods trade during 2016. Goods exports totaled $7.8 billion; goods imports totaled $4.7 billion. The U.S. goods trade surplus with Dominican Republic was $3.1 billion in 2016.

Trade in services with Dominican Republic (exports and imports) totaled an estimated $6.3 billion in 2016. Services exports were $1.8 billion; services imports were $4.6 billion. The U.S. services trade deficit with Dominican Republic was $2.8 billion in 2016.

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). 

Exports

  • Dominican Republic was the United States' 33rd largest goods export market in2016.

  • U.S. goods exports to Dominican Republic in 2016 were $7.8 billion, up 9.0% ($641 million) from 2015 and up 45.0% from 2006. U.S. exports to Dominican Republic are up 45.0% from 2006 (pre-FTA). 

  • The top export categories (2-digit HS) in 2016 were: mineral fuels ($1.4 billion), electrical machinery ($720 million), machinery ($689 million), vehicles ($508 million), and plastics ($446 million).

  • U.S. total exports of agricultural products to Dominican Republic totaled $1.2 billion in 2016, our 21th largest agricultural export market. Leading domestic export categories include: soybean meal ($224 million), corn ($87 million), soybean oil ($84 million), wheat ($82 million), and tobacco ($80 million).

  • U.S. exports of services to Dominican Republic were an estimated $1.8 billion in 2016, 10.3% ($166 million) more than 2015.  Leading services exports from the U.S. to Dominican Republic were in the travel, transport, and financial services sectors. 

Imports

  • Dominican Republic was the United States' 43rd largest supplier of goods imports in 2016.

  • U.S. goods imports from Dominican Republic totaled $4.7 billion in 2016, up 0.3% ($14 million) from 2015, and up 3.2% from 2006. U.S. imports from Dominican Republic are up 3.2% from 2006 (pre-FTA). 

  • The top import categories (2-digit HS) in 2016 were: optical and medical instruments ($946 million), tobacco ($653 million), knit apparel ($509 million), electrical machinery ($491 million), and precious metal and stone (jewelry) ($321 million).

  • U.S. total imports of agricultural products from Dominican Republic totaled $417 million in 2016. Leading categories include: raw beet & cane sugar ($92 million), cocoa beans ($52 million), fresh vegetables ($49 million), sugars, sweeteners, bev bases ($36 million), and processed fruit & vegetables ($32 million).

  • U.S. imports of services to Dominican Republic were an estimated $4.6 billion in 2016, 5.2% ($224 million) more than 2015.  Leading services imports from Dominican Republic to the U.S. were in the travel, transport, and telecommunications, computer, and information services sectors. 

Trade Balance

  • The U.S. goods trade surplus with Dominican Republic was $3.1 billion in 2016, a 25.6% increase ($627 million) over 2015.

  • The United States has a services trade deficit of an estimated $2.8 billion with Dominican Republic in 2016, up 1.1% from 2015. 

Investment

  • U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $1.4 billion in 2016, a 7.9% increase from 2015.U.S. direct investment in Dominican Republic is led by wholesale trade, information, and nonbank holding companies.

  • No data on Dominican Republic's FDI in the U.S. are available.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 2015 (latest data available).