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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 (latest data available). Exports were $9.5 billion; imports were $9.2 billion. The U.S. goods and services trade surplus with Dominican Republic was $294 mill
Dominican Republic is currently our 39th largest goods trading partner with $12.6 billion in total (two way) goods trade during 2017. 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 2017.
Trade in services with Dominican Republic totaled an estimated $6.3 billion in 2016 (latest data available). Services exports totaled $1.8 billion; services imports totaled $4.6 billion. The U.S. services trade deficit with Dominican Republic was $2.8 bil
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 2017.
- U.S. goods exports to Dominican Republic in 2017 were $7.8 billion, up 1.0% ($77 million) from 2016 and up 28.7% from 2007. U.S. exports to Dominican Republic are up 46.3% from 2006 (pre-FTA).The top export categories (2-digit HS) in 2017 were: mineral fuels ($1.7 billion), electrical machinery ($683 million), machinery ($580 million), vehicles ($477 million), and plastics ($462 million).
- The top export categories (2-digit HS) in 2017 were: mineral fuels ($1.7 billion), electrical machinery ($683 million), machinery ($580 million), vehicles ($477 million), and plastics ($462 million).
U.S. total exports of agricultural products to Dominican Republic totaled $1.2 billion in 2017. Leading domestic export categories include: soybean meal ($174 million), soybean oil ($140 million), corn ($95 million), tobacco ($83 million), and wheat ($82 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.
Dominican Republic was the United States' 47th largest supplier of goods imports in 2017.
U.S. goods imports from Dominican Republic totaled $4.7 billion in 2017, up 1.4% ($67 million) from 2016, and up 12.6% from 2007. U.S. imports from Dominican Republic are up 4.7% from 2006 (pre-FTA).
The top import categories (2-digit HS) in 2017 were: optical and medical instruments ($898 million), tobacco ($715 million), electrical machinery ($520 million), knit apparel ($484 million), and precious metal and stone (jewelry) ($275 million).
U.S. total imports of agricultural products from Dominican Republic totaled $424 million in 2017. Leading categories include: raw beet & cane sugar ($102 million), fresh vegetables ($47 million), cocoa beans ($43 million), other fresh fruit ($37 million), and processed fruit & vegetables ($23 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.
The U.S. goods trade surplus with Dominican Republic was $3.1 billion in 2017, a 0.3% increase ($9 million) over 2016.
The United States has a services trade deficit of an estimated $2.8 billion with Dominican Republic in 2016 (latest data available), up 1.1% from 2015.
U.S. foreign direct investment (FDI) in Dominican Republic (stock) was $2.1 billion in 2017, a 74.6% increase from 2016. U.S. direct investment in Dominican Republic is led by manufacturing, wholesale trade, and information services.
NDominican 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 2015 (latest data available).