Economist Pavel Isa Contreras of the Dominican Trade Observatory (ODCI) says that the local export sector still needs a great deal of improvement. Exports went from US$5.19 billion in goods and US$8.07 billion in services in 2000 to US$8.54 billion in goods and US$13.881 in services in 2011.
The observations follow an assessment made of the sector from 2000 to 2011, “Selected Performance Indicators of Exports in the Dominican Republic: Evaluation of a Decade.”
Isa Contreras concludes that general and structural indicators suggest a sluggish behavior of exports, a noteworthy decline of the export value as proportion of GDP and a significant reduction in share in world markets. The indicators of composition of exports reveal the need for a restructuring process. The assessment showed that while apparel exports declined, new primary exports have emerged and there has been considerable diversification of exports.
Read the assessment in Spanish at: http://www.redalyc.org/articulo.oa?id=87026374005