Statistics from the Customs Agency (DGA) reveal that exports to South America are growing steadily. One of the plusses making the difference is the large number of flights down South that have cargo space available.
In the first five months of 2024, some US$48 million were exported to the South American countries. This is US$10 million above the 2023 numbers.
The products going to the South include traditional exports such as tobacco, cigars, and some farm goods. But there is also medical instruments, veterinary equipment, and mining products, including ferro-nickel and gold.
Guyana, a relative newcomer to Dominican foreign relations, is the major trading partner, receiving more than half of all exports sent to South America (US$26.3 million). This has to be in large part because of the recent initiatives by Dominican entities to assist Guyana manage and refine its petroleum resources. There are now direct flights between Santo Domingo and Georgetown, Guyana, via Sky High Dominicana, and there is a Guyana-Dominican Chamber of Commerce in Santo Domingo.
Exports to neighboring Suriname soared 61% year to year, although the total amount of commerce was not that much at just about US$5 million.
New markets for Dominican entrepreneurs that will certainly be promoted by government agencies.
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N Digital
22 July 2024