2025News

Dominican exports up, driven by high gold prices and medical devices

The Dominican Republic’s exports reached an impressive US$1.37 billion in July 2025, marking a new milestone and signaling sustained growth for the country’s export sector. This record-breaking figure consistently surpasses monthly averages from both 2023 and 2024, demonstrating the robust momentum of the Dominican economy, the Customs Agency reports.

July’s export value not only topped this year’s monthly average of US$1.17 billion, but also significantly outperformed the averages from previous years: US$994.8 million in 2023 and US$1.07 billion in 2024. The Ministry of Industry, Commerce and Mipymes (MICM) highlighted that a significant portion of this growth was fueled by key sectors like free zones and manufacturing.

“This remarkable increase in total exports is a clear reflection of the hard work and resilience of our producers and exporters,” said Ito Bisonó, the Minister of Industry, Commerce and Mipymes. “Sustained month-over-month growth positions us favorably on the global stage and is a key driver for the economic development of the Dominican Republic.”

As reported, unprocessed gold emerged as the country’s top export, bringing in US$242.3 million—a substantial increase from the US$120.7 million exported in July 2024. In the past year, gold is up 46.3% from the opening price of US$2,384.30 per ounce on 8 August 2024, and on 8 August 2025 was trading at US$3,412.15 per ounce.

Beyond gold, other products with exceptional performance included medical devices for surgery (US$179.1 million), cacao beans (US$117.4 million), cigars (US$101.7 million), and electrical circuit breakers (US$85.4 million). The strong performance of high-tech and value-added goods like medical devices and circuit breakers underscores the growing sophistication of the Dominican Republic’s export offerings.

The United States continues to be the primary destination for Dominican exports, with a total value of US$631.6 million in July 2025 — up from US$611.5 million during the same month last year. This market remains vital for the stability and continued growth of the country’s exports.

Other nations that saw increased demand for Dominican products include India (US$184.3 million, mainly gold for refining), Haiti (US$113.5 million), the Netherlands (US$62.4 million), Puerto Rico (US$57.0 million), and Canada (US$54.2 million).

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Presidency

12 August 2025