According to the Dominican Association of Free Zones (Adozona), exports in July hit the sum of US$783.84 million, a new record. According to Luis Jose Bonilla, the spokesperson and executive vice-president of the association, the US$8.5 billion threshold is certainly a possibility in 2024. The total for July represented an 11% increase year-to-year, and the numbers are backed up by data from the Dominican Customs agency. Total exports for July 2024 were over a billion dollars, a 13.2% improvement over last year for this month.
All told, the Industrial Free Zones have exported a bit over US$5 billion so far this year, which is a 7.5% increase over last year. This is probably why, together with tourism and remittances, the Dominican GDP was up to 5.1% for 2024.
Read more in Spanish:
Listin Diario
26 August 2024