1998News

Boom in textile exports

According to the National Free Zones Council, the Dominican Republic is the seventh largest exporter of textiles to the United States. In 1997, the country exported more than US$2,000 million in textiles. The 27% growth in textile exports from the Dominican Republic was only surpassed worldwide by the 28.33% growth of China and Mexico’s 40.89%. Textile exports were up 11.75% in Korea; 20.76% in Canada 20.76%; 5.05% in Taiwan; and 0.58% in Hong Kong. Textile exports generated foreign exchange for US$700 million, up 21%. The National Free Zones Council says that the free zone textile industries accounted for 145,000 jobs in 1997. Some 77 new apparel companies were installed in 1997.