Exports forecast to grow 9% in 2018

Pavel Isa / El Día

Economist Pavel Isa Contreras says that national exports this year could break the US$11 billion mark, a new record. The total would be 9% above the total for 2017.

Isa reports that the Observatorio Dominicano de Comercio Internacional (ODCI) in its quarterly report dated November 2018 says that the percentage increase is three times the annual average for the years 2012 to 2017. Isa says the growth is most likely stimulated by the recent economic expansion in the United States.

Electric devices manufactured at duty free zones are now the main industrial single export. Exports from January to September 2018 were US$8.27 billion, or 8.7% more than exports for the same period in 2017.

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El Dia

20 December 2018