Between January and October of this year, Dominican exports totaled US$9,738,832,312 which represents a growth of 20.74% compared to the same period in 2020 and 16.64% compared to 2019.
This figure was given by the president of theAsociación Dominicana de Exportadores (Adoexpo), Elizabeth Mena, during the presentation of awards for “Export Resilience 2021” to seven companies in that sector that promoted the strengthening of that productive area.
“Today, we can speak of tangible achievements that place us on the world map and celebrate all together that this2021 is a record year for exports, which demonstrates the resilience of the sector in times of crisis,” said Mena during the opening speech at the activity led by President Luis Abinader.
Mena projected that this 2021 exports will close with some US$11,887 million, representing a 20.5% growth compared to 2020 and 17.51% compared to 2019.
The representative of the export sector stated that the Dominican Republic of 1972, when Adoexpo was created, is not the same as, exports present a more diversified productive matrix, both in the export sectors of free zones, as well as in national exports.
“We also exhibit a more sophisticated exportable basket, with more goods and services of higher added value, as well as an increasingly numerous access to new markets. And today we call on you not to stop. To continue working because we now have an export promotion plan,” said Mena, who also presented the “Export Check Up, Adoexpo” platform.
This tool, according to Mena, was a joint work with the Technical Standards Institute of Costa Rica(Inteco) to create a method of verification of standards throughout Latin America and that will allow exporters to verify their level of compliance and take the necessary measures to access and remain in the most rigorous markets.
“It is no longer enough to comply with quality standards and specific regulations of each country, but end consumers are increasingly demanding to verify the sustainability criteria in the production and distribution chain of the products they consume,” explained the head of Adoexpo.
Trade growth
The Minister of Industry, Commerce and Mipymes, Víctor -Ito- Bisonó, highlighted that the Government has made efforts that have been demonstrated by the marked increase in the Dominican Republic’s trade, as during the first two quarters of 2021, Dominican exports have shown an increase of 28% over 2020 and an increase of 5% over 2019.
The official said that it is of great satisfaction that a modern services company was included within Adoexpo’s export resilience recognitions, since the export sector has the highest growth in the world economy and represents 83% of national formal employment and 60% of the Gross Domestic Product, of which 12% corresponds to modern services.
“It is impossible to talk about globalization without digitalization. For this reason we highlight the importance of this branch of the economy, which although invisible to our eyes, has been a driving force in the socio-economic development of several communities, highlighting the success of a number of companies that are already exporting their services to the United States and the European Union, in the areas of film, fashion, music, gastronomy, software, graphic design, video games and animation, “said Bisonó.
Acknowledgements
The Monte Plata Pineapple Producers Association was recognized as a Resilient Exporter in the SME category; the Sugar Consortium of Industrial Companies (CAEI), in the agro-industrial category; and Rowe Laboratories, as a resilient exporter in free trade zones.
The disposable plastics company Plastifar received awards in the industrial category; Cementos Cibao, in the extractive category; Marítima Dominicana (MARDOM), in the service category; and the software development company Intellisys D. Corp, in the modern services category.
