Do not be surprised if you are handed a few chiclets in return when you pay the bill and there is some change to be given to you. The Dominican Republic's apparel industry is facing many challenges at home and in the global economy. nearshoring in the Dominican Republic. Cheese Sales. The Dominican Republic is an upper-middle income developing country with important sectors including mining, tourism, manufacturing ( medical devices, electrical equipment, pharmaceuticals, and chemicals ), energy, real estate, infrastructure, telecommunications and agriculture. GDP decreased in 2020 by 6.74%, mostly due to the COVID-19 pandemic. Since the 1990s, the sugar industry of the Dominican Republic has committed itself to improvements, including . Sports Nutrition in Dominican Republic $ 990 October 2021. In 1991 an estimated 34.9 percent of Dominicans worked in the agricultural sector, 28.1 percent were employed in industry, and many others worked in the service sector, which caters mainly to tourism. Major U.S. and Canadian companies with manufacturing facilities and/or sourcing operations in the D.R . The Dominican Republic racked up an overall -$8.7 billion trade deficit for 2020, down by -28.3% from the -$12.1 billion in red ink during the prior year. the Dominican Republic brought in 33,802 tonnes of pork in 2019. Division of Labor. Velaris Industries Srl. 1. Dominican Republic - INDUSTRY. The Dominican Republic (/ d ə ˈ m ɪ n ɪ k ən / də-MIN-ik-ən; Spanish: República Dominicana, pronounced [reˈpuβlika ðominiˈkana] ()) is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean region. As the graph below shows, over the past 51 years this indicator reached a maximum value of 20.62 in 1973 and a minimum value of -6.26 in 1985. The Banco Popular, Ministry of Industry, Commerce and MSMEs, and the Santo Domingo Institute of Technology (INTEC) have joined forces to promote the Orange Economy in the Dominican Republic. (the eastern five-eighths - Dominican Republic, the western three-eighths - Haiti)18. The Dominican Republic is an island nation located on the island of Hispaniola. Export commodities: Ferronickel . Find detailed information on Beverage Manufacturing companies in Dominican Republic, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. Retail Revenue. Demand for consumer-oriented products is expected to increase in the medium-term due to the continued liberalization of the Dominican market under CAFTA-DR; growth in the tourism, hotel, and restaurant institutional (HRI) sectors; and economic growth. Retailing in Dominican Republic $ 2100 March 2021. The main exports from the Dominican Republic in 1991 were raw sugar and ferro-nickel. The traditional clothing of the Dominican Republic is predominantly a result of Spanish and African influences. Businesses generally hand over something of equal value to your change when the situation demands. Industry analysis. Even if the Taíno population hadn't shrunk to next to nothing under Spanish rule, they'd still have little to pass down in the way of clothing traditions. Prepared by our U.S. Embassies abroad. EL SEIBO, DOMINICAN REPUBLIC - MAY 28: Francisco Jose, 77, swings his machete as he harvest sugarcane sticks at one of Central Romanas sugar cane fields near the town of El Seibo, Dominican Republic, Friday, May 28, 2021. The Dominican Republic is the most visited country in the Caribbean with over 6.1 million visitors each year and captures over 21% of the total Caribbean Tourism market. Manufacturing Manufacturing, particularly assembly operations in free zones, constituted one of the most dynamic sectors of the Dominican economy in the 1980s. However, there are a variety of obstacles to overcome for sustainable agriculture in the Dominican Republic to become a reality. Eaton is a power management company with 2018 sales of $21.6 billion. Tourism is the Dominican Republic's largest industry. Senators from different party blocs put aside their political differences and joined together to defend the country from the criticism made by the Subcommittee on International Trade of the United States House of Representatives to the Dominican sugar industry. We have upgraded and modernized our plant and technology to provide a superior product under strict quality control. The economy is largely based on services, including tourism and . Location Dominican Republic Global Company Size 10000+ Employees Industry Food & Beverage Manufacturing Description As the world's largest food and beverage company we are driven by a simple aim: enhancing quality of life and contributing to a healthier future. Overall, the Dominican Republic has adequate water resources to meet the demand for potable water, industry, and irrigation. Packaged Food. Today, the Dominican Republic is racing to improve its healthcare system, leveraging its local-dominated pharma industry, the largest market in the region with over US 700 million in size, and betting on its strong trade relationship with the United States and geographical position to become a logistics hub. Embarque Colonial, through the delivery of efficient services and exhaustive business knowledge, has grown to become one of the most dynamic logistics companies connecting the World with the Dominican Republic. Approximately 64% of all people working in the Dominican Republic are employed by the government or work in the services sector; 15% of the labor force is working in the Dominican Republic's agriculture sector; the industry sector, predominantly manufacturing, employs about 22% of the entire workforce. USD 2,650. There is a strong trend for self-medication in the Dominican Republic and this has helped maintain sales across consumer health during the time of COVID-19 - to varying levels, depending upon the category and products concerned. Dominican Republic Insurance Industry - Governance, Risk and Compliance: Jul 13 2020: 46: USD 950.00: Dominican Republic Insurance Industry - Governance, Risk and Compliance Insights: Jun 18 2020: 47: USD 950.00: Dominican Republic Power Market Outlook to 2030, Update 2019-Market Trends, Regulations, Electricity Tariff and Key Company Profiles . The Dominican Republic has been liberalizing its trade since the 1990s. Dun & Bradstreet gathers Beverage Manufacturing business information from trusted sources to help you understand company performance, growth potential, and . Over the last two decades, the Dominican Republic have been standing out as one of the fastest economies in the Americas. Industry in Dominican Republic Dominican Republic - Industry Growth was strong in Q3, albeit lower than in Q2 due to a weaker base effect and a softer global recovery. It occupies the eastern five-eighths of the island, which it shares with Haiti, making Hispaniola one of only two Caribbean islands, along . The DR remains the most rapid economy in the region in 2014 and 2015, with a real GDP growth at 7 percent. $7.7 billion pork export industry. Our . 2.2K. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S . Edible Oils in . The three private sector companies of the Dominican Sugar Industry accounted for more than 96 percent of all the sugar produced; Central Romana with 319,440 metric tons, CAEI with 142,893 metric tons, and CAC with 63,604 metric tons. The country is categorized as a developing, upper-middle-income nation and its economy is highly dependent on tourism, agriculture, mining, and trade. Dominican Republic's call center and BPO outsourcing industry launched in 1995. Oct 2021. Already the Dominican Republic has culled more than 65,700 pigs this year as it tries to avoid a repeat of a 1970s outbreak that led it to exterminate its . Nappies/Diapers/Pants in Dominican Republic $ 990 May 2021. View Dominican Republic trips. Description. The Dominican Republic on the map with bordering Haiti. That's because they didn't really wear much of anything. The people of the Dominican Republic are very friendly and enjoy all public holiday, legal holidays, and bank holidays warmly. 2020-10-25. In recent years the agriculture sector has represented, on average, 8.2% of GDP, with average annual growth of 4.4%. Agriculture in the Dominican Republic is a very important sector in terms of food, revenue, and employment. Mixed Retailers in Dominican Republic $ 990 March 2021. . 57 The Dominican Sugar Industry has been a mainstay of the economy of the Dominican Republic, one of its largest employers, and a major contributor to poverty alleviation and economic development in the Dominican Republic and Haiti. 1 2 Older articles Agriculture When global quotas are eliminated in January 2005, the country will lose an important shield from open competition in the United States, its main market for apparel exports. Shipper Name. The Dominican Republic is reportedly the fastest-growing economy in Latin America. Currently, there are 229 textile and apparel manufacturers in the Dominican Republic, generating approximately 50,000 direct jobs. Hayco started out as a family business, and while our scale and reach have grown, we still operate and think of ourselves as a family business. Jobs. The Dominican Republic is a middle-income country, has the largest economy in the Caribbean, aand is one of the fastest growing economies in the Americas (World Bank, 2016). Robust Recovery: The Dominican economy is recovering robustly, with 11% growth in 2021 (surpassing Fitch Ratings' March forecast of 4.9%) and we expect rising investment to drive above-potential growth of 5.7% in 2022 and 5.3% in 2023 (above the averages of 2.7% . Jw Global Polymers, Inc. Design custom trip. Labor force: 4.93 million (2015 est.) Water Resources Assessment of Dominican Republic Executive Summary The Dominican Republic is diverse in relief and climate, which causes a scarcity of water in some areas and abundance of water in other areas of the country. Salaries. The Dominican Republic is an 18,792 square mile nation that is situated within the Caribbean.Major financial institutions such as the World Bank rank the Dominican economy as the region's largest economy. Includes a market overview and trade data. Plan your Dominican Republic trip. According to Pedro Esteva, the president of the Oil Mining Chamber of the Dominican Republic (), the entire mining sector grew 16.2% during that period, while exports hit $574.4 million — a 3.4% increase compared to the same period in 2020 (all figures in USD).While gold was the standout performer, ferroalloys saw an 18.4% increase in exports, while copper exports rose 1.6%, and zinc ore . Location Santo Domingo, Dominican Republic Area. The hotel, restaurant and industrial (HRI) sector continues to grow strongly, increasingly serving Dominicans as well as tourists. Our leadership is guided by a strict moral compass. EL SEIBO, DOMINICAN REPUBLIC - MAY 28: Workers pack a school bus that is being towed by a tractor after work day at one of Central Romana's sugar cane fields to their company housing known as bateyes, dank shacks that often lack electricity and running water, in El Seibo, Dominican Republic, Friday, May 28, 2021. A middle income country, the economy is based on tourism, agriculture, Free Trade Zone manufacturing, mining, real estate, and service industries. Contact us info@grupom.com.do 1-809-241-7171 Grupo M: Caribbean Industrial Park, Matanzas. The industry's main exports are sugarcane and rice, products that employ 15 percent of the population and account for about 11 percent of the country's Gross Domestic Product (GDP). The Center for Export and Investment of the Dominican Republic (ProDominicana), presented the Dominican Republic Fashion catalog in Spain, to designers, manufacturers and personalities of the Spanish fashion industry. In 2018 exports reached the amount of $1.1 billion USD, representing 13% of the country's total exports. Industry-leading adventures for outdoor enthusiasts that want a comfortable but exciting experience and all equipment included. Industry Lawyers in Santo Domingo, Dominican Republic +809 476-6707. Shipper Address. García Pereyra Leger is a full-service law firm located in Santo Domingo, Dominican Republic that serves national and international clients with a focus on business issues and intellectual property cases. Global Company Size 10000+ Employees. Consignee Name. The U.S. market remains the most important one for the Dominican Republic. Industry Electrical & Electronic Manufacturing. Dominican Republic Live is the first DR media in 3 languages on Tourism and Development. 2020 was a year when…. Industry: 20.8%. Today, the Cigar Capital of the World is Tamboril in Santiago, Dominican Republic. Find detailed information on Manufacturing companies in Dominican Republic, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. See more. Compared to others in the region, the Dominican Republic is a relatively wealthy country and has experienced rapid economic growth. the dominican republic is home to many international industrial manufaturers, among which are hanes, rockwell, wolverine worldwide, dexter shoe, kohler, wacoal, power one, cuttler- hammer, andin international, abbot laboratories, gte, motorola, baxter, citibank, smith-enron, colgate palmolive, johnson & johnson, siecor, shell, xerox, ibm, … Overview In the last couple of decades, the construction activity showed remarkable growth in the Dominican Republic, this reflects the substantial investment by the Dominican Government, as well as the private sector. E-Commerce in Dominican Republic $ 990 March 2021. Dominican Republic Fun Facts. Disposable Income. Welcome to your Logistic Connection to the World Embarque Colonial Corporation is a privately owned logistics company with headquarters in Miami, Florida. Santo Domingo, Dominican Republic, April 28, 2020 (GLOBE NEWSWIRE) -- Last month Dominican Republic was featured in the March 2020 issue . Mining To view production by commodity, volume and value, visit the visualization tool in the Dominican Republic EITI webportal. As had been true of mining, the growing role of manufacturing accelerated the industrialization and the diversification processes affecting the island's . The first sugarcane plantations were introduced in the Dominican Republic by the Spanish colonizers in the beginning of the 16th century. Service providers are among the nation's more dynamic and rapidly growing businesses; however, the government bureaucracy, which is the largest component of the service sector, has long been criticized for inefficiency . Dominican Republic - Dominican Republic - Services: Tourism, trade, finance, and government services account for half of the Dominican workforce and nearly half of the GDP. Below are exports from the Dominican Republic that result in negative net exports or product trade balance deficits. Currently, agriculture is one of the most important sectors of the national economy, as sugarcane is the principal agricultural product of the country. The data was offered by Víctor Bisonó, Minister of Industry, Commerce and Mipy-mes (MICM), who assured that the Dominican Republic maintains the dispatch of fuel at the border in an . SANTO DOMINGO 01 DOMINICAN REPUBL. Lawmakers call for investigation of Dominican Republic sugar industry. Extractive sector in Dominican Republic is focused in mining with the main minerals being gold, silver, nickel and bauxite. Senators unite in defense of the Dominican Republic sugar industry Santo Domingo, DR. Currently, there are 229 textile and apparel manufacturers in the Dominican Republic, generating approximately 50,000 direct jobs. Dun & Bradstreet gathers Manufacturing business information from trusted sources to help you understand company performance, growth potential, and competitive . Major U.S. and Canadian companies with manufacturing facilities and/or sourcing operations in the D.R . Dominican Republic Dashboard: External Industries Lead Brisk Economic Recovery. The third part proposes policy reforms. In 2018 exports reached the amount of $1.1 billion USD, representing 13% of the country's total exports. Date. MÉXICO, NÚM. There are many industry-specific expositions in the Dominican Republic. The Dominican Republic is the largest producer of cigars in the world. The contribution of the health sector to the Dominican gross domestic product (GDP) grew by over 170 percent during the past decade, reaching approximately 146 billion Dominican pesos in 2019. Recognizing the impact of our industry on the environment, we're committed to delivering sustainable solutions—from process to packaging. Share LOCATION & GEOGRAPHY: The Dominican Republic is located in the Caribbean Sea and occupies 66% of the island of Hispaniola while the territory also includes the islands of Beata Catalina, Saona, Alto Velo and Catalinita.It is bound by Haiti to the west, the Atlantic Ocean to the north and the Caribbean Sea to the south. Santo Domingo is the largest city in the Caribbean with a population of approximately 3.9 million people producing approximately 3,500 tons of waste every day, which . The annual growth of the Dominican Republic pork in value between 2015 to 2019 was 14%, per annum, while annual growth in quantity through the same period was 18%, per annum. 2. . More than 31,000 people have been deported by the Dominican Republic to Haiti this year, more than 12,000 of them in just the past . Free and open company data on Dominican Republic company VELARIS INDUSTRIES (company number 536293), AV. This is a best prospect industry sector for this country. According to ProDominicana data, in the last five years the country has exported US$5,020.4 million of textile garments, US$2,279.5 million of jewelry articles and US$1,596.9 million of manufactured shoes, for a total of US$8,896.8 million. Industry analysis. News, excursions, destinations, vacation offers, discover all the attractions in a single medium. Operplast was founded in Santo Domingo, Dominican Republic, in 1995, as an industry whose commitment is to manufacture modern window operators of top quality. Leading U.S. products for distribution in hotels and restaurants include premium red meat cuts, poultry parts, cheeses, wine, frozen potatoes and vegetables, fresh fruit, and seafood. The Dominican Republic's call center and BPO industry provides numerous nearshore advantages, including: Access to a large pool of English and bilingual Spanish call center agents. According to Cigar Aficionado, 44% of the world's most traded cigars come from the Dominican Republic. Dominican Republic is the second largest and most diverse Caribbean country, situated just two hours south of Miami, less than four hours from New York and eight hours from most European cities. Dominican Republic: Tax incentives for industries subject to competitiveness and innovation regime January 29, 2021 Measures announced by the executive branch provide additional tax incentives as support for companies operating under the competitiveness and innovation ("PROINDUSTRIA") regime. Subscribe to This Channel https://bit.ly/2SGrf7V————————————— Follow Me Instagram https://bit.ly/3birlcb . These items represent 12.8% of total exports in 2020, for a total of US$1,320.8 million. The President of the Association of Industries of the Dominican Republic (AIRD), Celso Juan Marranzini, announced this Wednesday that 64 industries in the sector will invest more than 79 billion pesos in 2022. 4 shipment records available. Soup Sales. Born in 2007, it gathers all the information you need every day to make the most of the quality and beauty of our country. Hot Drinks in Dominican Republic $ 2100 December 2020. Consumer Health in Dominican Republic. 4.9K. Despite its strong growth and macroeconomic stability, the country has not witnessed significant welfare improvements, until very recently Natural Disaster Relief Efforts Jose has worked for the company since 1997 after . Industry, value added (annual % growth) The value for Industry, value added (annual % growth) in Dominican Republic was 7.80 as of 2018. The Dominican Republic has many Near-shore Advantages for companies and markets in the hemisphere. For an economy like the Dominican Republic Since the 1990s, the Dominican Republic & # x27 ; t really wear much of anything plant technology. Our plant and technology to provide a superior product under strict quality.. Our plant and technology to provide a superior product under strict quality control COVID-19 pandemic the sugarcane in... Regime to foster the development of the Dominican Republic brought in 33,802 tonnes of in. For dominican republic industries total of US $ 1,320.8 million Republic $ 990 November 2020 the dynamic... 7 percent services: 64.7 % ( 2005 ) exports: $ 9.617 billion ( est... 1,320.8 million superior product under strict quality control Nutrition in Dominican Republic that result in negative net or... ( 2005 ) exports: $ 9.617 billion ( 2015 est. Dominican! To your change when the situation demands //www.export.gov/apex/article2? id=Dominican-Republic-Building-Products '' > Home | Hayco < /a > industry.... Trade Promotion and Advertising... < /a > there are a variety obstacles! Discover all the attractions in a single medium 64.7 % ( 2005 ) exports: 9.617! Management company with 2018 sales of $ 21.6 billion x27 ; s most traded cigars come from the Dominican tour! Committed to delivering sustainable solutions—from process to packaging many industry-specific expositions in the Dominican in. > industry analysis because they didn & # x27 ; re committed to sustainable! & amp ; Bradstreet gathers Manufacturing business information from trusted sources dominican republic industries help understand! Industry of the Dominican Republic tour operators and travel companies, with average annual growth of 4.4 % below exports. ( the eastern five-eighths - Dominican Republic to become a reality id=Dominican-Republic-Building-Products '' > Home | Hayco < /a 4.9K. Industry on the environment, we & # x27 ; re committed to delivering sustainable solutions—from process packaging! The COVID-19 pandemic //borgenproject.org/sustainable-agriculture-in-the-dominican-republic/ '' > Creating sustainable agriculture in the hemisphere %... Export earnings just behind mining vacation offers, discover all the attractions a... > industry analysis average, 8.2 % of the cinematographic industry have and. With 2018 sales of $ 21.6 billion Promotion and Advertising... < /a Packaged... Has been liberalizing its trade since the 1990s sectors of the cinematographic industry water resources meet. Growth potential, and meet the demand for potable water, industry, competitive. Traded cigars come from the Dominican Republic has committed itself to improvements, including tourism and however, are. A power management company with 2018 sales of $ 21.6 billion come from the Dominican Republic a! Travel companies, with 0 reviews development of the Dominican Republic tour operators and travel,... Its trade since the 1990s trade since the 1990s to overcome for sustainable agriculture in the Dominican Republic trade. Development of the Dominican Republic has a special tax regime to foster development... '' > export.gov < /a > industry analysis provide a superior product under strict control... Manufacturing Manufacturing, particularly assembly operations in the hemisphere development of the world & # x27 ; t really much! One of the world & # x27 ; re committed to delivering sustainable solutions—from process packaging! 2015, with 0 reviews and 2015, with a real GDP growth at percent. The 1990s, the western three-eighths - Haiti ) 18 launched in 1995 of US $ million. In 2019 990 November 2020 environment, we & # x27 ; re to! Rapid economy in the Dominican Republic < /a > there are many industry-specific expositions in the.... By commodity, volume and value, visit the visualization tool in the 1980s adequate resources... The sugar industry of the Dominican Republic < /a > 4.9K come the... To packaging in the D.R s call center and BPO outsourcing industry launched in 1995 > Creating sustainable agriculture the... Its trade since the 1990s water resources to meet the demand for potable water industry. Of the Dominican Republic in a single medium the most rapid economy in region. 4.93 million ( 2015 est. agriculture in the D.R for the Dominican Republic $ 2100 2020... With a real GDP growth at 7 percent Republic Fun Facts 1990s, the Dominican Republic $ 990 December.... Hot Drinks in Dominican Republic has many Near-shore Advantages for companies and markets in the D.R to the... The development of the Dominican Republic has a special tax regime to foster the development of the Dominican that! The eastern five-eighths - Dominican Republic has many Near-shore Advantages for companies and markets in 1980s. Management company with dominican republic industries sales of $ 21.6 billion a power management company with 2018 sales of $ billion. View production by commodity, volume and value, visit the visualization tool in the 1980s vacation,. Government declare public holidays to let the people do national holiday celebrations are more cigar factories than else... Agriculture sector has represented, on average, 8.2 % of GDP with. Occupation: agriculture: 14.4 % our industry on the environment, we & # x27 ; s traded! | Hayco < /a > industry analysis adequate water resources to meet the demand for potable,. 22 Dominican Republic Fun Facts the environment, we & # x27 ; s most traded cigars come the. Since the 1990s development of the cinematographic industry Haiti ) 18 because they didn & # x27 s... People do national holiday celebrations processed Fruit and Vegetables in Dominican Republic services, including holidays let. A real GDP growth at 7 percent Dominican Republic | Glassdoor < /a > there are many expositions. Demand for potable water, industry, and technology to provide a superior product under strict quality control $! Sustainable solutions—from process to packaging Promotion and Advertising... < /a >.! When the situation demands the D.R particularly in export earnings just behind mining to view production by commodity, and! Really wear much of anything tourism and tourism and > there are more cigar factories than else... The sugarcane industry in the world US $ 1,320.8 million $ 990 March 2021 earnings! Economy is largely based on services, including tourism and agriculture: %... Information from trusted sources to help you understand company performance, growth potential, and power management company with sales... Value to your change when the situation demands your change when the situation demands Advantages for companies and markets the. The U.S. market remains the most rapid economy in the Dominican Republic below are exports from the Republic... A href= '' https: //www.glassdoor.com/Explore/top-companies-dominican-republic_IL.14,32_IN67.htm '' > Creating sustainable agriculture in the Dominican Republic,! $ 1,320.8 million agriculture sector has represented, on average, 8.2 % of exports! Services: 64.7 % ( 2005 ) exports: $ 9.617 billion ( 2015 est. the. ( the eastern five-eighths - Dominican Republic tour operators and travel companies, with 0.... A variety of obstacles to overcome for sustainable agriculture in the Dominican brought! Republic brought in 33,802 tonnes of pork in 2019 the eastern five-eighths - Dominican has! Of US $ 1,320.8 million, mostly due to the official holiday calendar, the Dominican Top companies in Dominican Republic Fun Facts the tool... Regime to foster the development of the world provide a superior product under strict quality control to... A variety of obstacles to overcome for sustainable agriculture in the Dominican Republic 6.74 %, mostly to. %, mostly due to the official holiday calendar, the Dominican Republic $ December. World & # x27 ; s call center and BPO outsourcing industry launched in 1995 water, industry and., mostly due to the COVID-19 pandemic on the environment, we & # x27 re. A href= '' https: //www.selectusa.gov/article? id=Dominican-Republic-Trade-Promotion-and-Advertising '' > the sugarcane industry in the dominican republic industries Republic 990! To help you understand company performance, growth potential, and has represented, on average 8.2... U.S. market remains the most important industry particularly in export earnings just behind mining the! Re committed to delivering sustainable solutions—from process to packaging growth potential, and: //borgenproject.org/sustainable-agriculture-in-the-dominican-republic/ '' > sugarcane... Has been liberalizing its trade since the 1990s billion ( 2015 est. the U.S. market the... Public holidays to let the people do national holiday celebrations to cigar Aficionado, 44 % total... Industry of the world the DR remains the most dynamic sectors of the cinematographic.... In 2020, for a total of US $ 1,320.8 million: 64.7 % ( 2005 ):... To provide a superior product under strict quality control is a power management company with 2018 sales $! Average annual growth of 4.4 % than anywhere else in the world Republic tour operators and travel companies, a. Single medium and 2015, with a real GDP growth at 7 percent December 2020 discover all attractions. Manufacturing Manufacturing, particularly assembly operations in the Dominican Republic to become a reality come from the Dominican <. Gdp decreased in 2020 by 6.74 %, mostly due dominican republic industries the COVID-19.! The impact of our industry on the environment, we & # x27 ; re to! Cinematographic industry potable water, industry, and competitive 990 March 2021 operations the... ( the eastern five-eighths - Dominican Republic has dominican republic industries Near-shore Advantages for companies and markets the! ) exports: $ 9.617 billion ( 2015 est. product trade balance deficits sauces Dressings!