NUESTRAS NOTICIAS

CEI-RD presents accomplishments of the exporting sector at ADOEXPO luncheon

Fecha de publicación: 27 July, 2016

DR exports increase 14% in 4 years of Government, while decreasing in the rest of the world.

Santo Domingo. The Dominican Exporters Association (ADOEXPO, for its initials in Spanish), held its annual luncheon on July 27th of this year, in the Garden Tent of the Embajador Hotel. Participating as the main speaker of the event was the Executive Director of the Export and Investment Center of the Dominican Republic (CEI-RD, for its initials in Spanish), Jean Rodriguez, with the lecture titled: “Made in DR: Promoting Dominican Exports”.

For his part, opening remarks were delivered by Mr. Alvaro Sousa, President of ADOEXPO, who stated that the country needs to continue working to increase our export markets, as well as to diversify our export goods, while pointing out that “those who most benefit from the promotion and training carried out by the CEI-RD are the small and medium exporters, and this is precisely what our country needs, new exporting companies that can grow”.

In his main speech, the CEI-RD’s director, Jean Rodriguez, highlighted the work the government has been doing for the last 4 years on behalf of this sector, including having achieved a fivefold increase in annual trainings and doubling our participation in promotional fairs. Additionally, he highlighted the great and positive impact of the DR Exports Fair, held last month in Sansouci, where over 3,900 business meetings took place, resulting in USD$522 million in trade.

The Dominican Republic succeeds in the world of exports

Rodriguez highlighted data published by the ECLAC, the Central Bank, and the CEI-RD, which show a 14% increase in Dominican exports over the last four years, rising from US$8.3 billion dollars in 2011, to US$9.5 billion in 2015, and showing significant contrast to other regions and the global average.

In that regard, according to WTO data, during the last four years, North America did not see a significant increase in exports, and Asia, the world’s great exporter, showed a decrease. During the same quarter, Africa suffered a reduction of over 36%, while Europe fell over 10% and Central and South America fell sharply with a reduction of nearly 30%. Similarly, CARICOM countries have seen a drop of almost 39%. On a global level, the world average shows a drop of more than 10%.

Sales on the rise

Furthermore, he explained that machine-made cigars rose from US$9.1 Billion in 2011 to US$441.5 Billion in 2015, for an increase of 4,738.9%; passion fruit rose from US$42.6 Million in 2011 to US$651 Million en el 2015, for an increase of 1,430.1%.

Likewise, ginger rose from US$18. Million in 2011 to US$110 Million in 2015, for an increase of 512.9%; leaf tobacco for cigars rose from US$5.1 Billion in 2011 to US$23.8 billion in 2015, for an increase of 360.5%.

Mangoes increased from US$6.8 Billion in 2011 to US$15.7 in 2015, for an increase of 130.2%; Pineapples from US$3.2 Billion in 2011 to US$5.0 in 2015, for an increase of 53.6%. Bananas increased from US$156.5 Billion in 2011 to US$226.5 in 2015, for an increase of 44.7%; cocoa beans increased from US$175.6 Billion in 2011 to US$250.3 in  2015, for an increase of 42.6%.

Finally, sweet potatoes rose from US$4.6 Billion in 2011 to US$5.9 in 2015, for an increase of 26.8% and Portland cement rose from US$77.9 Billion in 2011 to US$90.1 Billion in 2015, for an increase of 15.7%.

 

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