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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Dominican Republic exports to grow 7%: IDB

Friday, December 19, 2014 > 09:28:57
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(Dominican Today)

Dominican Republic exports will grow around 7% this year beating most of Latin America, projected to fall around 1.4 percent in 2014.

In a study the Inter-American Development Bank (IDB) said LatAm would end with sales of US$1.05 trillion, a figure which poses the first contraction in the region’s exports since trade plunged in 2009.

The report "Estimates of Latin America trade trends 2014" says in 2014 only exports from Mexico (+5%) and Central America, and Dominican Republic (+ 3%) grew at rates slightly higher than world trade and benefiting from a resurging US market.

In the Dominican case, the IDB says growth of 7% (RD$8.5 billion) is strongly influenced by gold shipments expanding 35% in 2014.

Imports

Latin American imports shrank 2% in 2014, evidencing a slumped growth of the region’s economies.


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