The Dominican Republic mostly exports ferronickel, cigars, plastics, electrical equipment, bananas, jewellery, medical equipment, clothing, scrap metals and beverages. The Dominican Republic’s main exports partner is the United States, accounting for over 65 percent of total trade.

What are major imports?

Vehicles and automobiles – $130.6 billion. Medical equipment and supplies – $$89.6 billion. Plastics – $66.5 billion. Gems and precious metals – $63.8 billion.

Why is the Dominican Republic poor?

There are several causes of the country’s poverty, including natural disasters and government corruption. Jennifer Bencosme, a Dominican woman who spoke to The Borgen Project, explains her belief that many people want to leave the country to find better living and working conditions.

What kind of goods does the Dominican Republic import?

Main Imports. 1 1. Petroleum. The DR imports both crude and refined petroleum because their economy depends largely on manufacturing and mining. Both of these are oil 2 2. Cars. 3 3. Industrial raw materials.

How much does the US export to Dominican Republic?

In 2017 the United States exported cars worth $378 million into the country. That was almost 50% of the nation’s car imports. South Korea is another huge player in exporting cars into the Latin American country.

What is the economy of the Dominican Republic?

With billions of dollar in import and exports exchanging hands in the Dominican Republic, the country has become the eighth largest economy within Latin America. 60% of the country’s imports sustain the economy and livelihood of the local people.

Where does the Dominican Republic get its oil from?

Refined oil leads their petroleum import number making up 10% of the overall imports into the country. They import their oil from countries like Venezuela and Mexico. The country utilizes an estimated 37 thousand barrels per day of petroleum. 2. Cars