Country Profile

Capital Santo Domingo
Population 10.8M
GDP $124.3B (2024)
GDP per Capita $10,876
Income Level Upper-Middle Income
Currency Dominican peso (DOP $)
Language Spanish
Timezone UTC-04:00
Region North America · Caribbean

Trade Partners

Dominican Republic Exports To

  • USA 52.0%
  • Switzerland 7.0%
  • Haiti 6.0%
  • China 5.0%
  • India 3.0%

Key exports: medical instruments, tobacco, gold, garments, power equipment (2023)

Dominican Republic Imports From

  • USA 40.0%
  • China 18.0%
  • Brazil 4.0%
  • Spain 4.0%
  • Mexico 3.0%

Key imports: refined petroleum, cars, natural gas, plastic products, crude petroleum (2023)

Economic Overview

surging middle-income tourism, construction, mining, and telecommunications OECS economy; major foreign US direct investment and free-trade zones; developing local financial markets; improving debt management; declining poverty

Government: presidential republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Dominican Republic, providing preferential market access for UK exporters.

Trade Barriers

1 active barrier affecting UK exporters

Value Added Tax for mature cheese exported to the Dominican Republic

The General Directorate of Customs (DGA) and the General Directorate of Internal Revenue (DGII) in the Dominican Republic, currently exempt locally produced cheese from paying 'ITBIS' tax by classifying the product as fresh instead of matured cheese, whilst cheese of …

Sectors: Food and drink

Reported: 19 Aug 2020

Geographic Region

Export Guidance

Relevant guidance for exporting to Dominican Republic.

Start Your Export Journey

Also in This Region

Official Resources

Government export support for Dominican Republic.