Dominican Republic: Food Service - Hotel Restaurant Institutional Annual

  |   Attaché Report (GAIN)   |   DR2024-0022

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Dominican Republic: Food Service - Hotel Restaurant Institutional Annual
The Dominican Republic (DR) remains one of the fastest-growing and most dynamic economies in Latin America and the Caribbean. It consistently ranks among the top three destinations for U.S. consumer-oriented products in the Western Hemisphere and has held the number two spot in Latin America since 2020, second only to Mexico. In 2023, U.S. exports of consumer-oriented products to the DR exceeded $1 billion for the second consecutive year, marking a 3-percent increase compared to 2022. For 2024, shipments are expected to outpace those of last year. From January to October 2024, U.S. exports in this category are up 9 percent compared to the same period in 2023. The hotel, restaurant, and institutional (HRI) sector has become the country's primary economic driver, backed by 10.3 million visitors reported in 2023 with estimates to reach 11.5 million in 2024.
Exporting
Western Hemisphere, Dominican Republic

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