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In 2016, the Dominican Republic was the fifth-largest market, valued at almost $484 million, for U.S. consumer-oriented products in the Western Hemisphere after Canada, Mexico, Colombia and Chile.
U.S. exports of consumer-oriented products to Aruba reached an all-time high of $74 million in 2016 and are on pace to reach another record level in 2017.
The United States exported over $1 Billion in U.S. consumer-oriented foods and fish products to the Caribbean Basin in 2016.
The Dominican Republic continues to be a strong market for U.S. bulk agricultural products (corn), intermediate goods (soybean meal), and high value consumer-oriented products....
Biotech regulations have been virtually non-existent in the Caribbean. However, that may change in the years ahead....
Beans have been historically one of the most important agricultural products in the southwest region of the Dominican Republic, and also an important part of the Dominican diet.
For Marketing Year 2017/2018 (MY17/18), Post forecasts overall production to be higher than MY16/17, at 590,000 MT due to favorable weather conditions.
Wheat consumption in the Dominican Republic (DR) during Marketing Year (MY) 2017/2018 (July 2017/ June 2018) is forecast at 410,000 metric tons (MT), with imports remaining strong at 530,000 MT.
Post forecast overall sugar production of 530,000 Metric Tons (MT) during Marketing Year (MY) 2017/2018 (October/September).
Driven by a dynamic tourism industry and solid domestic consumer demand, excellent opportunities exist for U.S. exporters in the DR’s food service sector.
The Dominican Republic is scheduling the import of Tariff Rate Quotas (TRQs) established under the CAFTA-DR for rice and powdered milk for Calendar Year 2017 (CY17).
U.S. exports of consumer-oriented products to Trinidad and Tobago have experienced ten percent average annual growth over the past five years, reaching an all-time-high of $237.7 million in 2015.