Free Zones grow 6.6% in nine months

The Dominican Association of Free Zones (Adozona) reported that in the first nine months of 2022 the performance of the sector showed a growth of 6.6%. 

The entity stated that the first quarter registered a growth of 7.5%, the second of 9.8%, Y the third quarter of 2.6%according to the figures offered by the Central Bank of the Dominican Republic (BCRD).

The exports reached an approximate value of US$6,000 million, for an increase of 11.7% compared to 2021, and an approximate value of US$5,300 million.

The president of the Adozona, Luis Jose Bonilla Bojos, expressed that each year the free zone sector is more competitive and stronger.

“The results have been exceeding our projections, I think this is a sample of the resilience of free zonesits importance, and that the sector is definitely a pillar of the economy of the Dominican Republic”, assured Bonilla Bojos.

In a note sent to the media, adozona refers that the quarterly results in terms of exports, according to the BCRD, indicate that the first quarter-2022, the value exported went from US$1,646.3 million (in 2021) to US$1,865.6 million (in 2022) equivalent to a growth of more than one 13.3%.

In the second quarter-2022, the value exported went from US$1,806.9 million (2021) to US$2,092.9 million (2022), equivalent to a growth of more than 15.8%, and in the third quarter-2022, the exported value exceeded US$1,863.2 million (2021) to US$1,979.9 million.

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