The free zone sector grew 6.6% in the first nine months of 2022

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

The first quarter grew +7.5%, the second +9.8%, and the third quarter +2.6%, according to figures provided by the Central Bank of the Dominican Republic (BCRD).

As for exports from free zones, they had an approximate value of US$6,000 million, for an increase of 11.7% compared to 2021, which was worth approximately US$5,300 million.

The president of the Adozona, Luis José Bonilla Bojos, said that each year the free zone sector is more competitive and stronger. “The results have been exceeding our projections, I think this is a sign of the resilience of the free zones, their importance, and that the sector is definitely a pillar of the economy of the Dominican Republic,” said Bonilla Bojos.

The quarterly results in terms of exports, according to the BCRD, would be the following: first quarter-2022: value exported goes from US$1,646.3 million (2021) to US$1,865.6 million (2022) equivalent to a growth of +13.3%; second quarter-2022: export value goes from US$1,806.9 million (2021) to US$2,092.9 million (2022) equivalent to a growth of +15.8%; and third quarter-2022: export value goes from US$1,863.2 million (2021) to US$1,979.9 million (2022) equivalent to a growth of +6.3%.

Currently, the free zone sector has 740 companies and 81 industrial parks in operation, which is an example of the commitment to exports as the basis of the country’s economic growth, both by the private sector and the Government.

The Dominican Republic exports products to more than 135 countries, and in several of these they have reached the category of world leaders.

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