Sunday, November 28, 2010

The Dominican and Haiti are tied in so many ways. This trade debt is just one of the many ways.
Exports to Haiti exceed US$700m
Dominican exports to Haiti continue to grow at a sustained rate and will pass the US$700 million mark this year, according to official projections. As of 30 September, Dominican exports to the neighboring country reached US$658.2 million, according to official figures from the Dominican Republic Center for Export and Investment (CEI-RD). During 2008 exports from the DR to Haiti climbed to US$565.2 million, while last year the total reached US$647.5 million, an increase of US$82.3 million or about 14.5%. As of 30 September 2010, the Dominican exports have increased by US$10.7 million compared to the US$647.5 million of last year, an increase of 1.7%.
Exports to Haiti are led by cotton fabric, with a value of US$139 million, followed by pajamas and men's clothing from synthetic fibers for US$61.3 million, and flour for US$37.3 million. Other leading products are cement, US$30.7 million, foodstuffs, US$21.1 million, rebar worth US$18.8 million, fertilizers valued at US$18.5 million and used clothing said to be worth US$3.6 million. Also on the list are diarrhea medicines, US$15.8 million, gasoline worth US$11.8 million, diesel for US$8.5 million, plantains valued at US$2.8 million, and bottled water for US$7.9 million. The country also exported plastic bags, sheets of tin roofing and chicken stock cubes.

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