SANTO DOMINGO. - The Dominican exports of textile confections to the U.S. market continue to fall, posting 12.7 percent less in export volume and 25.5 percent less in value in the first quarter.
However the fall in the sale of garments contrasts with the favorable diversification of the country’s services sector, one of the ones which generate the most currency. These include tourism, call centers, among others.
Currently Dominican textile free zones’ participation has slipped from almost 60 percent to 32 percent, followed by 18.4 percent in medicine production, 16.6 percent in electrical products, 14.5 percent in jewelry, 5.7 percent in footwear, 8.7 percent in tobacco and derivatives, 13.1 percent in services and 9.9 percent in marketing.
According to the Major Garment Shippers Report to the U.S. market, Dominican Republic exported 180.7 million square meters of prepared textiles in the first quarter, a drop of -12.73 percent with respect to January-June 2007, whereas the exported value was US$417.3 million (- 25.5 percent).
Costa Rica, one of the country’s top competitors within the Free Trade Agreement, posted a fall of -21.99 percent and -19.15 percent in volume and value, respectively.