Dominican Exports to Turkey Up 23%
- Bilateral trade boosted by strategic partnerships and diversification of export offerings.
- Exports from the Dominican Republic to Türkiye saw a notable increase of 23% in 2024, reaching a record $35.6 million, according to the Turkey Statistics Institute (Turkstat).
- This growth highlights the strengthening commercial relationship between the two countries, driven by the diversification of exports and increased value in Dominican products.
Dominican Republic‘s Exports to Türkiye surge to Record High
Table of Contents
- Dominican Republic’s Exports to Türkiye surge to Record High
- Dominican republic exports to Türkiye: A Q&A Guide
- Key Questions and Answers
- What was the total value of Dominican Republic exports to Türkiye in 2024?
- What factors have contributed to the growth of Dominican Republic exports to Türkiye?
- what are the primary export sectors driving growth?
- how has commercial promotion helped boost exports?
- What are the future opportunities for Dominican Republic exports to Türkiye?
- Comparison of Key Export Sectors (2021 vs. 2024)
- Key Questions and Answers
Bilateral trade boosted by strategic partnerships and diversification of export offerings.
Exports from the Dominican Republic to Türkiye saw a notable increase of 23% in 2024, reaching a record $35.6 million, according to the Turkey Statistics Institute (Turkstat).
This growth highlights the strengthening commercial relationship between the two countries, driven by the diversification of exports and increased value in Dominican products.
Key Export Sectors
Optical products led the increase, generating $12.9 million, a 58% increase compared to 2021. Tobacco exports grew by 139%,reaching $6.2 million. Cocoa bean sales also reached a historic high of $6.1 million.
Commercial Promotion and Diplomacy
The increase in exports resulted from an active strategy of promotion and commercial diplomacy. The dominican Embassy in Turkey collaborated with Turkish government and business entities, including the Ministry of Agriculture, Turkish Airlines, and the Ankara Chamber of Commerce, to strengthen the presence of Dominican products in the Turkish market. Participation in trade events such as Emitt, Agroexpo, ITF Istanbul, and Travelexpo Ankara also contributed to this growth.
Future Opportunities
Continuous collaboration between trade promotion agencies and the Embassy in Türkiye is considered essential to expanding commercial opportunities. Since 2022, commercial missions have been conducted, including a visit by Turkish textile entrepreneurs to the Dominican Republic in 2023, opening new avenues for bilateral trade.
Plans for 2025 include consolidating the network of contacts in Türkiye,further diversifying export offerings,and promoting participation in trade fairs and events. The possibility of establishing a direct flight between the two countries is also under evaluation to facilitate trade and tourism by reducing transit costs and times.
Dominican republic exports to Türkiye: A Q&A Guide
This article provides a comprehensive overview of teh Dominican Republic’s exports to Türkiye, covering key sectors, growth drivers, and future opportunities.
Key Questions and Answers
What was the total value of Dominican Republic exports to Türkiye in 2024?
In 2024, exports from the Dominican Republic to Türkiye reached a record high of $35.6 million. This represents a 23% increase compared to the previous year, according to data from the Turkey Statistics institute (Turkstat).
What factors have contributed to the growth of Dominican Republic exports to Türkiye?
The surge in exports is attributed to several key factors:
diversification of Exports: The Dominican Republic has broadened it’s range of exported goods, catering to a wider range of Turkish market demands.
Increased Value of Products: Dominican products are becoming more valuable in the Turkish market, which contributes to the increase in export revenue.
Strategic Partnerships and Commercial Diplomacy: The Dominican Embassy in Turkey actively collaborates with the Turkish government and business entities to promote Dominican products. This includes participation in trade events and commercial missions.
what are the primary export sectors driving growth?
Several sectors have experienced notable growth:
Optical Products: This sector led the increase, generating $12.9 million in revenue, a 58% increase compared to 2021.
Tobacco: Exports of tobacco grew significantly, reaching $6.2 million, marking a 139% increase.
Cocoa Beans: Cocoa bean sales also reached a historic high,generating $6.1 million.
how has commercial promotion helped boost exports?
An active strategy of promotion and commercial diplomacy has been crucial:
Collaboration: The Dominican Embassy in Turkey has worked closely with the Turkish government, including the Ministry of Agriculture, and also Turkish Airlines and the Ankara Chamber of Commerce.
Trade Events: participation in trade events such as Emitt, agroexpo, ITF Istanbul, and travelexpo Ankara has increased the visibility of Dominican products in the Turkish market.
Commercial Missions: Commercial missions have been conducted since 2022, including a visit by Turkish textile entrepreneurs to the dominican Republic in 2023, opening new avenues for bilateral trade.
What are the future opportunities for Dominican Republic exports to Türkiye?
Several initiatives are planned to further enhance trade:
Continued Collaboration: Ongoing collaboration between trade promotion agencies and the Dominican Embassy in Türkiye is considered essential.
Diversification: Plans include further diversifying export offerings to meet evolving market demands.
Trade Fairs: Promoting participation in trade fairs and events is a priority.
* Direct Flights: the possibility of establishing a direct flight between the two countries is under evaluation to facilitate trade and tourism by reducing transit costs and travel times.
Comparison of Key Export Sectors (2021 vs. 2024)
| Export Sector | 2021 Revenue | 2024 Revenue | % Change |
| :—————– | :———– | :———– | :——- |
| Optical Products | – | $12.9M | 58% |
| tobacco | – | $6.2M | 139% |
| Cocoa Beans | – | $6.1M | - |