The Dominican Republic is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean region. The nation shares the island with Haiti, a country with which it shares the land border of the Dominican Republic–Haiti Border. The Dominican Republic has the ninth–largest economy in Latin America and is the largest in the Caribbean and Central American region. It is an upper–middle–income developing country primarily dependent on agriculture, mining, trade, and services. The service sector accounts for about two–thirds of GDP and is growing rapidly.
The Dominican Republic is the fifth–largest exporter of apparel in the world. The country‘s main trading partners are the United States, China, Haiti, Colombia, and Japan. The Dominican Republic is a member of the World Trade Organization (WTO) and the Central American Integration System (SICA). It is also a signatory to the Caribbean Community (CARICOM) and the Dominican Republic-Central America Free Trade Agreement (CAFTA–DR).
In 2018, the Dominican Republic‘s exports totaled $15.3 billion, while its imports totaled $32.1 billion. The country‘s top export categories were gold ($2.4 billion), silver ($1.9 billion), ferronickel ($1.6 billion), uncoated iron and steel sheets ($1.1 billion), and knit apparel ($1.1 billion). The top import categories were petroleum ($5.8 billion), passenger cars ($2.9 billion), trucks ($1.6 billion), medicaments ($1.6 billion), and broadcasting equipment ($1.2 billion).