DR An ideal nearshoring for destination

1,581 million

According to the Inter-American Development Bank (IDB), the potential benefits of nearshoring opportunities in Latin America and the Caribbean could reach up to $78 billion in new exports of goods and services in the short to medium term. Industries such as medical devices, textiles, pharmaceuticals, and renewable energy are among those with significant potential for growth. Specifically, the IDB estimates that the Dominican Republic could see a gain of $1.581 billion from nearshoring opportunities.

This is due to the country's cost advantages, skilled workforce, and strong logistics and transportation network. With its prime geographical location, favorable trade agreements with key partners, and a robust legal framework and tax incentives designed to promote the growth of various strategic industries, the Dominican Republic is emerging as a top destination for companies seeking to relocate their operations closer to consumer markets and reduce costs and risks associated with increased tariffs and logistical delays. Its position as a logistics and industrial hub in the heart of the Caribbean allows for quick and easy access to European and North American markets. The country boasts world-class logistics infrastructure, including the most connected airport in the Caribbean and daily flights to the United States and Europe, as well as the third-best maritime connectivity in the region and the seventh-largest multimodal seaport in Latin America. Additionally, the Dominican Republic is home to the second-largest container traffic in the Caribbean and the eighth-largest in the Latin America and Caribbean region, making it an ideal location for businesses seeking unparalleled logistical connectivity that ensures timely delivery of goods regardless of origin or destination.