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The economy of the Dominican Republic, which is the third-largest market for U.S. consumer-oriented products in the Western Hemisphere and the 15th globally for agricultural and related products, has bounced back due to the opening of the tourism, hotel, and restaurant sectors. During the first 10 months of 2022, the demand for consumer-oriented products increased over 20 percent from the same period last year.

Post maintains the projections for 2021/22 and updates MY 2022/23 with an optimistic outlook on production resulting from good weather conditions and an improved labor situation.

Malaysia retail food and HRI sector is expected to grow by 7.8 percent in 2023. U.S. exporters will see excellent opportunities in the retail food and food processing sectors as the country’s economy rebounds strongly after the COVID-19 pandemic shutdowns.