Canada (CAN) and Dominican Republic (DOM) Trade | The Observatory of Economic Complexity

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Canada (CAN) and Dominican Republic (DOM) Trade

2022

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Exports $427MRnk 46 / 215

2022

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About

Canada-Dominican Republic Trade: In 2022, Canada exported $427M to Dominican Republic. The main products that Canada exported to Dominican Republic were Wheat ($203M), Fish: dried, salted, smoked or in brine ($31.5M), and Vaccines, blood, antisera, toxins and cultures ($19.7M). Over the past 5 years the exports of Canada to Dominican Republic have increased at an annualized rate of 15.7%, from $206M in 2017 to $427M in 2022.

In 2022, Canada did not export any services to Dominican Republic.

Dominican Republic-Canada Trade: In 2022, Dominican Republic exported $247M to Canada. The main products that Dominican Republic exported to Canada were Low-voltage Protection Equipment ($35.4M), Petroleum Gas ($34.6M), and Medical Instruments ($20.9M). Over the past 5 years the exports of Dominican Republic to Canada have decreased at an annualized rate of 23.3%, from $931M in 2017 to $247M in 2022.

In 2022, Dominican Republic did not export any services to Canada.

Comparison: In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$22M and imported C$30.7M from Dominican Republic, resulting in a negative trade balance of C$8.71M. Between August 2023 and August 2024 the exports of Canada have increased by C$10.6M (93.5%) from C$11.4M to C$22M, while imports increased by C$5.62M (22.4%) from C$25.1M to C$30.7M.

Trade In August 2024, the top exports of Canada to Dominican Republic were Fish: dried, salted, smoked or in... (C$5.07M), Rubberworking Machinery (C$1.17M), Liquid Pumps (C$825k), Potatoes (C$812k), and Centrifuges (C$624k). In August 2024 the top imports of Canada from Dominican Republic were Medical Instruments (C$6.63M), Low-voltage Protection Equipment (C$4.54M), Brooms (C$1.63M), Rolled Tobacco (C$1.29M), and Other Vegetables (C$1.28M).

Origins In August 2024 the exports of Canada were mainly from Saskatchewan (C$4.98M), Ontario (C$4.36M), Alberta (C$3.76M), Quebec (C$3M), and New Brunswick (C$2.92M), while imports destinations were mainly Ontario (C$22.8M), Quebec (C$4.86M), Nova Scotia (C$1.1M), Manitoba (C$583k), and British Columbia (C$583k).

Growth In August 2024, the increase in Canada's year-by-year exports to Dominican Republic was explained primarily by an increase in product exports in Rubberworking Machinery (C$1.11M or 2.1k%), Insulated Wire (C$465k or 3.3k%), and Potatoes (C$430k or 112%). In August 2024, the increase in Canada's year-by-year imports from Dominican Republic was explained primarily by an increase in product imports in Medical Instruments (C$2.4M or 56.8%), Brooms (C$915k or 129%), and Knit T-shirts (C$533k or 166%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)C$10.6M(93.5%)

IMPORT GROWTH (August 2023 - August 2024)C$5.62M(22.4%)

MAIN EXPORTER (August 2024)SaskatchewanC$4.98M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Dominican Republic and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Canada exported $427M to Dominican Republic. The main products exported from Canada to Dominican Republic were Wheat ($203M), Fish: dried, salted, smoked or in brine ($31.5M), and Vaccines, blood, antisera, toxins and cultures ($19.7M). During the last 5 years the exports of Canada to Dominican Republic have increased at an annualized rate of 15.7%, from $206M in 2017 to $427M in 2022.

In 2017, Dominican Republic exported $247M to Canada. The main products exported from Dominican Republic to Canada were Low-voltage Protection Equipment ($35.4M), Petroleum Gas ($34.6M), and Medical Instruments ($20.9M). During the last 5 years the exports of Dominican Republic to Canada have decreased at an annualized rate of 23.3%, from $931M in 2022 to $247M in 2017.

Exports from Canada () to Dominican Republic () (2022)

Exports from Dominican Republic () to Canada () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$438B

Dominican Republic
Top DestinationUnited States$6.85B

This map shows whether countries import more from Canada or Dominican Republic. Each country is colored based on the difference in imports they receive from Canada and Dominican Republic or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Dominican Republic included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Dominican Republic than Canada included Haiti ($1.02B), Honduras ($54.6M), and Turks and Caicos Islands ($24.4M).

Difference in imports from Dominican Republic () and Canada () (2022)

Comparative Advantage Canada - Dominican Republic

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Canada and Dominican Republic by product, considering products traded by both, Canada and Dominican Republic.

During 2022, Canada had a large net trade with Dominican Republic in the exports of Vegetable Products ($213M), Machines ($46.5M), and Animal Products ($45.2M).

During 2017, Dominican Republic had a large net trade with Canada in the exports of Machines ($66.5M), Instruments ($40.3M), and Mineral Products ($34.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada Dominican Republic+$9.27MCars

Top Product Potential Dominican Republic Canada+$27.9MMedical Instruments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Canada and Dominican Republic. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Dominican Republic. Similarly, a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Canada.

Product Space of Canada () and Dominican Republic () (2022)

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