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2023
Flag → Flag
Exports $106MRnk 69 / 217
2023
Flag → Flag
Top Product $40.5MMalt Extract
2023
Flag → Flag
Exports $5.65MRnk 74 / 166
2023
Flag → Flag
Top Product $2.62MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Denmark-Dominican Republic Trade: In 2023, Denmark exported $106M to Dominican Republic. The main products that Denmark exported to Dominican Republic were Malt Extract ($40.5M), Concentrated Milk ($18.7M), and Packaged Medicaments ($15.2M). Over the past 5 years the exports of Denmark to Dominican Republic have increased at an annualized rate of 5.12%, from $82.9M in 2018 to $106M in 2023.

In 2023, Denmark did not export any services to Dominican Republic.

Dominican Republic-Denmark Trade: In 2023, Dominican Republic exported $5.65M to Denmark. The main products that Dominican Republic exported to Denmark were Hard Liquor ($2.62M), Bananas ($2.32M), and Computers ($191k). Over the past 5 years the exports of Dominican Republic to Denmark have decreased at an annualized rate of 14.3%,  from $12.3M in 2018 to $5.65M in 2023.

In 2023, Dominican Republic did not export any services to Denmark.

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $106M to Dominican Republic. The main products exported from Denmark to Dominican Republic were Malt Extract ($40.5M), Concentrated Milk ($18.7M), and Packaged Medicaments ($15.2M). During the last 5 years the exports of Denmark to Dominican Republic have increased at an annualized rate of 5.12%, from $82.9M in 2018 to $106M in 2023.

In 2018, Dominican Republic exported $5.65M to Denmark. The main products exported from Dominican Republic to Denmark were Hard Liquor ($2.62M), Bananas ($2.32M), and Computers ($191k). During the last 5 years the exports of Dominican Republic to Denmark have decreased at an annualized rate of 14.3%, from $12.3M in 2023 to $5.65M in 2018.

Exports from Denmark (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Denmark (Flag) (2023)

Latest Data

Trade between Denmark (Flag) and Dominican Republic (Flag)

Denmark Exports

Dominican Republic Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Denmark than Dominican Republic included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

In 2023, countries that imported more from Dominican Republic than Denmark included Haiti ($856M), Jamaica ($115M), and Guyana ($72.5M).

Difference in imports from Dominican Republic (Flag) and Denmark (Flag) (2023)

Comparative Advantage Denmark - Dominican Republic

Flow
Scale

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

During 2023, Denmark had a large net trade with Dominican Republic in the exports of Foodstuffs ($43.7M), Animal Products ($22M), and Chemical Products ($21.2M).

During 2018, Dominican Republic had a large net trade with Denmark in the exports of Foodstuffs ($2.74M), Vegetable Products ($2.32M), and Machines ($334k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Dominican Republic+$1.81MCheese
Top Product Potential Dominican Republic Denmark+$658kHard Liquor

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

This visualization shows the product space at the HS4 level with the flags of Denmark and Dominican Republic. This means that a dot/product with the flag of Denmark 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 Denmark.

Product Space of Denmark (Flag) and Dominican Republic (Flag) (2023)

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