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2023
Flag → Flag
Exports $2.69MRnk 81 / 166
2023
Flag → Flag
Top Product $1.45MPackaged Medicaments
2023
Flag → Flag
Exports $12.9MRnk 30 / 136
2023
Flag → Flag
Top Product $6.01MSoybean Oil
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC $10,718CURRENT US$
Rnk 87 / 195
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Dominican Republic-Bolivia Trade: In 2023, Dominican Republic exported $2.69M to Bolivia. The main products that Dominican Republic exported to Bolivia were Packaged Medicaments ($1.45M), Pencils and Crayons ($234k), and Hard Liquor ($193k). Over the past 5 years the exports of Dominican Republic to Bolivia have increased at an annualized rate of 11.5%, from $1.56M in 2018 to $2.69M in 2023.

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

Bolivia-Dominican Republic Trade: In 2023, Bolivia exported $12.9M to Dominican Republic. The main products that Bolivia exported to Dominican Republic were Soybean Oil ($6.01M), Sawn Wood ($2.25M), and Seed Oils ($1.12M). Over the past 5 years the exports of Bolivia to Dominican Republic have increased at an annualized rate of 32%,  from $3.23M in 2018 to $12.9M in 2023.

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

Comparison: In 2023,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $2.69M to Bolivia. The main products exported from Dominican Republic to Bolivia were Packaged Medicaments ($1.45M), Pencils and Crayons ($234k), and Hard Liquor ($193k). During the last 5 years the exports of Dominican Republic to Bolivia have increased at an annualized rate of 11.5%, from $1.56M in 2018 to $2.69M in 2023.

In 2018, Bolivia exported $12.9M to Dominican Republic. The main products exported from Bolivia to Dominican Republic were Soybean Oil ($6.01M), Sawn Wood ($2.25M), and Seed Oils ($1.12M). During the last 5 years the exports of Bolivia to Dominican Republic have increased at an annualized rate of 32%, from $3.23M in 2023 to $12.9M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Bolivia Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Dominican Republic than Bolivia included United States ($7.08B), Switzerland ($885M), and Haiti ($856M).

In 2023, countries that imported more from Bolivia than Dominican Republic included Brazil ($1.54B), Argentina ($1.15B), and India ($1.33B).

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

Comparative Advantage Dominican Republic - Bolivia

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Bolivia in the exports of Chemical Products ($1.53M), Miscellaneous ($340k), and Foodstuffs ($236k).

During 2018, Bolivia had a large net trade with Dominican Republic in the exports of Animal and Vegetable Bi-Products ($7.13M), Wood Products ($2.67M), and Machines ($1.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Bolivia+$481kRolled Tobacco
Top Product Potential Bolivia Dominican Republic+$136kRefined Petroleum

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 Dominican Republic and Bolivia. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Dominican Republic.

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

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