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2022
Flag → Flag
Exports $67MRnk 22 / 163
2022
Flag → Flag
Top Product $16.1MScented Mixtures
2022
Flag → Flag
Exports $935MRnk 17 / 187
2022
Flag → Flag
Top Product $503MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Dominican Republic-Colombia Trade: In 2022, Dominican Republic exported $67M to Colombia. The main products that Dominican Republic exported to Colombia were Scented Mixtures ($16.1M), Refined Petroleum ($10.4M), and Hard Liquor ($7.7M). Over the past 5 years the exports of Dominican Republic to Colombia have increased at an annualized rate of 5.26%, from $51.9M in 2017 to $67M in 2022.

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

Colombia-Dominican Republic Trade: In 2022, Colombia exported $935M to Dominican Republic. The main products that Colombia exported to Dominican Republic were Coal Briquettes ($503M), Palm Oil ($52.9M), and Refrigerators ($31.7M). Over the past 5 years the exports of Colombia to Dominican Republic have increased at an annualized rate of 21%,  from $360M in 2017 to $935M in 2022.

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

Comparison: In 2022,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $67M to Colombia. The main products exported from Dominican Republic to Colombia were Scented Mixtures ($16.1M), Refined Petroleum ($10.4M), and Hard Liquor ($7.7M). During the last 5 years the exports of Dominican Republic to Colombia have increased at an annualized rate of 5.26%, from $51.9M in 2017 to $67M in 2022.

In 2017, Colombia exported $935M to Dominican Republic. The main products exported from Colombia to Dominican Republic were Coal Briquettes ($503M), Palm Oil ($52.9M), and Refrigerators ($31.7M). During the last 5 years the exports of Colombia to Dominican Republic have increased at an annualized rate of 21%, from $360M in 2022 to $935M in 2017.

Exports from Dominican Republic (Flag) to Colombia (Flag) (2022)

Exports from Colombia (Flag) to Dominican Republic (Flag) (2022)

Latest Data

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

Dominican Republic Exports

Colombia Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Dominican Republic than Colombia included Haiti ($1.02B), Switzerland ($1.08B), and Turks and Caicos Islands ($24.4M).

In 2022, countries that imported more from Colombia than Dominican Republic included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

Difference in imports from Colombia (Flag) and Dominican Republic (Flag) (2022)

Comparative Advantage Dominican Republic - Colombia

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Colombia in the exports of Chemical Products ($19.6M), Mineral Products ($13.8M), and Foodstuffs ($12.5M).

During 2017, Colombia had a large net trade with Dominican Republic in the exports of Mineral Products ($544M), Chemical Products ($95.4M), and Machines ($64.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Colombia+$6.75MMedical Instruments
Top Product Potential Colombia Dominican Republic+$19.6MRefined 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 Colombia. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Dominican Republic.

Product Space of Dominican Republic (Flag) and Colombia (Flag) (2022)

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