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2023
Flag → Flag
Exports $51.1MRnk 25 / 166
2023
Flag → Flag
Top Product $19.1MScented Mixtures
2023
Flag → Flag
Exports $608MRnk 20 / 183
2023
Flag → Flag
Top Product $190MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 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$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Dominican Republic-Colombia Trade: In 2023, Dominican Republic exported $51.1M to Colombia. The main products that Dominican Republic exported to Colombia were Scented Mixtures ($19.1M), Hard Liquor ($4.43M), and Medical Instruments ($4.24M). Over the past 5 years the exports of Dominican Republic to Colombia have decreased at an annualized rate of 0.27%, from $51.7M in 2018 to $51.1M in 2023.

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

Colombia-Dominican Republic Trade: In 2023, Colombia exported $608M to Dominican Republic. The main products that Colombia exported to Dominican Republic were Coal Briquettes ($190M), Palm Oil ($45.9M), and Refined Petroleum ($26.1M). Over the past 5 years the exports of Colombia to Dominican Republic have increased at an annualized rate of 11.7%,  from $349M in 2018 to $608M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $51.1M to Colombia. The main products exported from Dominican Republic to Colombia were Scented Mixtures ($19.1M), Hard Liquor ($4.43M), and Medical Instruments ($4.24M). During the last 5 years the exports of Dominican Republic to Colombia have decreased at an annualized rate of 0.27%, from $51.7M in 2018 to $51.1M in 2023.

In 2018, Colombia exported $608M to Dominican Republic. The main products exported from Colombia to Dominican Republic were Coal Briquettes ($190M), Palm Oil ($45.9M), and Refined Petroleum ($26.1M). During the last 5 years the exports of Colombia to Dominican Republic have increased at an annualized rate of 11.7%, from $349M in 2023 to $608M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Colombia Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Colombia
Top DestinationUnited States$14.8B

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 2023, countries that imported more from Dominican Republic than Colombia included Haiti ($856M), Switzerland ($885M), and Guyana ($72.5M).

In 2023, countries that imported more from Colombia than Dominican Republic included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

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 2023, Dominican Republic had a large net trade with Colombia in the exports of Chemical Products ($22.3M), Foodstuffs ($8.09M), and Plastics and Rubbers ($5.13M).

During 2018, Colombia had a large net trade with Dominican Republic in the exports of Mineral Products ($227M), Chemical Products ($86.9M), and Machines ($63M).

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) (2023)

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