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2023
Flag → Flag
Exports $34.8MRnk 33 / 166
2023
Flag → Flag
Top Product $9.58MPackaged Medicaments
2023
Flag → Flag
Exports $136MRnk 30 / 174
2023
Flag → Flag
Top Product $65.1MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Dominican Republic-Ecuador Trade: In 2023, Dominican Republic exported $34.8M to Ecuador. The main products that Dominican Republic exported to Ecuador were Packaged Medicaments ($9.58M), Scented Mixtures ($6.13M), and Low-voltage Protection Equipment ($5.66M). Over the past 5 years the exports of Dominican Republic to Ecuador have increased at an annualized rate of 7.59%, from $24.1M in 2018 to $34.8M in 2023.

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

Ecuador-Dominican Republic Trade: In 2023, Ecuador exported $136M to Dominican Republic. The main products that Ecuador exported to Dominican Republic were Raw Tobacco ($65.1M), Plastic Pipes ($7.95M), and Cut Flowers ($6.67M). Over the past 5 years the exports of Ecuador to Dominican Republic have increased at an annualized rate of 9.85%,  from $84.9M in 2018 to $136M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $34.8M to Ecuador. The main products exported from Dominican Republic to Ecuador were Packaged Medicaments ($9.58M), Scented Mixtures ($6.13M), and Low-voltage Protection Equipment ($5.66M). During the last 5 years the exports of Dominican Republic to Ecuador have increased at an annualized rate of 7.59%, from $24.1M in 2018 to $34.8M in 2023.

In 2018, Ecuador exported $136M to Dominican Republic. The main products exported from Ecuador to Dominican Republic were Raw Tobacco ($65.1M), Plastic Pipes ($7.95M), and Cut Flowers ($6.67M). During the last 5 years the exports of Ecuador to Dominican Republic have increased at an annualized rate of 9.85%, from $84.9M in 2023 to $136M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Ecuador Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Dominican Republic than Ecuador included Haiti ($856M), Switzerland ($885M), and South Korea ($236M).

In 2023, countries that imported more from Ecuador than Dominican Republic included China ($7.96B), Panama ($4.38B), and United States ($8.34B).

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

Comparative Advantage Dominican Republic - Ecuador

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Ecuador in the exports of Chemical Products ($20.6M), Machines ($7.21M), and Foodstuffs ($3.22M).

During 2018, Ecuador had a large net trade with Dominican Republic in the exports of Foodstuffs ($73.6M), Machines ($12.1M), and Plastics and Rubbers ($11.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Ecuador+$3.73kMedical Instruments
Top Product Potential Ecuador Dominican Republic+$6.52kCrude 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 Ecuador. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Dominican Republic.

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

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