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2023
Flag → Flag
Exports $144MRnk 12 / 166
2023
Flag → Flag
Top Product $60.2MHard Liquor
2023
Flag → Flag
Exports $1.12BRnk 43 / 220
2023
Flag → Flag
Top Product $74.6MUnglazed Ceramics
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Dominican Republic-Spain Trade: In 2023, Dominican Republic exported $144M to Spain. The main products that Dominican Republic exported to Spain were Hard Liquor ($60.2M), Medical Instruments ($17.4M), and Cocoa Beans ($9.46M). Over the past 5 years the exports of Dominican Republic to Spain have decreased at an annualized rate of 3.52%, from $172M in 2018 to $144M in 2023.

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

Spain-Dominican Republic Trade: In 2023, Spain exported $1.12B to Dominican Republic. The main products that Spain exported to Dominican Republic were Unglazed Ceramics ($74.6M), Iron Structures ($60.7M), and Railway Passenger Cars ($44M). Over the past 5 years the exports of Spain to Dominican Republic have increased at an annualized rate of 6.73%,  from $812M in 2018 to $1.12B in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $144M to Spain. The main products exported from Dominican Republic to Spain were Hard Liquor ($60.2M), Medical Instruments ($17.4M), and Cocoa Beans ($9.46M). During the last 5 years the exports of Dominican Republic to Spain have decreased at an annualized rate of 3.52%, from $172M in 2018 to $144M in 2023.

In 2018, Spain exported $1.12B to Dominican Republic. The main products exported from Spain to Dominican Republic were Unglazed Ceramics ($74.6M), Iron Structures ($60.7M), and Railway Passenger Cars ($44M). During the last 5 years the exports of Spain to Dominican Republic have increased at an annualized rate of 6.73%, from $812M in 2023 to $1.12B in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Spain Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Dominican Republic than Spain included Haiti ($856M), Guyana ($72.5M), and Trinidad and Tobago ($51.1M).

In 2023, countries that imported more from Spain than Dominican Republic included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Dominican Republic - Spain

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Spain in the exports of Foodstuffs ($89.9M), Instruments ($19.4M), and Vegetable Products ($10.8M).

During 2018, Spain had a large net trade with Dominican Republic in the exports of Machines ($196M), Foodstuffs ($165M), and Metals ($149M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Spain+$16MMedical Instruments
Top Product Potential Spain Dominican Republic+$18.5MRefined 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 Spain. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Dominican Republic.

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

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