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Pricing

2022
Flag → Flag
Exports $50.2MRnk 28 / 163
2022
Flag → Flag
Top Product $11.8MPackaged Medicaments
2022
Flag → Flag
Exports $286MRnk 11 / 162
2022
Flag → Flag
Top Product $18.5MCleaning Products
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 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$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Dominican Republic-Guatemala Trade: In 2022, Dominican Republic exported $50.2M to Guatemala. The main products that Dominican Republic exported to Guatemala were Packaged Medicaments ($11.8M), Low-voltage Protection Equipment ($6.66M), and Polyacetals ($6.37M). Over the past 5 years the exports of Dominican Republic to Guatemala have increased at an annualized rate of 15.2%, from $24.8M in 2017 to $50.2M in 2022.

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

Guatemala-Dominican Republic Trade: In 2022, Guatemala exported $286M to Dominican Republic. The main products that Guatemala exported to Dominican Republic were Cleaning Products ($18.5M), Dental Products ($17.4M), and Packaged Medicaments ($16.9M). Over the past 5 years the exports of Guatemala to Dominican Republic have increased at an annualized rate of 13.7%,  from $150M in 2017 to $286M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $50.2M to Guatemala. The main products exported from Dominican Republic to Guatemala were Packaged Medicaments ($11.8M), Low-voltage Protection Equipment ($6.66M), and Polyacetals ($6.37M). During the last 5 years the exports of Dominican Republic to Guatemala have increased at an annualized rate of 15.2%, from $24.8M in 2017 to $50.2M in 2022.

In 2017, Guatemala exported $286M to Dominican Republic. The main products exported from Guatemala to Dominican Republic were Cleaning Products ($18.5M), Dental Products ($17.4M), and Packaged Medicaments ($16.9M). During the last 5 years the exports of Guatemala to Dominican Republic have increased at an annualized rate of 13.7%, from $150M in 2022 to $286M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Guatemala Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Dominican Republic than Guatemala included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

In 2022, countries that imported more from Guatemala than Dominican Republic included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

Comparative Advantage Dominican Republic - Guatemala

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Guatemala in the exports of Chemical Products ($13.9M), Plastics and Rubbers ($10.3M), and Machines ($8.01M).

During 2017, Guatemala had a large net trade with Dominican Republic in the exports of Chemical Products ($99.3M), Foodstuffs ($85.2M), and Animal and Vegetable Bi-Products ($31.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Guatemala+$1.52MLow-voltage Protection Equipment
Top Product Potential Guatemala Dominican Republic+$1.63MPlastic Lids

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

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

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