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2022
Flag → Flag
Exports $390MRnk 5 / 163
2022
Flag → Flag
Top Product $314MGold
2022
Flag → Flag
Exports $518MRnk 91 / 217
2022
Flag → Flag
Top Product $119MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Dominican Republic-India Trade: In 2022, Dominican Republic exported $390M to India. The main products that Dominican Republic exported to India were Gold ($314M), Cocoa Beans ($15.5M), and Ferroalloys ($12.4M). Over the past 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 8.11%, from $595M in 2017 to $390M in 2022.

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

India-Dominican Republic Trade: In 2022, India exported $518M to Dominican Republic. The main products that India exported to Dominican Republic were Packaged Medicaments ($119M), Semi-Finished Iron ($61.1M), and Crustaceans ($24.1M). Over the past 5 years the exports of India to Dominican Republic have increased at an annualized rate of 15.2%,  from $255M in 2017 to $518M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $390M to India. The main products exported from Dominican Republic to India were Gold ($314M), Cocoa Beans ($15.5M), and Ferroalloys ($12.4M). During the last 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 8.11%, from $595M in 2017 to $390M in 2022.

In 2017, India exported $518M to Dominican Republic. The main products exported from India to Dominican Republic were Packaged Medicaments ($119M), Semi-Finished Iron ($61.1M), and Crustaceans ($24.1M). During the last 5 years the exports of India to Dominican Republic have increased at an annualized rate of 15.2%, from $255M in 2022 to $518M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

India Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Dominican Republic than India included Haiti ($1.02B), Jamaica ($139M), and Turks and Caicos Islands ($24.4M).

In 2022, countries that imported more from India than Dominican Republic included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Dominican Republic - India

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with India in the exports of Precious Metals ($315M), Metals ($36.5M), and Foodstuffs ($15.5M).

During 2017, India had a large net trade with Dominican Republic in the exports of Chemical Products ($159M), Metals ($106M), and Transportation ($50M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic India+$85.2MGold
Top Product Potential India Dominican Republic+$18.2MCars

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

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

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