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2023
Flag → Flag
Exports $444MRnk 5 / 166
2023
Flag → Flag
Top Product $333MGold
2023
Flag → Flag
Exports $492MRnk 96 / 220
2023
Flag → Flag
Top Product $93.2MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Dominican Republic-India Trade: In 2023, Dominican Republic exported $444M to India. The main products that Dominican Republic exported to India were Gold ($333M), Industrial Fatty Acids, Oils and Alcohols ($32.5M), and Cocoa Beans ($13.2M). Over the past 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 4.52%, from $560M in 2018 to $444M in 2023.

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

India-Dominican Republic Trade: In 2023, India exported $492M to Dominican Republic. The main products that India exported to Dominican Republic were Packaged Medicaments ($93.2M), Cars ($46M), and Crustaceans ($31.6M). Over the past 5 years the exports of India to Dominican Republic have increased at an annualized rate of 12.2%,  from $277M in 2018 to $492M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $444M to India. The main products exported from Dominican Republic to India were Gold ($333M), Industrial Fatty Acids, Oils and Alcohols ($32.5M), and Cocoa Beans ($13.2M). During the last 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 4.52%, from $560M in 2018 to $444M in 2023.

In 2018, India exported $492M to Dominican Republic. The main products exported from India to Dominican Republic were Packaged Medicaments ($93.2M), Cars ($46M), and Crustaceans ($31.6M). During the last 5 years the exports of India to Dominican Republic have increased at an annualized rate of 12.2%, from $277M in 2023 to $492M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

India Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Dominican Republic than India included Haiti ($856M), Turks and Caicos Islands ($21.6M), and Barbados ($21.6M).

In 2023, countries that imported more from India than Dominican Republic included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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 2023, Dominican Republic had a large net trade with India in the exports of Precious Metals ($334M), Metals ($37.2M), and Chemical Products ($33.2M).

During 2018, India had a large net trade with Dominican Republic in the exports of Chemical Products ($132M), Transportation ($87.1M), and Machines ($40.6M).

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) (2023)

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