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2023
Flag → Flag
Exports $6.16MRnk 71 / 166
2023
Flag → Flag
Top Product $2.39MLow-voltage Protection Equipment
2023
Flag → Flag
Exports $27MRnk 149 / 159
2023
Flag → Flag
Top Product $3.89kPadlocks
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 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$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Dominican Republic-Kuwait Trade: In 2023, Dominican Republic exported $6.16M to Kuwait. The main products that Dominican Republic exported to Kuwait were Low-voltage Protection Equipment ($2.39M), Medical Instruments ($1.11M), and Other Plastic Products ($1.1M). Over the past 5 years the exports of Dominican Republic to Kuwait have decreased at an annualized rate of 2.91%, from $7.14M in 2018 to $6.16M in 2023.

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

Kuwait-Dominican Republic In N/A, Kuwait did not export any products to Dominican Republic.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $6.16M to Kuwait. The main products exported from Dominican Republic to Kuwait were Low-voltage Protection Equipment ($2.39M), Medical Instruments ($1.11M), and Other Plastic Products ($1.1M). During the last 5 years the exports of Dominican Republic to Kuwait have decreased at an annualized rate of 2.91%, from $7.14M in 2018 to $6.16M in 2023.

Kuwait does not register exports to Dominican Republic. The main products exported from Kuwait to Dominican Republic were Padlocks ($3.89k) and Copper Pipe Fittings ($27).

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

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

Latest Data

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

Dominican Republic Exports

Kuwait Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Dominican Republic than Kuwait included United States ($7.08B), Switzerland ($885M), and Haiti ($856M).

In 2023, countries that imported more from Kuwait than Dominican Republic included China ($17.4B), Japan ($9.13B), and India ($9.51B).

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

Comparative Advantage Dominican Republic - Kuwait

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Kuwait in the exports of Machines ($2.51M), Instruments ($1.17M), and Plastics and Rubbers ($1.13M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Kuwait+$3.07MMedical Instruments
Top Product Potential Kuwait Dominican Republic+$16.6kLifting Machinery

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

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

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