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2022
Flag → Flag
Exports $1.53MRnk 95 / 163
2022
Flag → Flag
Top Product $577kTextile Footwear
2022
Flag → Flag
Exports $10.1MRnk 80 / 194
2022
Flag → Flag
Top Product $2.08MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 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$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Dominican Republic-Sri Lanka Trade: In 2022, Dominican Republic exported $1.53M to Sri Lanka. The main products that Dominican Republic exported to Sri Lanka were Textile Footwear ($577k), Cigarette Paper ($447k), and Tulles and Net Fabric ($356k). Over the past 5 years the exports of Dominican Republic to Sri Lanka have decreased at an annualized rate of 23.3%, from $5.76M in 2017 to $1.53M in 2022.

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

Sri Lanka-Dominican Republic Trade: In 2022, Sri Lanka exported $10.1M to Dominican Republic. The main products that Sri Lanka exported to Dominican Republic were Raw Tobacco ($2.08M), Non-Retail Synthetic Filament Yarn ($1.74M), and Other Knit Garments ($905k). Over the past 5 years the exports of Sri Lanka to Dominican Republic have increased at an annualized rate of 28.9%,  from $2.84M in 2017 to $10.1M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $1.53M to Sri Lanka. The main products exported from Dominican Republic to Sri Lanka were Textile Footwear ($577k), Cigarette Paper ($447k), and Tulles and Net Fabric ($356k). During the last 5 years the exports of Dominican Republic to Sri Lanka have decreased at an annualized rate of 23.3%, from $5.76M in 2017 to $1.53M in 2022.

In 2017, Sri Lanka exported $10.1M to Dominican Republic. The main products exported from Sri Lanka to Dominican Republic were Raw Tobacco ($2.08M), Non-Retail Synthetic Filament Yarn ($1.74M), and Other Knit Garments ($905k). During the last 5 years the exports of Sri Lanka to Dominican Republic have increased at an annualized rate of 28.9%, from $2.84M in 2022 to $10.1M in 2017.

Exports from Dominican Republic (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Dominican Republic (Flag) (2022)

Latest Data

Trade between Dominican Republic (Flag) and Sri Lanka (Flag)

Dominican Republic Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Sri Lanka
Top DestinationUnited States$3.52B

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

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

In 2022, countries that imported more from Sri Lanka than Dominican Republic included United Kingdom ($1.04B), India ($1.12B), and Germany ($881M).

Difference in imports from Sri Lanka (Flag) and Dominican Republic (Flag) (2022)

Comparative Advantage Dominican Republic - Sri Lanka

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Sri Lanka in the exports of Footwear and Headwear ($577k), Paper Goods ($467k), and Textiles ($360k).

During 2017, Sri Lanka had a large net trade with Dominican Republic in the exports of Textiles ($3.71M), Foodstuffs ($2.17M), and Machines ($1.07M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Sri Lanka+$3.19kGold
Top Product Potential Sri Lanka Dominican Republic+$2.68kCrude 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 Sri Lanka. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Sri Lanka. Similarly, a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Dominican Republic.

Product Space of Dominican Republic (Flag) and Sri Lanka (Flag) (2022)

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