2023
Flag  
GDP
$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH
93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP
$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH
84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC 
$10,718CURRENT US$
Rnk 87 / 195
2013-2023
Flag
GDP PC GROWTH
74.3%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC
$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH
71.5%CURRENT US$
Rnk 24 / 195

About

Dominican Republic-Nepal Trade: In 2022, Dominican Republic exported $363k to Nepal. The main products that Dominican Republic exported to Nepal were N/A. Over the past 5 years the exports of Dominican Republic to Nepal have increased at an annualized rate of 16.2%, from $171k in 2017 to $363k in 2022.

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

Nepal-Dominican Republic Trade: In 2022, Nepal exported $41.8k to Dominican Republic. The main products that Nepal exported to Dominican Republic were Interior Decorative Glassware ($20.1k), Valves ($10.5k), and Processed Crustaceans ($4.38k). Over the past 5 years the exports of Nepal to Dominican Republic have increased at an annualized rate of 2.57%,  from $36.8k in 2017 to $41.8k in 2022.

In 2022, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $363k to Nepal. There were not main exports from Dominican Republic to Nepal in 2022. During the last 5 years the exports of Dominican Republic to Nepal have increased at an annualized rate of 16.2%, from $171k in 2017 to $363k in 2022.

In 2018, Nepal exported $41.8k to Dominican Republic. The main products exported from Nepal to Dominican Republic were Interior Decorative Glassware ($20.1k), Valves ($10.5k), and Processed Crustaceans ($4.38k). During the last 5 years the exports of Nepal to Dominican Republic have increased at an annualized rate of 2.57%, from $36.8k in 2023 to $41.8k in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Date

Market Competitiveness

Color
Dominican Republic
Top Destination
United States$7.08B
Nepal
Top Destination
India$811M

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

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

In 2023, countries that imported more from Nepal than Dominican Republic included India ($811M), Denmark ($7.42M), and Hungary ($592k).

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

Comparative Advantage Dominican Republic - Nepal

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Nepal in the exports of .

During 2018, Nepal had a large net trade with Dominican Republic in the exports of Stone And Glass ($20.1k), Machines ($12.2k), and Foodstuffs ($4.38k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Nepal+$523kMedical Instruments
Top Product Potential Nepal Dominican Republic+$2.14kPalm Oil

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Dominican Republic and Nepal. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Dominican Republic.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with