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2023
Flag → Flag
Exports $71.5MRnk 18 / 166
2023
Flag → Flag
Top Product $21.6MMedical Instruments
2023
Flag → Flag
Exports $19.6MRnk 131 / 217
2023
Flag → Flag
Top Product $4.2MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195

About

Dominican Republic-Singapore Trade: In 2023, Dominican Republic exported $71.5M to Singapore. The main products that Dominican Republic exported to Singapore were Medical Instruments ($21.6M), Other Plastic Products ($10.9M), and Bandages ($9.36M). Over the past 5 years the exports of Dominican Republic to Singapore have increased at an annualized rate of 15.3%, from $35M in 2018 to $71.5M in 2023.

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

Singapore-Dominican Republic Trade: In 2023, Singapore exported $19.6M to Dominican Republic. The main products that Singapore exported to Dominican Republic were Packaged Medicaments ($4.2M), Uncoated Paper ($2.15M), and Tissue ($1.16M). Over the past 5 years the exports of Singapore to Dominican Republic have decreased at an annualized rate of 13.6%,  from $40.7M in 2018 to $19.6M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $71.5M to Singapore. The main products exported from Dominican Republic to Singapore were Medical Instruments ($21.6M), Other Plastic Products ($10.9M), and Bandages ($9.36M). During the last 5 years the exports of Dominican Republic to Singapore have increased at an annualized rate of 15.3%, from $35M in 2018 to $71.5M in 2023.

In 2018, Singapore exported $19.6M to Dominican Republic. The main products exported from Singapore to Dominican Republic were Packaged Medicaments ($4.2M), Uncoated Paper ($2.15M), and Tissue ($1.16M). During the last 5 years the exports of Singapore to Dominican Republic have decreased at an annualized rate of 13.6%, from $40.7M in 2023 to $19.6M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Singapore Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Dominican Republic than Singapore included Haiti ($856M), Jamaica ($115M), and Cuba ($49.9M).

In 2023, countries that imported more from Singapore than Dominican Republic included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

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

Comparative Advantage Dominican Republic - Singapore

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Singapore in the exports of Instruments ($26.9M), Plastics and Rubbers ($10.9M), and Chemical Products ($9.91M).

During 2018, Singapore had a large net trade with Dominican Republic in the exports of Chemical Products ($5.35M), Machines ($3.96M), and Paper Goods ($3.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Singapore+$12MMedical Instruments
Top Product Potential Singapore Dominican Republic+$2.21MRefined 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 Singapore. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Dominican Republic.

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

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