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2022
Flag → Flag
Exports $32.6MRnk 34 / 163
2022
Flag → Flag
Top Product $12.5MScrap Iron
2022
Flag → Flag
Exports $122MRnk 85 / 218
2022
Flag → Flag
Top Product $45.8MDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Dominican Republic-Thailand Trade: In 2022, Dominican Republic exported $32.6M to Thailand. The main products that Dominican Republic exported to Thailand were Scrap Iron ($12.5M), Medical Instruments ($6.33M), and Other Plastic Products ($5.95M). Over the past 5 years the exports of Dominican Republic to Thailand have increased at an annualized rate of 4%, from $26.8M in 2017 to $32.6M in 2022.

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

Thailand-Dominican Republic Trade: In 2022, Thailand exported $122M to Dominican Republic. The main products that Thailand exported to Dominican Republic were Delivery Trucks ($45.8M), Cars ($10.8M), and Processed Fish ($9.92M). Over the past 5 years the exports of Thailand to Dominican Republic have increased at an annualized rate of 9.39%,  from $77.9M in 2017 to $122M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $32.6M to Thailand. The main products exported from Dominican Republic to Thailand were Scrap Iron ($12.5M), Medical Instruments ($6.33M), and Other Plastic Products ($5.95M). During the last 5 years the exports of Dominican Republic to Thailand have increased at an annualized rate of 4%, from $26.8M in 2017 to $32.6M in 2022.

In 2017, Thailand exported $122M to Dominican Republic. The main products exported from Thailand to Dominican Republic were Delivery Trucks ($45.8M), Cars ($10.8M), and Processed Fish ($9.92M). During the last 5 years the exports of Thailand to Dominican Republic have increased at an annualized rate of 9.39%, from $77.9M in 2022 to $122M in 2017.

Exports from Dominican Republic (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Dominican Republic (Flag) (2022)

Latest Data

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

Dominican Republic Exports

Thailand Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Dominican Republic than Thailand included Haiti ($1.02B), Jamaica ($139M), and Cuba ($37.3M).

In 2022, countries that imported more from Thailand than Dominican Republic included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand (Flag) and Dominican Republic (Flag) (2022)

Comparative Advantage Dominican Republic - Thailand

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Thailand in the exports of Metals ($13.5M), Plastics and Rubbers ($6.55M), and Instruments ($6.37M).

During 2017, Thailand had a large net trade with Dominican Republic in the exports of Transportation ($58.2M), Machines ($19.4M), and Plastics and Rubbers ($17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Thailand+$5.97MMedical Instruments
Top Product Potential Thailand Dominican Republic+$10MCars

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

Product Space of Dominican Republic (Flag) and Thailand (Flag) (2022)

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