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2022
Flag → Flag
Exports $24.1MRnk 41 / 163
2022
Flag → Flag
Top Product $18MScrap Iron
2022
Flag → Flag
Exports $124MRnk 81 / 152
2022
Flag → Flag
Top Product $26.9MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Dominican Republic-Vietnam Trade: In 2022, Dominican Republic exported $24.1M to Vietnam. The main products that Dominican Republic exported to Vietnam were Scrap Iron ($18M), Medical Instruments ($2.15M), and Footwear Parts ($880k). Over the past 5 years the exports of Dominican Republic to Vietnam have decreased at an annualized rate of 10.6%, from $42.2M in 2017 to $24.1M in 2022.

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

Vietnam-Dominican Republic Trade: In 2022, Vietnam exported $124M to Dominican Republic. The main products that Vietnam exported to Dominican Republic were Broadcasting Equipment ($26.9M), Fish Fillets ($19.9M), and Coffee ($9.7M). Over the past 5 years the exports of Vietnam to Dominican Republic have increased at an annualized rate of 6.59%,  from $90.3M in 2017 to $124M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $24.1M to Vietnam. The main products exported from Dominican Republic to Vietnam were Scrap Iron ($18M), Medical Instruments ($2.15M), and Footwear Parts ($880k). During the last 5 years the exports of Dominican Republic to Vietnam have decreased at an annualized rate of 10.6%, from $42.2M in 2017 to $24.1M in 2022.

In 2017, Vietnam exported $124M to Dominican Republic. The main products exported from Vietnam to Dominican Republic were Broadcasting Equipment ($26.9M), Fish Fillets ($19.9M), and Coffee ($9.7M). During the last 5 years the exports of Vietnam to Dominican Republic have increased at an annualized rate of 6.59%, from $90.3M in 2022 to $124M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Dominican Republic than Vietnam included Haiti ($1.02B), Jamaica ($139M), and Honduras ($54.6M).

In 2022, countries that imported more from Vietnam than Dominican Republic included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Dominican Republic - Vietnam

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Vietnam in the exports of Metals ($18M), Instruments ($2.42M), and Textiles ($1.12M).

During 2017, Vietnam had a large net trade with Dominican Republic in the exports of Machines ($37.6M), Animal Products ($24.4M), and Vegetable Products ($18.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Vietnam+$3.09MMedical Instruments
Top Product Potential Vietnam Dominican Republic+$22.6MTelephones

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

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

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