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Pricing

2022
Flag → Flag
Exports $15.2kRnk 139 / 156
2022
Flag → Flag
Top Product $6.82kIntegrated Circuits
2022
Flag → Flag
Exports $22.5MRnk 44 / 163
2022
Flag → Flag
Top Product $12.8MLow-voltage Protection Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Kuwait-Dominican Republic Trade: In 2022, Kuwait exported $15.2k to Dominican Republic. The main products that Kuwait exported to Dominican Republic were Integrated Circuits ($6.82k), Lifting Machinery ($6.13k), and Knitted Hats ($502). Over the past 6 years the exports of Kuwait to Dominican Republic have decreased at an annualized rate of 11%, from $30.7k in 2016 to $15.2k in 2022.

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

Dominican Republic-Kuwait Trade: In 2022, Dominican Republic exported $22.5M to Kuwait. The main products that Dominican Republic exported to Kuwait were Low-voltage Protection Equipment ($12.8M), Medical Instruments ($3.8M), and Other Plastic Products ($2.23M). Over the past 6 years the exports of Dominican Republic to Kuwait have increased at an annualized rate of 25.1%,  from $7.34M in 2016 to $22.5M in 2022.

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

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $15.2k to Dominican Republic. The main products exported from Kuwait to Dominican Republic were Integrated Circuits ($6.82k), Lifting Machinery ($6.13k), and Knitted Hats ($502). During the last 6 years the exports of Kuwait to Dominican Republic have decreased at an annualized rate of 11%, from $30.7k in 2016 to $15.2k in 2022.

In 2017, Dominican Republic exported $22.5M to Kuwait. The main products exported from Dominican Republic to Kuwait were Low-voltage Protection Equipment ($12.8M), Medical Instruments ($3.8M), and Other Plastic Products ($2.23M). During the last 5 years the exports of Dominican Republic to Kuwait have increased at an annualized rate of 25.1%, from $7.34M in 2022 to $22.5M in 2017.

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

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

Latest Data

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

Kuwait Exports

Dominican Republic Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Kuwait than Dominican Republic included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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

Comparative Advantage Kuwait - Dominican Republic

Flow
Scale

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

During 2022, Kuwait had a large net trade with Dominican Republic in the exports of Machines ($13k), Metals ($544), and Footwear and Headwear ($502).

During 2017, Dominican Republic had a large net trade with Kuwait in the exports of Machines ($13.1M), Instruments ($4.11M), and Plastics and Rubbers ($2.25M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Dominican Republic+$16.6kLifting Machinery
Top Product Potential Dominican Republic Kuwait+$3.07MMedical Instruments

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

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

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