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2023
Flag → Flag
Exports $200kRnk 100 / 160
2023
Flag → Flag
Top Product $194kMedical Instruments
2023
Flag → Flag
Exports $913kRnk 100 / 166
2023
Flag → Flag
Top Product $337kOther Plastic Products
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

North Macedonia-Dominican Republic Trade: In 2023, North Macedonia exported $200k to Dominican Republic. The main products that North Macedonia exported to Dominican Republic were Medical Instruments ($194k), Electrical Transformers ($4.51k), and Electrical Control Boards ($964). Over the past 5 years the exports of North Macedonia to Dominican Republic have increased at an annualized rate of 45.7%, from $30.5k in 2018 to $200k in 2023.

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

Dominican Republic-North Macedonia Trade: In 2023, Dominican Republic exported $913k to North Macedonia. The main products that Dominican Republic exported to North Macedonia were Other Plastic Products ($337k), Medical Instruments ($190k), and Special Pharmaceuticals ($177k). Over the past 5 years the exports of Dominican Republic to North Macedonia have decreased at an annualized rate of 6.05%,  from $1.33M in 2018 to $913k in 2023.

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

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $200k to Dominican Republic. The main products exported from North Macedonia to Dominican Republic were Medical Instruments ($194k), Electrical Transformers ($4.51k), and Electrical Control Boards ($964). During the last 5 years the exports of North Macedonia to Dominican Republic have increased at an annualized rate of 45.7%, from $30.5k in 2018 to $200k in 2023.

In 2018, Dominican Republic exported $913k to North Macedonia. The main products exported from Dominican Republic to North Macedonia were Other Plastic Products ($337k), Medical Instruments ($190k), and Special Pharmaceuticals ($177k). During the last 5 years the exports of Dominican Republic to North Macedonia have decreased at an annualized rate of 6.05%, from $1.33M in 2023 to $913k in 2018.

Exports from North Macedonia (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to North Macedonia (Flag) (2023)

Latest Data

Trade between North Macedonia (Flag) and Dominican Republic (Flag)

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$4B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from North Macedonia than Dominican Republic included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

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

Difference in imports from Dominican Republic (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Dominican Republic

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Dominican Republic in the exports of Instruments ($194k), Machines ($5.91k), and Textiles ($48).

During 2018, Dominican Republic had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($338k), Instruments ($223k), and Chemical Products ($216k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Dominican Republic+$74.2kIron Structures
Top Product Potential Dominican Republic North Macedonia+$235kMedical 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 North Macedonia and Dominican Republic. This means that a dot/product with the flag of North Macedonia 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 North Macedonia.

Product Space of North Macedonia (Flag) and Dominican Republic (Flag) (2023)

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