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Pricing

2022
Flag → Flag
Exports $4.63MRnk 75 / 163
2022
Flag → Flag
Top Product $2.49MHard Liquor
2022
Flag → Flag
Exports $39MRnk 99 / 138
2022
Flag → Flag
Top Product $16.1MMalt
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Dominican Republic-Russia Trade: In 2022, Dominican Republic exported $4.63M to Russia. The main products that Dominican Republic exported to Russia were Hard Liquor ($2.49M), Iron Powder ($1.52M), and Scrap Plastic ($450k). Over the past 5 years the exports of Dominican Republic to Russia have decreased at an annualized rate of 27.8%, from $23.7M in 2017 to $4.63M in 2022.

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

Russia-Dominican Republic Trade: In 2022, Russia exported $39M to Dominican Republic. The main products that Russia exported to Dominican Republic were Malt ($16.1M), Mixed Mineral or Chemical Fertilizers ($4.51M), and Nitrogenous Fertilizers ($4.01M). Over the past 5 years the exports of Russia to Dominican Republic have decreased at an annualized rate of 1.84%,  from $42.7M in 2017 to $39M in 2022.

In 2020, Russia exported services to Dominican Republic worth $418k, with Transportation ($260k), Other business services ($83k), and Royalties and license fees ($32k) being the largest in terms of value.

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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $4.63M to Russia. The main products exported from Dominican Republic to Russia were Hard Liquor ($2.49M), Iron Powder ($1.52M), and Scrap Plastic ($450k). During the last 5 years the exports of Dominican Republic to Russia have decreased at an annualized rate of 27.8%, from $23.7M in 2017 to $4.63M in 2022.

In 2017, Russia exported $39M to Dominican Republic. The main products exported from Russia to Dominican Republic were Malt ($16.1M), Mixed Mineral or Chemical Fertilizers ($4.51M), and Nitrogenous Fertilizers ($4.01M). During the last 5 years the exports of Russia to Dominican Republic have decreased at an annualized rate of 1.84%, from $42.7M in 2022 to $39M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Russia Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Dominican Republic than Russia included Haiti ($1.02B), Jamaica ($139M), and Trinidad and Tobago ($63.1M).

In 2022, countries that imported more from Russia than Dominican Republic included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Dominican Republic - Russia

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Russia in the exports of Foodstuffs ($2.62M), Metals ($1.52M), and Plastics and Rubbers ($451k).

During 2017, Russia had a large net trade with Dominican Republic in the exports of Vegetable Products ($16.8M), Chemical Products ($14M), and Metals ($5.33M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Russia+$6.4kMedical Instruments
Top Product Potential Russia Dominican Republic+$9.39kRefined 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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Bilateral Service Trade

In 2020, Russia exported services to Dominican Republic worth $418k, with Transportation ($260k), Other business services ($83k), and Royalties and license fees ($32k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Dominican Republic (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Dominican Republic and Russia. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Dominican Republic.

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

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