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Pricing

2022
Flag → Flag
Exports $5.37MRnk 103 / 171
2022
Flag → Flag
Top Product $3.14MRaw Plastic Sheeting
2022
Flag → Flag
Exports $8.9kRnk 153 / 163
2022
Flag → Flag
Top Product $5.56kOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Oman-Dominican Republic Trade: In 2022, Oman exported $5.37M to Dominican Republic. The main products that Oman exported to Dominican Republic were Raw Plastic Sheeting ($3.14M), Motor vehicles; parts and accessories (8701 to 8705) ($1.18M), and Aluminium Plating ($518k). Over the past 5 years the exports of Oman to Dominican Republic have increased at an annualized rate of 73.2%, from $344k in 2017 to $5.37M in 2022.

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

Dominican Republic-Oman Trade: In 2022, Dominican Republic exported $8.9k to Oman. The main products that Dominican Republic exported to Oman were Orthopedic Appliances ($5.56k) and Medical Instruments ($3.34k). Over the past 5 years the exports of Dominican Republic to Oman have decreased at an annualized rate of 50.5%,  from $298k in 2017 to $8.9k in 2022.

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

Comparison: In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). 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, Oman exported $5.37M to Dominican Republic. The main products exported from Oman to Dominican Republic were Raw Plastic Sheeting ($3.14M), Motor vehicles; parts and accessories (8701 to 8705) ($1.18M), and Aluminium Plating ($518k). During the last 5 years the exports of Oman to Dominican Republic have increased at an annualized rate of 73.2%, from $344k in 2017 to $5.37M in 2022.

In 2017, Dominican Republic exported $8.9k to Oman. The main products exported from Dominican Republic to Oman were Orthopedic Appliances ($5.56k) and Medical Instruments ($3.34k). During the last 5 years the exports of Dominican Republic to Oman have decreased at an annualized rate of 50.5%, from $298k in 2022 to $8.9k in 2017.

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

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

Latest Data

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

Oman Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Oman than Dominican Republic included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

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

Comparative Advantage Oman - Dominican Republic

Flow
Scale

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

During 2022, Oman had a large net trade with Dominican Republic in the exports of Plastics and Rubbers ($3.31M), Transportation ($1.18M), and Metals ($518k).

During 2017, Dominican Republic had a large net trade with Oman in the exports of Instruments ($8.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Dominican Republic+$800kRaw Plastic Sheeting
Top Product Potential Dominican Republic Oman+$32.9kMedical 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 Oman and Dominican Republic. This means that a dot/product with the flag of Oman 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 Oman.

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

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