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2023
Flag → Flag
Exports $19.6MRnk 131 / 217
2023
Flag → Flag
Top Product $4.2MPackaged Medicaments
2023
Flag → Flag
Exports $71.5MRnk 18 / 166
2023
Flag → Flag
Top Product $21.6MMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Singapore-Dominican Republic Trade: In 2023, Singapore exported $19.6M to Dominican Republic. The main products that Singapore exported to Dominican Republic were Packaged Medicaments ($4.2M), Uncoated Paper ($2.15M), and Tissue ($1.16M). Over the past 5 years the exports of Singapore to Dominican Republic have decreased at an annualized rate of 13.6%, from $40.7M in 2018 to $19.6M in 2023.

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

Dominican Republic-Singapore Trade: In 2023, Dominican Republic exported $71.5M to Singapore. The main products that Dominican Republic exported to Singapore were Medical Instruments ($21.6M), Other Plastic Products ($10.9M), and Bandages ($9.36M). Over the past 5 years the exports of Dominican Republic to Singapore have increased at an annualized rate of 12.6%,  from $35M in 2018 to $71.5M in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $19.6M to Dominican Republic. The main products exported from Singapore to Dominican Republic were Packaged Medicaments ($4.2M), Uncoated Paper ($2.15M), and Tissue ($1.16M). During the last 5 years the exports of Singapore to Dominican Republic have decreased at an annualized rate of 13.6%, from $40.7M in 2018 to $19.6M in 2023.

In 2018, Dominican Republic exported $71.5M to Singapore. The main products exported from Dominican Republic to Singapore were Medical Instruments ($21.6M), Other Plastic Products ($10.9M), and Bandages ($9.36M). During the last 5 years the exports of Dominican Republic to Singapore have increased at an annualized rate of 12.6%, from $35M in 2023 to $71.5M in 2018.

Exports from Singapore (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Singapore (Flag) (2023)

Latest Data

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

Singapore Exports

Dominican Republic Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Singapore than Dominican Republic included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Dominican Republic than Singapore included Haiti ($856M), Jamaica ($115M), and Cuba ($49.9M).

Difference in imports from Dominican Republic (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Dominican Republic

Flow
Scale

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

During 2023, Singapore had a large net trade with Dominican Republic in the exports of Chemical Products ($5.35M), Machines ($3.96M), and Paper Goods ($3.91M).

During 2018, Dominican Republic had a large net trade with Singapore in the exports of Instruments ($26.9M), Plastics and Rubbers ($10.9M), and Chemical Products ($9.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Dominican Republic+$2.21MRefined Petroleum
Top Product Potential Dominican Republic Singapore+N/AN/A

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 Singapore and Dominican Republic. This means that a dot/product with the flag of Singapore 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 Singapore.

Product Space of Singapore (Flag) and Dominican Republic (Flag) (2023)

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