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Pricing

2022
Flag → Flag
Exports $78.5MRnk 76 / 217
2022
Flag → Flag
Top Product $22.8MCars
2022
Flag → Flag
Exports $60.9MRnk 25 / 163
2022
Flag → Flag
Top Product $39.1MFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Sweden-Dominican Republic Trade: In 2022, Sweden exported $78.5M to Dominican Republic. The main products that Sweden exported to Dominican Republic were Cars ($22.8M), Packaged Medicaments ($12.9M), and Kaolin Coated Paper ($4.46M). Over the past 5 years the exports of Sweden to Dominican Republic have increased at an annualized rate of 7.43%, from $54.8M in 2017 to $78.5M in 2022.

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

Dominican Republic-Sweden Trade: In 2022, Dominican Republic exported $60.9M to Sweden. The main products that Dominican Republic exported to Sweden were Ferroalloys ($39.1M), Bananas ($18.2M), and Hard Liquor ($1.03M). Over the past 5 years the exports of Dominican Republic to Sweden have increased at an annualized rate of 7.42%,  from $42.6M in 2017 to $60.9M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK64.1M and imported SEK14M from Dominican Republic, resulting in a positive trade balance of SEK50M. Between August 2023 and August 2024 the exports of Sweden have increased by SEK38.5M (151%) from SEK25.5M to SEK64.1M, while imports increased by SEK805k (6.09%) from SEK13.2M to SEK14M.

Trade In August 2024, the top exports of Sweden to Dominican Republic were Cars (SEK51.1M), Fork-Lifts (SEK9.31M), Other Wood Articles (SEK1.34M), High-voltage Protection Equipment (SEK999k), and Motor vehicles; parts and accessories (8701... (SEK625k). In August 2024 the top imports of Sweden from Dominican Republic were Ferroalloys (SEK30.2M), Bananas (SEK8.09M), Leather Footwear (SEK2.1M), Hard Liquor (SEK2.04M), and Waterproof Footwear (SEK266k).

Growth In August 2024, the increase in Sweden's year-by-year exports to Dominican Republic was explained primarily by an increase in product exports in Cars (SEK49.6M or 3.3k%), High-voltage Protection Equipment (SEK987k or 8.23k%), and Rubber Pipes (SEK390k or 4.33k%). In August 2024, the increase in Sweden's year-by-year imports  from Dominican Republic was explained primarily by an increase in product imports  in Ferroalloys (SEK16.3M or 117%), Rolled Tobacco (SEK57k or 570%), and Wood Crates (SEK2k or 100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK38.5M(151%)
IMPORT GROWTH (August 2023 - August 2024)SEK805k(6.09%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Dominican Republic and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Dominican Republic and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $78.5M to Dominican Republic. The main products exported from Sweden to Dominican Republic were Cars ($22.8M), Packaged Medicaments ($12.9M), and Kaolin Coated Paper ($4.46M). During the last 5 years the exports of Sweden to Dominican Republic have increased at an annualized rate of 7.43%, from $54.8M in 2017 to $78.5M in 2022.

In 2017, Dominican Republic exported $60.9M to Sweden. The main products exported from Dominican Republic to Sweden were Ferroalloys ($39.1M), Bananas ($18.2M), and Hard Liquor ($1.03M). During the last 5 years the exports of Dominican Republic to Sweden have increased at an annualized rate of 7.42%, from $42.6M in 2022 to $60.9M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Sweden than Dominican Republic included Germany ($19.2B), Norway ($18.7B), and Denmark ($14.6B).

In 2022, countries that imported more from Dominican Republic than Sweden included Haiti ($1.02B), Jamaica ($139M), and Nicaragua ($71.3M).

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

Comparative Advantage Sweden - Dominican Republic

Flow
Scale

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

During 2022, Sweden had a large net trade with Dominican Republic in the exports of Transportation ($25.2M), Machines ($15.1M), and Chemical Products ($14.3M).

During 2017, Dominican Republic had a large net trade with Sweden in the exports of Metals ($39.1M), Vegetable Products ($18.3M), and Foodstuffs ($1.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Dominican Republic+$12.9MCars
Top Product Potential Dominican Republic Sweden+$835kRolled Tobacco

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

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

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