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2023
Flag → Flag
Exports $252MRnk 101 / 216
2023
Flag → Flag
Top Product $28.4MRefined Petroleum
2023
Flag → Flag
Exports $29.2MRnk 38 / 166
2023
Flag → Flag
Top Product $10.8MMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Turkey-Dominican Republic Trade: In 2023, Turkey exported $252M to Dominican Republic. The main products that Turkey exported to Dominican Republic were Refined Petroleum ($28.4M), Raw Iron Bars ($26.5M), and Passenger and Cargo Ships ($23M). Over the past 5 years the exports of Turkey to Dominican Republic have increased at an annualized rate of 12.6%, from $139M in 2018 to $252M in 2023.

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

Dominican Republic-Turkey Trade: In 2023, Dominican Republic exported $29.2M to Turkey. The main products that Dominican Republic exported to Turkey were Medical Instruments ($10.8M), Rolled Tobacco ($6.59M), and Tanned Equine and Bovine Hides ($2.73M). Over the past 5 years the exports of Dominican Republic to Turkey have increased at an annualized rate of 11.1%,  from $17.3M in 2018 to $29.2M in 2023.

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

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $252M to Dominican Republic. The main products exported from Turkey to Dominican Republic were Refined Petroleum ($28.4M), Raw Iron Bars ($26.5M), and Passenger and Cargo Ships ($23M). During the last 5 years the exports of Turkey to Dominican Republic have increased at an annualized rate of 12.6%, from $139M in 2018 to $252M in 2023.

In 2018, Dominican Republic exported $29.2M to Turkey. The main products exported from Dominican Republic to Turkey were Medical Instruments ($10.8M), Rolled Tobacco ($6.59M), and Tanned Equine and Bovine Hides ($2.73M). During the last 5 years the exports of Dominican Republic to Turkey have increased at an annualized rate of 11.1%, from $17.3M in 2023 to $29.2M in 2018.

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

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

Latest Data

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

Turkey Exports

Dominican Republic Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Turkey than Dominican Republic included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

In 2023, countries that imported more from Dominican Republic than Turkey included Haiti ($856M), Turks and Caicos Islands ($21.6M), and Curaçao ($17M).

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

Comparative Advantage Turkey - Dominican Republic

Flow
Scale

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

During 2023, Turkey had a large net trade with Dominican Republic in the exports of Metals ($48.9M), Mineral Products ($46.6M), and Transportation ($44.5M).

During 2018, Dominican Republic had a large net trade with Turkey in the exports of Instruments ($11.2M), Foodstuffs ($7.34M), and Animal Hides ($2.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Dominican Republic+$3.23MRefined Petroleum
Top Product Potential Dominican Republic Turkey+$8.83MMedical 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 Turkey and Dominican Republic. This means that a dot/product with the flag of Turkey 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 Turkey.

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

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