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Pricing

2022
Flag → Flag
Exports $363MRnk 91 / 219
2022
Flag → Flag
Top Product $74.4MSemi-Finished Iron
2022
Flag → Flag
Exports $23.7MRnk 42 / 163
2022
Flag → Flag
Top Product $8.41MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Turkey-Dominican Republic Trade: In 2022, Turkey exported $363M to Dominican Republic. The main products that Turkey exported to Dominican Republic were Semi-Finished Iron ($74.4M), Raw Iron Bars ($72.6M), and Cement ($32.1M). Over the past 5 years the exports of Turkey to Dominican Republic have increased at an annualized rate of 26.1%, from $114M in 2017 to $363M in 2022.

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

Dominican Republic-Turkey Trade: In 2022, Dominican Republic exported $23.7M to Turkey. The main products that Dominican Republic exported to Turkey were Medical Instruments ($8.41M), Rolled Tobacco ($4.46M), and Special Pharmaceuticals ($2.71M). Over the past 5 years the exports of Dominican Republic to Turkey have increased at an annualized rate of 6.2%,  from $17.5M in 2017 to $23.7M in 2022.

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

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $363M to Dominican Republic. The main products exported from Turkey to Dominican Republic were Semi-Finished Iron ($74.4M), Raw Iron Bars ($72.6M), and Cement ($32.1M). During the last 5 years the exports of Turkey to Dominican Republic have increased at an annualized rate of 26.1%, from $114M in 2017 to $363M in 2022.

In 2017, Dominican Republic exported $23.7M to Turkey. The main products exported from Dominican Republic to Turkey were Medical Instruments ($8.41M), Rolled Tobacco ($4.46M), and Special Pharmaceuticals ($2.71M). During the last 5 years the exports of Dominican Republic to Turkey have increased at an annualized rate of 6.2%, from $17.5M in 2022 to $23.7M in 2017.

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

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

Latest Data

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

Turkey Exports

Dominican Republic Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Dominican Republic
Top DestinationUnited States$6.85B

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 2022, countries that imported more from Turkey than Dominican Republic included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

In 2022, countries that imported more from Dominican Republic than Turkey included Haiti ($1.02B), Nicaragua ($71.3M), and Honduras ($54.6M).

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

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 2022, Turkey had a large net trade with Dominican Republic in the exports of Metals ($211M), Mineral Products ($33.3M), and Animal Hides ($18.8M).

During 2017, Dominican Republic had a large net trade with Turkey in the exports of Instruments ($8.94M), Foodstuffs ($5.23M), and Chemical Products ($3.25M).

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) (2022)

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