2023
Exports
$3.93MWorld Rnk 95 / 221
Flag Rnk 188 / 1008
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$57.9MWorld Rnk 97 / 224
Flag Rnk 110 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $3.93M in Excavation Machinery, making it the 95th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 188th most exported product in Dominican Republic. The main destination of Excavation Machinery exports from Dominican Republic are: United States ($1.17M), Panama ($490k), Canada ($481k), Spain ($401k), and Honduras ($329k).

The fastest growing export markets for Excavation Machinery of Dominican Republic between 2022 and 2023 were United States ($858k), Spain ($394k), and Panama ($386k).

Imports In 2023, Dominican Republic imported $57.9M in Excavation Machinery, becoming the 97th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 110th most imported product in Dominican Republic. Dominican Republic imports Excavation Machinery primarily from: United States ($27.9M), China ($7.69M), Sweden ($3.59M), Italy ($3.45M), and Colombia ($2.63M).

The fastest growing import markets in Excavation Machinery for Dominican Republic between 2022 and 2023 were Sweden ($1.56M), Italy ($1.51M), and China ($693k).

COMPANIES In 2024, leading companies such as Celebrity Cruises (12) and Norwegian Cruise Line (2) were at the forefront of shipping Excavation Machinery from Dominican Republic to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.93M
IMPORTS (2023)$57.9M
NET TRADE (2023)-$54M

In 2023, Dominican Republic exported $3.93M in Excavation Machinery. The main destinations of Dominican Republic exports on Excavation Machinery were United States ($1.17M), Panama ($490k), Canada ($481k), Spain ($401k), and Honduras ($329k).

In 2023, Dominican Republic imported $57.9M in Excavation Machinery, mainly from United States ($27.9M), China ($7.69M), Sweden ($3.59M), Italy ($3.45M), and Colombia ($2.63M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
United States$858k (279%)
Spain$394k (5.59k%)
Panama$386k (370%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Dominican Republic WERE (2022 - 2023):
Canada-$2.43M (-83.4%)
Australia-$1.14M (-99.8%)
Jamaica-$64.4k (-95.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Excavation Machinery were:
In 2023, Dominican Republic's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $868k
TOP IMPORT POTENTIALChina+ $5.18M

Excavation Machinery’s highest export potential is Canada. With an export gap of $868k.   Excavation Machinery’s highest import potential is China with an import gap of $5.18M.

See methodology.

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