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2023
Exports $624MWorld Rnk 14 / 126
Flag Rnk 5 / 1008
2023
Destination $65.3M China
2022 - 2023
FASTEST GROWING MARKET $65.3MChina
2023
PRODUCT COMPLEXITY IN Ferroalloys-1.33Rnk 905 / 1025
2023
Imports $343kWorld Rnk 139 / 171
Flag Rnk 907 / 1159
2023
Origin $254k China
2022 - 2023
FASTEST GROWING ORIGIN $254kChina
2023
ECONOMIC COMPLEXITY of Dominican Republic0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $624M in Ferroalloys, making it the 14th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 5th most exported product in Dominican Republic. The main destination of Ferroalloys exports from Dominican Republic are: China ($303M), South Korea ($198M), Netherlands ($57.7M), Finland ($32.3M), and France ($8.75M).

The fastest growing export markets for Ferroalloys of Dominican Republic between 2022 and 2023 were China ($65.3M), South Korea ($23.8M), and Finland ($15.7M).

Imports In 2023, Dominican Republic imported $343k in Ferroalloys, becoming the 139th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 907th most imported product in Dominican Republic. Dominican Republic imports Ferroalloys primarily from: China ($343k).

The fastest growing import markets in Ferroalloys for Dominican Republic between 2022 and 2023 were China ($254k).

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 Ferroalloys. 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)$624M
IMPORTS (2023)$343k
NET TRADE (2023)$624M

In 2023, Dominican Republic exported $624M in Ferroalloys. The main destinations of Dominican Republic exports on Ferroalloys were China ($303M), South Korea ($198M), Netherlands ($57.7M), Finland ($32.3M), and France ($8.75M).

In 2023, Dominican Republic imported $343k in Ferroalloys, mainly from China ($343k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
China$65.3M (27.5%)
South Korea$23.8M (13.6%)
Finland$15.7M (94.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Dominican Republic WERE (2022 - 2023):
Italy-$56.9M (-95.6%)
Sweden-$32.6M (-80.3%)
United States-$32.4M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Ferroalloys were:
Indonesia $14.8B
South Africa $5.33B
Brazil $4.25B
In 2023, Dominican Republic's main importing competitors in Ferroalloys were:
China $21.1B
United States $2.99B
Netherlands $2.49B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.4M
TOP IMPORT POTENTIALChina+ $104k

Ferroalloys’s highest export potential is China. With an export gap of $35.4M.   Ferroalloys’s highest import potential is China with an import gap of $104k.

See methodology.

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