2022
Exports
$575MWorld Rnk 16 / 129
Flag Rnk 5 / 1030
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$580kWorld Rnk 140 / 172
Flag Rnk 865 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $575M in Ferroalloys, making it the 16th 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: South Korea ($175M), China ($164M), Italy ($57.9M), Netherlands ($45M), and Sweden ($39.1M).

The fastest growing export markets for Ferroalloys of Dominican Republic between 2021 and 2022 were South Korea ($175M), Italy ($17.7M), and Spain ($11.6M).

Imports In 2022, Dominican Republic imported $580k in Ferroalloys, becoming the 140th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 865th most imported product in Dominican Republic. Dominican Republic imports Ferroalloys primarily from: United States ($380k), China ($89.1k), Panama ($84.9k), and Canada ($26.2k).

The fastest growing import markets in Ferroalloys for Dominican Republic between 2021 and 2022 were United States ($90.4k), Panama ($84.9k), and Canada ($26.2k).

COMPANIES In 2023, leading companies such as Harvey Imports (70) were at the forefront of shipping Ferroalloys from Dominican Republic to the United States.

Latest Trends

Sep 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 (2022)$575M
IMPORTS (2022)$580k
NET TRADE (2022)$574M

In 2022, Dominican Republic exported $575M in Ferroalloys. The main destinations of Dominican Republic exports on Ferroalloys were South Korea ($175M), China ($164M), Italy ($57.9M), Netherlands ($45M), and Sweden ($39.1M).

In 2022, Dominican Republic imported $580k in Ferroalloys, mainly from United States ($380k), China ($89.1k), Panama ($84.9k), and Canada ($26.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
South Korea$175M (1%)
Italy$17.7M (43.8%)
Spain$11.6M (565%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Dominican Republic WERE (2021 - 2022):
Finland-$41.4M (-71.4%)
Netherlands-$19.4M (-30.1%)
China-$11M (-6.28%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Ferroalloys were:
In 2022, Dominican Republic's main importing competitors in Ferroalloys were:

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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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