2022
Exports
$228kWorld Rnk 137 / 192
Flag Rnk 513 / 1030
2022
PRODUCT COMPLEXITY IN Gas Turbines
0.71Rnk 270 / 1025
2022
Imports
$69.8MWorld Rnk 76 / 207
Flag Rnk 92 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $228k in Gas Turbines, making it the 137th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 513th most exported product in Dominican Republic. The main destination of Gas Turbines exports from Dominican Republic are: United States ($149k), Switzerland ($41.3k), Cuba ($29.3k), Haiti ($3.27k), and China ($1.24k).

The fastest growing export markets for Gas Turbines of Dominican Republic between 2021 and 2022 were United States ($104k), Switzerland ($41.3k), and Cuba ($28.7k).

Imports In 2022, Dominican Republic imported $69.8M in Gas Turbines, becoming the 76th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 92nd most imported product in Dominican Republic. Dominican Republic imports Gas Turbines primarily from: United States ($55.1M), Japan ($5.86M), Italy ($3.67M), Switzerland ($3M), and India ($601k).

The fastest growing import markets in Gas Turbines for Dominican Republic between 2021 and 2022 were United States ($37.7M), Japan ($4.07M), and Italy ($2.45M).

Latest Trends

Jul 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 Gas Turbines. 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)$228k
IMPORTS (2022)$69.8M
NET TRADE (2022)-$69.6M

In 2022, Dominican Republic exported $228k in Gas Turbines. The main destinations of Dominican Republic exports on Gas Turbines were United States ($149k), Switzerland ($41.3k), Cuba ($29.3k), Haiti ($3.27k), and China ($1.24k).

In 2022, Dominican Republic imported $69.8M in Gas Turbines, mainly from United States ($55.1M), Japan ($5.86M), Italy ($3.67M), Switzerland ($3M), and India ($601k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$104k (230%)
Switzerland$41.3k (1%)
Cuba$28.7k (4.59k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Dominican Republic WERE (2021 - 2022):
Haiti-$12k (-78.6%)
Mexico-$2.15k (-100%)
Germany-$1.18k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.4k
TOP IMPORT POTENTIALUnited States+ $4.49M

Gas Turbines’s highest export potential is United States. With an export gap of $38.4k.   Gas Turbines’s highest import potential is United States with an import gap of $4.49M.

See methodology.

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