2022
Exports
$147kWorld Rnk 75 / 203
Flag Rnk 581 / 1030
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$4.83MWorld Rnk 71 / 220
Flag Rnk 504 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $147k in Hand Tools, making it the 75th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 581st most exported product in Dominican Republic. The main destination of Hand Tools exports from Dominican Republic are: Haiti ($54.9k), Germany ($41.3k), United States ($32.3k), Switzerland ($8.29k), and Guatemala ($1.95k).

The fastest growing export markets for Hand Tools of Dominican Republic between 2021 and 2022 were Germany ($41.3k), Haiti ($11.9k), and Switzerland ($8.26k).

Imports In 2022, Dominican Republic imported $4.83M in Hand Tools, becoming the 71st largest importer of Hand Tools in the world. At the same year, Hand Tools was the 504th most imported product in Dominican Republic. Dominican Republic imports Hand Tools primarily from: Mexico ($1.84M), China ($1.62M), United States ($665k), India ($229k), and Italy ($103k).

The fastest growing import markets in Hand Tools for Dominican Republic between 2021 and 2022 were United States ($266k), Italy ($86.4k), and France ($39.7k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Hand Tools from Dominican Republic to the United States.

Latest Trends

Nov 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 Hand Tools. 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)$147k
IMPORTS (2022)$4.83M
NET TRADE (2022)-$4.69M

In 2022, Dominican Republic exported $147k in Hand Tools. The main destinations of Dominican Republic exports on Hand Tools were Haiti ($54.9k), Germany ($41.3k), United States ($32.3k), Switzerland ($8.29k), and Guatemala ($1.95k).

In 2022, Dominican Republic imported $4.83M in Hand Tools, mainly from Mexico ($1.84M), China ($1.62M), United States ($665k), India ($229k), and Italy ($103k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Germany$41.3k (138k%)
Haiti$11.9k (27.6%)
Switzerland$8.26k (31.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Dominican Republic WERE (2021 - 2022):
United States-$345k (-91.4%)
Mexico-$138k (-99.8%)
Venezuela-$17.6k (-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 Hand Tools were:
In 2022, Dominican Republic's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.39k
TOP IMPORT POTENTIALChina+ $426k

Hand Tools’s highest export potential is Thailand. With an export gap of $1.39k.   Hand Tools’s highest import potential is China with an import gap of $426k.

See methodology.

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