2023
Exports
$4.56MWorld Rnk 76 / 207
Flag Rnk 178 / 1008
2023
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.34Rnk 912 / 1025
2023
Imports
$13.7MWorld Rnk 90 / 221
Flag Rnk 312 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $4.56M in Knit Men's Suits, making it the 76th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 178th most exported product in Dominican Republic. The main destination of Knit Men's Suits exports from Dominican Republic are: United States ($4.34M), Canada ($75.3k), Cuba ($42k), Jamaica ($24.1k), and Haiti ($14.3k).

The fastest growing export markets for Knit Men's Suits of Dominican Republic between 2022 and 2023 were United States ($1.47M), Canada ($52.2k), and Jamaica ($16.6k).

Imports In 2023, Dominican Republic imported $13.7M in Knit Men's Suits, becoming the 90th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 312th most imported product in Dominican Republic. Dominican Republic imports Knit Men's Suits primarily from: China ($9.23M), United States ($977k), Panama ($929k), Spain ($378k), and Italy ($284k).

The fastest growing import markets in Knit Men's Suits for Dominican Republic between 2022 and 2023 were China ($770k), Italy ($142k), and Vietnam ($132k).

COMPANIES In 2024, leading companies such as Adidas (2) were at the forefront of shipping Knit Men's Suits 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 Knit Men's Suits. 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)$4.56M
IMPORTS (2023)$13.7M
NET TRADE (2023)-$9.12M

In 2023, Dominican Republic exported $4.56M in Knit Men's Suits. The main destinations of Dominican Republic exports on Knit Men's Suits were United States ($4.34M), Canada ($75.3k), Cuba ($42k), Jamaica ($24.1k), and Haiti ($14.3k).

In 2023, Dominican Republic imported $13.7M in Knit Men's Suits, mainly from China ($9.23M), United States ($977k), Panama ($929k), Spain ($378k), and Italy ($284k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
United States$1.47M (51.2%)
Canada$52.2k (226%)
Jamaica$16.6k (222%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Dominican Republic WERE (2022 - 2023):
Cuba-$23.8k (-36.1%)
Italy-$11.8k (-100%)
Haiti-$8.27k (-36.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Knit Men's Suits were:
In 2023, Dominican Republic's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.77M
TOP IMPORT POTENTIALChina+ $1.16M

Knit Men's Suits’s highest export potential is United States. With an export gap of $1.77M.   Knit Men's Suits’s highest import potential is China with an import gap of $1.16M.

See methodology.

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