2023
Exports
$66.9MWorld Rnk 79 / 214
Flag Rnk 31 / 1008
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$619MWorld Rnk 69 / 226
Flag Rnk 5 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $66.9M in Packaged Medicaments, making it the 79th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 31st most exported product in Dominican Republic. The main destination of Packaged Medicaments exports from Dominican Republic are: Guatemala ($12M), Ecuador ($9.58M), Honduras ($8.21M), Panama ($7.22M), and Costa Rica ($4.91M).

The fastest growing export markets for Packaged Medicaments of Dominican Republic between 2022 and 2023 were Ecuador ($1.03M), Chile ($401k), and Jamaica ($298k).

Imports In 2023, Dominican Republic imported $619M in Packaged Medicaments, becoming the 69th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Dominican Republic. Dominican Republic imports Packaged Medicaments primarily from: United States ($128M), India ($93.2M), Mexico ($46.2M), El Salvador ($34.5M), and Panama ($32.3M).

The fastest growing import markets in Packaged Medicaments for Dominican Republic between 2022 and 2023 were United States ($49.6M), Switzerland ($21.7M), and Ireland ($4.39M).

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 Packaged Medicaments. 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)$66.9M
IMPORTS (2023)$619M
NET TRADE (2023)-$552M

In 2023, Dominican Republic exported $66.9M in Packaged Medicaments. The main destinations of Dominican Republic exports on Packaged Medicaments were Guatemala ($12M), Ecuador ($9.58M), Honduras ($8.21M), Panama ($7.22M), and Costa Rica ($4.91M).

In 2023, Dominican Republic imported $619M in Packaged Medicaments, mainly from United States ($128M), India ($93.2M), Mexico ($46.2M), El Salvador ($34.5M), and Panama ($32.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Ecuador$1.03M (12.1%)
Chile$401k (40.7%)
Jamaica$298k (25.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Dominican Republic WERE (2022 - 2023):
Nicaragua-$3.61M (-46.1%)
Venezuela-$2.62M (-37.7%)
Costa Rica-$1.81M (-26.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Packaged Medicaments were:
In 2023, Dominican Republic's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.12M
TOP IMPORT POTENTIALIndia+ $16.5M

Packaged Medicaments’s highest export potential is United States. With an export gap of $2.12M.   Packaged Medicaments’s highest import potential is India with an import gap of $16.5M.

See methodology.

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