2022
Exports
$142MWorld Rnk 50 / 212
Flag Rnk 20 / 1030
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$508kWorld Rnk 109 / 187
Flag Rnk 883 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $142M in Scrap Iron, making it the 50th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 20th most exported product in Dominican Republic. The main destination of Scrap Iron exports from Dominican Republic are: Chinese Taipei ($82.5M), Vietnam ($18M), Thailand ($12.5M), India ($10.3M), and Singapore ($7.29M).

The fastest growing export markets for Scrap Iron of Dominican Republic between 2021 and 2022 were India ($6.34M), Hong Kong ($1.62M), and Chinese Taipei ($1.58M).

Imports In 2022, Dominican Republic imported $508k in Scrap Iron, becoming the 109th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 883rd most imported product in Dominican Republic. Dominican Republic imports Scrap Iron primarily from: Dominican Republic ($196k), Thailand ($161k), United States ($137k), Nicaragua ($8.55k), and China ($5.92k).

The fastest growing import markets in Scrap Iron for Dominican Republic between 2021 and 2022 were Thailand ($161k), Dominican Republic ($23.1k), and Nicaragua ($8.55k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (2) were at the forefront of shipping Scrap Iron from Dominican Republic to the United States.

Latest Trends

Oct 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 Scrap Iron. 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)$142M
IMPORTS (2022)$508k
NET TRADE (2022)$142M

In 2022, Dominican Republic exported $142M in Scrap Iron. The main destinations of Dominican Republic exports on Scrap Iron were Chinese Taipei ($82.5M), Vietnam ($18M), Thailand ($12.5M), India ($10.3M), and Singapore ($7.29M).

In 2022, Dominican Republic imported $508k in Scrap Iron, mainly from Dominican Republic ($196k), Thailand ($161k), United States ($137k), Nicaragua ($8.55k), and China ($5.92k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
India$6.34M (159%)
Hong Kong$1.62M (376%)
Chinese Taipei$1.58M (1.96%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Dominican Republic WERE (2021 - 2022):
Vietnam-$9.95M (-35.6%)
Ecuador-$2.67M (-100%)
Thailand-$1.88M (-13.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Scrap Iron were:
In 2022, Dominican Republic's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.8M
TOP IMPORT POTENTIALUnited States+ $165k

Scrap Iron’s highest export potential is India. With an export gap of $7.8M.   Scrap Iron’s highest import potential is United States with an import gap of $165k.

See methodology.

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