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Pricing

2023
Flag → Flag
Exports $33.8kRnk 106 / 133
2023
Flag → Flag
Top Product $32.4kIndustrial Fatty Acids, Oils and Alcohols
2023
Flag → Flag
Exports $541kRnk 108 / 166
2023
Flag → Flag
Top Product $145kSpecial Pharmaceuticals
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Armenia-Dominican Republic Trade: In 2023, Armenia exported $33.8k to Dominican Republic. The main products that Armenia exported to Dominican Republic were Industrial Fatty Acids, Oils and Alcohols ($32.4k), Safety Glass ($951), and Industrial Food Preperation Machinery ($297). Over the past 5 years the exports of Armenia to Dominican Republic have decreased at an annualized rate of 18.9%, from $96.2k in 2018 to $33.8k in 2023.

In 2023, Armenia did not export any services to Dominican Republic.

Dominican Republic-Armenia Trade: In 2023, Dominican Republic exported $541k to Armenia. The main products that Dominican Republic exported to Armenia were Special Pharmaceuticals ($145k), Rolled Tobacco ($125k), and Medical Instruments ($79.1k). Over the past 5 years the exports of Dominican Republic to Armenia have increased at an annualized rate of 24.3%,  from $182k in 2018 to $541k in 2023.

In 2023, Dominican Republic did not export any services to Armenia.

Comparison: In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Armenia exported $33.8k to Dominican Republic. The main products exported from Armenia to Dominican Republic were Industrial Fatty Acids, Oils and Alcohols ($32.4k), Safety Glass ($951), and Industrial Food Preperation Machinery ($297). During the last 5 years the exports of Armenia to Dominican Republic have decreased at an annualized rate of 18.9%, from $96.2k in 2018 to $33.8k in 2023.

In 2018, Dominican Republic exported $541k to Armenia. The main products exported from Dominican Republic to Armenia were Special Pharmaceuticals ($145k), Rolled Tobacco ($125k), and Medical Instruments ($79.1k). During the last 5 years the exports of Dominican Republic to Armenia have increased at an annualized rate of 24.3%, from $182k in 2023 to $541k in 2018.

Exports from Armenia (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Dominican Republic (Flag)

Armenia Exports

Dominican Republic Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Dominican Republic
Top DestinationUnited States$7.08B

This map shows whether countries import more from Armenia or Dominican Republic. Each country is colored based on the difference in imports they receive from Armenia and Dominican Republic or the difference in the growth in imports.

In 2023, countries that imported more from Armenia than Dominican Republic included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Dominican Republic than Armenia included United States ($7.08B), Haiti ($856M), and Switzerland ($885M).

Difference in imports from Dominican Republic (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Dominican Republic

Flow
Scale

This chart compares trade between Armenia and Dominican Republic by product, considering products traded by both, Armenia and Dominican Republic.

During 2023, Armenia had a large net trade with Dominican Republic in the exports of Chemical Products ($32.4k), Stone And Glass ($951), and Machines ($297).

During 2018, Dominican Republic had a large net trade with Armenia in the exports of Chemical Products ($177k), Foodstuffs ($175k), and Instruments ($79.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Dominican Republic+$2.94kCars
Top Product Potential Dominican Republic Armenia+$177kMedical Instruments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Armenia and Dominican Republic. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Dominican Republic. Similarly, a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Armenia.

Product Space of Armenia (Flag) and Dominican Republic (Flag) (2023)

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