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Pricing

2022
Flag → Flag
Exports $36.5kRnk 101 / 129
2022
Flag → Flag
Top Product $17.6kStone Processing Machines
2022
Flag → Flag
Exports $273kRnk 121 / 163
2022
Flag → Flag
Top Product $75.9kRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Armenia-Dominican Republic Trade: In 2022, Armenia exported $36.5k to Dominican Republic. The main products that Armenia exported to Dominican Republic were Stone Processing Machines ($17.6k), Garden Tools ($8.63k), and Liquid Dispersing Machines ($4.92k). Over the past 5 years the exports of Armenia to Dominican Republic have increased at an annualized rate of 2.9%, from $31.6k in 2017 to $36.5k in 2022.

In 2022, Armenia did not export any services to Dominican Republic.

Dominican Republic-Armenia Trade: In 2022, Dominican Republic exported $273k to Armenia. The main products that Dominican Republic exported to Armenia were Rolled Tobacco ($75.9k), Special Pharmaceuticals ($68.8k), and Medical Instruments ($61.7k). Over the past 5 years the exports of Dominican Republic to Armenia have increased at an annualized rate of 21.1%,  from $105k in 2017 to $273k in 2022.

In 2022, Dominican Republic did not export any services to Armenia.

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $36.5k to Dominican Republic. The main products exported from Armenia to Dominican Republic were Stone Processing Machines ($17.6k), Garden Tools ($8.63k), and Liquid Dispersing Machines ($4.92k). During the last 5 years the exports of Armenia to Dominican Republic have increased at an annualized rate of 2.9%, from $31.6k in 2017 to $36.5k in 2022.

In 2017, Dominican Republic exported $273k to Armenia. The main products exported from Dominican Republic to Armenia were Rolled Tobacco ($75.9k), Special Pharmaceuticals ($68.8k), and Medical Instruments ($61.7k). During the last 5 years the exports of Dominican Republic to Armenia have increased at an annualized rate of 21.1%, from $105k in 2022 to $273k in 2017.

Exports from Armenia (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Armenia (Flag) (2022)

Latest Data

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

Armenia Exports

Dominican Republic Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Dominican Republic
Top DestinationUnited States$6.85B

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 2022, countries that imported more from Armenia than Dominican Republic included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2022, countries that imported more from Dominican Republic than Armenia included United States ($6.85B), Haiti ($1.02B), and Switzerland ($1.08B).

Difference in imports from Dominican Republic (Flag) and Armenia (Flag) (2022)

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 2022, Armenia had a large net trade with Dominican Republic in the exports of Machines ($24.1k), Metals ($9.19k), and Plastics and Rubbers ($2.65k).

During 2017, Dominican Republic had a large net trade with Armenia in the exports of Foodstuffs ($119k), Chemical Products ($69.2k), and Instruments ($62k).

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) (2022)

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