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2022
Flag → Flag
Exports $23.4MRnk 72 / 139
2022
Flag → Flag
Top Product $7.35MRaw Tobacco
2022
Flag → Flag
Exports $2.66MRnk 85 / 163
2022
Flag → Flag
Top Product $2.49MScrap Iron
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Bangladesh-Dominican Republic Trade: In 2022, Bangladesh exported $23.4M to Dominican Republic. The main products that Bangladesh exported to Dominican Republic were Raw Tobacco ($7.35M), Knitted Hats ($3.46M), and Knit T-shirts ($2.65M). Over the past 5 years the exports of Bangladesh to Dominican Republic have increased at an annualized rate of 27.1%, from $7.06M in 2017 to $23.4M in 2022.

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

Dominican Republic-Bangladesh Trade: In 2022, Dominican Republic exported $2.66M to Bangladesh. The main products that Dominican Republic exported to Bangladesh were Scrap Iron ($2.49M), Synthetic Filament Yarn Woven Fabric ($160k), and Medical Instruments ($9k). Over the past 5 years the exports of Dominican Republic to Bangladesh have decreased at an annualized rate of 1.19%,  from $2.83M in 2017 to $2.66M in 2022.

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

Comparison: In 2022,  Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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, Bangladesh exported $23.4M to Dominican Republic. The main products exported from Bangladesh to Dominican Republic were Raw Tobacco ($7.35M), Knitted Hats ($3.46M), and Knit T-shirts ($2.65M). During the last 5 years the exports of Bangladesh to Dominican Republic have increased at an annualized rate of 27.1%, from $7.06M in 2017 to $23.4M in 2022.

In 2017, Dominican Republic exported $2.66M to Bangladesh. The main products exported from Dominican Republic to Bangladesh were Scrap Iron ($2.49M), Synthetic Filament Yarn Woven Fabric ($160k), and Medical Instruments ($9k). During the last 5 years the exports of Dominican Republic to Bangladesh have decreased at an annualized rate of 1.19%, from $2.83M in 2022 to $2.66M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$11.7B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Bangladesh than Dominican Republic included Germany ($10.2B), United States ($11.7B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Dominican Republic than Bangladesh included Haiti ($1.02B), Jamaica ($139M), and Nicaragua ($71.3M).

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

Comparative Advantage Bangladesh - Dominican Republic

Flow
Scale

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

During 2022, Bangladesh had a large net trade with Dominican Republic in the exports of Textiles ($11.6M), Foodstuffs ($7.35M), and Footwear and Headwear ($3.47M).

During 2017, Dominican Republic had a large net trade with Bangladesh in the exports of Metals ($2.49M), Textiles ($160k), and Instruments ($9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Dominican Republic+$3.66kNon-Knit Women's Suits
Top Product Potential Dominican Republic Bangladesh+$4.38kGold

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 Bangladesh and Dominican Republic. This means that a dot/product with the flag of Bangladesh 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 Bangladesh.

Product Space of Bangladesh (Flag) and Dominican Republic (Flag) (2022)

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