2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH
93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH
74.3%CURRENT US$
Rnk 21 / 195

About

Chile-Dominican Republic Trade: In 2023, Chile exported $181M to Dominican Republic. The main products that Chile exported to Dominican Republic were Semi-Finished Iron ($33.3M), Cars ($19.8M), and Processed Cereals ($11.3M). Over the past 5 years the exports of Chile to Dominican Republic have increased at an annualized rate of 12.9%, from $98.6M in 2018 to $181M in 2023.

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

Dominican Republic-Chile Trade: In 2023, Dominican Republic exported $21.1M to Chile. The main products that Dominican Republic exported to Chile were Hard Liquor ($3.88M), Other Plastic Products ($2.6M), and Textile Scraps ($2.17M). Over the past 5 years the exports of Dominican Republic to Chile have decreased at an annualized rate of 3.38%,  from $25.1M in 2018 to $21.1M in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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, Chile exported $181M to Dominican Republic. The main products exported from Chile to Dominican Republic were Semi-Finished Iron ($33.3M), Cars ($19.8M), and Processed Cereals ($11.3M). During the last 5 years the exports of Chile to Dominican Republic have increased at an annualized rate of 12.9%, from $98.6M in 2018 to $181M in 2023.

In 2018, Dominican Republic exported $21.1M to Chile. The main products exported from Dominican Republic to Chile were Hard Liquor ($3.88M), Other Plastic Products ($2.6M), and Textile Scraps ($2.17M). During the last 5 years the exports of Dominican Republic to Chile have decreased at an annualized rate of 3.38%, from $25.1M in 2023 to $21.1M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Dominican Republic
Top Destination
United States$7.08B

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

In 2023, countries that imported more from Chile than Dominican Republic included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Dominican Republic than Chile included Haiti ($856M), Switzerland ($885M), and Jamaica ($115M).

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

Comparative Advantage Chile - Dominican Republic

Flow
Scale

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

During 2023, Chile had a large net trade with Dominican Republic in the exports of Metals ($35M), Vegetable Products ($29.5M), and Paper Goods ($24.1M).

During 2018, Dominican Republic had a large net trade with Chile in the exports of Foodstuffs ($7.25M), Textiles ($4.02M), and Chemical Products ($2.86M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Dominican Republic+$1.88MFish Fillets
Top Product Potential Dominican Republic Chile+$4.27MMedical 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 Chile and Dominican Republic. This means that a dot/product with the flag of Chile 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 Chile.

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

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