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Pricing

2021
Flag → Flag
Exports $7.4kRnk 108 / 0
2021
Flag → Flag
Exports $990kRnk 61 / 129
2021
Flag → Flag
Top Product $853kLeather Footwear
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Dominican Republic-Albania Trade: In 2021, Dominican Republic exported $7.4k to Albania. The main products that Dominican Republic exported to Albania were N/A. Over the past 5 years the exports of Dominican Republic to Albania have decreased at an annualized rate of 43.6%, from $129k in 2016 to $7.4k in 2021.

In 2021, Dominican Republic did not export any services to Albania.

Albania-Dominican Republic Trade: In 2021, Albania exported $990k to Dominican Republic. The main products that Albania exported to Dominican Republic were Leather Footwear ($853k), Other Plastic Products ($20.1k), and Nutmeg, mace and cardamons ($16.5k). Over the past 5 years the exports of Albania to Dominican Republic have increased at an annualized rate of 7.87%,  from $678k in 2016 to $990k in 2021.

In 2021, Albania did not export any services to Dominican Republic.

Comparison: In 2022,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Dominican Republic exported $7.4k to Albania. There were not main exports from Dominican Republic to Albania in 2021. During the last 5 years the exports of Dominican Republic to Albania have decreased at an annualized rate of 43.6%, from $129k in 2016 to $7.4k in 2021.

In 2017, Albania exported $990k to Dominican Republic. The main products exported from Albania to Dominican Republic were Leather Footwear ($853k), Other Plastic Products ($20.1k), and Nutmeg, mace and cardamons ($16.5k). During the last 5 years the exports of Albania to Dominican Republic have increased at an annualized rate of 7.87%, from $678k in 2022 to $990k in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Albania
Top DestinationItaly$1.75B

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

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

In 2022, countries that imported more from Albania than Dominican Republic included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Dominican Republic - Albania

Flow
Scale

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

During 2021, Dominican Republic had a large net trade with Albania in the exports of .

During 2017, Albania had a large net trade with Dominican Republic in the exports of Footwear and Headwear ($858k), Machines ($46k), and Textiles ($28k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Albania+$2.25kRolled Tobacco
Top Product Potential Albania Dominican Republic+$2.83kCrude Petroleum

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 Dominican Republic and Albania. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Dominican Republic.

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

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