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2023
Flag → Flag
Exports $2.61MRnk 83 / 166
2023
Flag → Flag
Top Product $2.29MScrap Iron
2023
Flag → Flag
Exports $20.5MRnk 76 / 138
2023
Flag → Flag
Top Product $3.68MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $10,718CURRENT US$
Rnk 87 / 195
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Dominican Republic-Bangladesh Trade: In 2023, Dominican Republic exported $2.61M to Bangladesh. The main products that Dominican Republic exported to Bangladesh were Scrap Iron ($2.29M), Tanned Equine and Bovine Hides ($251k), and Blank Audio Media ($57.5k). Over the past 5 years the exports of Dominican Republic to Bangladesh have increased at an annualized rate of 13.4%, from $1.39M in 2018 to $2.61M in 2023.

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

Bangladesh-Dominican Republic Trade: In 2023, Bangladesh exported $20.5M to Dominican Republic. The main products that Bangladesh exported to Dominican Republic were Raw Tobacco ($3.68M), Knitted Hats ($3.13M), and Knit T-shirts ($2.82M). Over the past 5 years the exports of Bangladesh to Dominican Republic have increased at an annualized rate of 20.3%,  from $8.13M in 2018 to $20.5M in 2023.

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

Comparison: In 2023,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $2.61M to Bangladesh. The main products exported from Dominican Republic to Bangladesh were Scrap Iron ($2.29M), Tanned Equine and Bovine Hides ($251k), and Blank Audio Media ($57.5k). During the last 5 years the exports of Dominican Republic to Bangladesh have increased at an annualized rate of 13.4%, from $1.39M in 2018 to $2.61M in 2023.

In 2018, Bangladesh exported $20.5M to Dominican Republic. The main products exported from Bangladesh to Dominican Republic were Raw Tobacco ($3.68M), Knitted Hats ($3.13M), and Knit T-shirts ($2.82M). During the last 5 years the exports of Bangladesh to Dominican Republic have increased at an annualized rate of 20.3%, from $8.13M in 2023 to $20.5M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Dominican Republic than Bangladesh included Haiti ($856M), South Korea ($236M), and Jamaica ($115M).

In 2023, countries that imported more from Bangladesh than Dominican Republic included Germany ($8.28B), United Kingdom ($4.25B), and Spain ($3.95B).

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

Comparative Advantage Dominican Republic - Bangladesh

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Bangladesh in the exports of Metals ($2.29M), Animal Hides ($251k), and Machines ($57.5k).

During 2018, Bangladesh had a large net trade with Dominican Republic in the exports of Textiles ($12.6M), Foodstuffs ($3.68M), and Footwear and Headwear ($3.15M).

Potential Exports

Potential Exports

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

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

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

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