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Pricing

2022
Flag → Flag
Exports $2.86MRnk 82 / 163
2022
Flag → Flag
Top Product $1.27MPackaged Medicaments
2022
Flag → Flag
Exports $27MRnk 26 / 146
2022
Flag → Flag
Top Product $18.9MSoybean Oil
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 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$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Dominican Republic-Bolivia Trade: In 2022, Dominican Republic exported $2.86M to Bolivia. The main products that Dominican Republic exported to Bolivia were Packaged Medicaments ($1.27M), Rolled Tobacco ($314k), and Pens ($314k). Over the past 5 years the exports of Dominican Republic to Bolivia have increased at an annualized rate of 20.7%, from $1.12M in 2017 to $2.86M in 2022.

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

Bolivia-Dominican Republic Trade: In 2022, Bolivia exported $27M to Dominican Republic. The main products that Bolivia exported to Dominican Republic were Soybean Oil ($18.9M), Sawn Wood ($3.89M), and Leather Sheets ($1.65M). Over the past 5 years the exports of Bolivia to Dominican Republic have increased at an annualized rate of 49.6%,  from $3.6M in 2017 to $27M in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $2.86M to Bolivia. The main products exported from Dominican Republic to Bolivia were Packaged Medicaments ($1.27M), Rolled Tobacco ($314k), and Pens ($314k). During the last 5 years the exports of Dominican Republic to Bolivia have increased at an annualized rate of 20.7%, from $1.12M in 2017 to $2.86M in 2022.

In 2017, Bolivia exported $27M to Dominican Republic. The main products exported from Bolivia to Dominican Republic were Soybean Oil ($18.9M), Sawn Wood ($3.89M), and Leather Sheets ($1.65M). During the last 5 years the exports of Bolivia to Dominican Republic have increased at an annualized rate of 49.6%, from $3.6M in 2022 to $27M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Bolivia Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Bolivia
Top DestinationIndia$2.27B

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

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

In 2022, countries that imported more from Bolivia than Dominican Republic included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

Comparative Advantage Dominican Republic - Bolivia

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Bolivia in the exports of Chemical Products ($1.34M), Foodstuffs ($557k), and Miscellaneous ($453k).

During 2017, Bolivia had a large net trade with Dominican Republic in the exports of Animal and Vegetable Bi-Products ($18.9M), Wood Products ($4.38M), and Animal Hides ($2.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Bolivia+$481kRolled Tobacco
Top Product Potential Bolivia Dominican Republic+$136kRefined 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 Bolivia. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Dominican Republic.

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

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