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Pricing

2022
Flag → Flag
Exports $25.6MRnk 39 / 163
2022
Flag → Flag
Top Product $8.66MPackaged Medicaments
2022
Flag → Flag
Exports $154MRnk 27 / 170
2022
Flag → Flag
Top Product $81.4MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Dominican Republic-Ecuador Trade: In 2022, Dominican Republic exported $25.6M to Ecuador. The main products that Dominican Republic exported to Ecuador were Packaged Medicaments ($8.66M), Scented Mixtures ($5.28M), and Low-voltage Protection Equipment ($5.13M). Over the past 5 years the exports of Dominican Republic to Ecuador have decreased at an annualized rate of 2.5%, from $29.1M in 2017 to $25.6M in 2022.

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

Ecuador-Dominican Republic Trade: In 2022, Ecuador exported $154M to Dominican Republic. The main products that Ecuador exported to Dominican Republic were Raw Tobacco ($81.4M), Glass Bottles ($6.36M), and Cut Flowers ($6.3M). Over the past 5 years the exports of Ecuador to Dominican Republic have increased at an annualized rate of 14.1%,  from $79.6M in 2017 to $154M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $25.6M to Ecuador. The main products exported from Dominican Republic to Ecuador were Packaged Medicaments ($8.66M), Scented Mixtures ($5.28M), and Low-voltage Protection Equipment ($5.13M). During the last 5 years the exports of Dominican Republic to Ecuador have decreased at an annualized rate of 2.5%, from $29.1M in 2017 to $25.6M in 2022.

In 2017, Ecuador exported $154M to Dominican Republic. The main products exported from Ecuador to Dominican Republic were Raw Tobacco ($81.4M), Glass Bottles ($6.36M), and Cut Flowers ($6.3M). During the last 5 years the exports of Ecuador to Dominican Republic have increased at an annualized rate of 14.1%, from $79.6M in 2022 to $154M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Ecuador Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Dominican Republic than Ecuador included Haiti ($1.02B), Switzerland ($1.08B), and South Korea ($261M).

In 2022, countries that imported more from Ecuador than Dominican Republic included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

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

Comparative Advantage Dominican Republic - Ecuador

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Ecuador in the exports of Chemical Products ($14.8M), Machines ($5.49M), and Foodstuffs ($2.4M).

During 2017, Ecuador had a large net trade with Dominican Republic in the exports of Foodstuffs ($94.2M), Plastics and Rubbers ($9.13M), and Machines ($8.42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Ecuador+$3.73kMedical Instruments
Top Product Potential Ecuador Dominican Republic+$6.52kCrude 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 Ecuador. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Dominican Republic.

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

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