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Pricing

2022
Flag → Flag
Exports $22.6MRnk 43 / 163
2022
Flag → Flag
Top Product $16.6MFerroalloys
2022
Flag → Flag
Exports $17.6MRnk 100 / 207
2022
Flag → Flag
Top Product $4.25MCellulose Fibers Paper
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 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$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Dominican Republic-Finland Trade: In 2022, Dominican Republic exported $22.6M to Finland. The main products that Dominican Republic exported to Finland were Ferroalloys ($16.6M), Medical Instruments ($2.17M), and Other Plastic Products ($1.36M). Over the past 5 years the exports of Dominican Republic to Finland have increased at an annualized rate of 15.3%, from $11.1M in 2017 to $22.6M in 2022.

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

Finland-Dominican Republic Trade: In 2022, Finland exported $17.6M to Dominican Republic. The main products that Finland exported to Dominican Republic were Cellulose Fibers Paper ($4.25M), Kraft Paper ($933k), and Kaolin Coated Paper ($879k). Over the past 5 years the exports of Finland to Dominican Republic have increased at an annualized rate of 4.95%,  from $13.8M in 2017 to $17.6M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $22.6M to Finland. The main products exported from Dominican Republic to Finland were Ferroalloys ($16.6M), Medical Instruments ($2.17M), and Other Plastic Products ($1.36M). During the last 5 years the exports of Dominican Republic to Finland have increased at an annualized rate of 15.3%, from $11.1M in 2017 to $22.6M in 2022.

In 2017, Finland exported $17.6M to Dominican Republic. The main products exported from Finland to Dominican Republic were Cellulose Fibers Paper ($4.25M), Kraft Paper ($933k), and Kaolin Coated Paper ($879k). During the last 5 years the exports of Finland to Dominican Republic have increased at an annualized rate of 4.95%, from $13.8M in 2022 to $17.6M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Finland Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Dominican Republic than Finland included Haiti ($1.02B), Jamaica ($139M), and Nicaragua ($71.3M).

In 2022, countries that imported more from Finland than Dominican Republic included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

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

Comparative Advantage Dominican Republic - Finland

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Finland in the exports of Metals ($16.6M), Instruments ($2.5M), and Plastics and Rubbers ($1.37M).

During 2017, Finland had a large net trade with Dominican Republic in the exports of Paper Goods ($6.85M), Machines ($6.13M), and Instruments ($1.67M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Finland+$2.65MMedical Instruments
Top Product Potential Finland Dominican Republic+$1.03MKaolin Coated Paper

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

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

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