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2023
Flag → Flag
Exports $52.6MRnk 23 / 166
2023
Flag → Flag
Top Product $12MPackaged Medicaments
2023
Flag → Flag
Exports $261MRnk 11 / 170
2023
Flag → Flag
Top Product $18.2MDental Products
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 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$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Dominican Republic-Guatemala Trade: In 2023, Dominican Republic exported $52.6M to Guatemala. The main products that Dominican Republic exported to Guatemala were Packaged Medicaments ($12M), Frozen Bovine Meat ($5.92M), and Low-voltage Protection Equipment ($5.53M). Over the past 5 years the exports of Dominican Republic to Guatemala have increased at an annualized rate of 18.1%, from $22.9M in 2018 to $52.6M in 2023.

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

Guatemala-Dominican Republic Trade: In 2023, Guatemala exported $261M to Dominican Republic. The main products that Guatemala exported to Dominican Republic were Dental Products ($18.2M), Cleaning Products ($17.6M), and Packaged Medicaments ($17.1M). Over the past 5 years the exports of Guatemala to Dominican Republic have increased at an annualized rate of 6.66%,  from $189M in 2018 to $261M in 2023.

In 2023, Guatemala 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, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $52.6M to Guatemala. The main products exported from Dominican Republic to Guatemala were Packaged Medicaments ($12M), Frozen Bovine Meat ($5.92M), and Low-voltage Protection Equipment ($5.53M). During the last 5 years the exports of Dominican Republic to Guatemala have increased at an annualized rate of 18.1%, from $22.9M in 2018 to $52.6M in 2023.

In 2018, Guatemala exported $261M to Dominican Republic. The main products exported from Guatemala to Dominican Republic were Dental Products ($18.2M), Cleaning Products ($17.6M), and Packaged Medicaments ($17.1M). During the last 5 years the exports of Guatemala to Dominican Republic have increased at an annualized rate of 6.66%, from $189M in 2023 to $261M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Guatemala Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Dominican Republic than Guatemala included United States ($7.08B), Haiti ($856M), and Switzerland ($885M).

In 2023, countries that imported more from Guatemala than Dominican Republic included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

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

Comparative Advantage Dominican Republic - Guatemala

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Guatemala in the exports of Chemical Products ($14.6M), Machines ($9.44M), and Plastics and Rubbers ($8.68M).

During 2018, Guatemala had a large net trade with Dominican Republic in the exports of Chemical Products ($99.3M), Foodstuffs ($85.4M), and Animal and Vegetable Bi-Products ($15.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Guatemala+$1.52MLow-voltage Protection Equipment
Top Product Potential Guatemala Dominican Republic+$1.63MPlastic Lids

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

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

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