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2022
Flag → Flag
Exports $379kRnk 115 / 163
2022
Flag → Flag
Top Product $116kMedical Instruments
2022
Flag → Flag
Exports $126kRnk 110 / 160
2022
Flag → Flag
Top Product $62.6kNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Dominican Republic-Iceland Trade: In 2022, Dominican Republic exported $379k to Iceland. The main products that Dominican Republic exported to Iceland were Medical Instruments ($116k), Bananas ($73.3k), and Refined Petroleum ($31.4k). Over the past 5 years the exports of Dominican Republic to Iceland have decreased at an annualized rate of 0.87%, from $396k in 2017 to $379k in 2022.

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

Iceland-Dominican Republic Trade: In 2022, Iceland exported $126k to Dominican Republic. The main products that Iceland exported to Dominican Republic were Non-fillet Frozen Fish ($62.6k), Fish Fillets ($33.5k), and Orthopedic Appliances ($23k). Over the past 5 years the exports of Iceland to Dominican Republic have decreased at an annualized rate of 16.4%,  from $308k in 2017 to $126k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $379k to Iceland. The main products exported from Dominican Republic to Iceland were Medical Instruments ($116k), Bananas ($73.3k), and Refined Petroleum ($31.4k). During the last 5 years the exports of Dominican Republic to Iceland have decreased at an annualized rate of 0.87%, from $396k in 2017 to $379k in 2022.

In 2017, Iceland exported $126k to Dominican Republic. The main products exported from Iceland to Dominican Republic were Non-fillet Frozen Fish ($62.6k), Fish Fillets ($33.5k), and Orthopedic Appliances ($23k). During the last 5 years the exports of Iceland to Dominican Republic have decreased at an annualized rate of 16.4%, from $308k in 2022 to $126k in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Dominican Republic included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

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

Comparative Advantage Dominican Republic - Iceland

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Iceland in the exports of Instruments ($127k), Vegetable Products ($89.6k), and Mineral Products ($31.4k).

During 2017, Iceland had a large net trade with Dominican Republic in the exports of Animal Products ($96.1k), Instruments ($23.8k), and Machines ($2.43k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Dominican Republic and Iceland. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Dominican Republic.

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

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