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2023
Flag → Flag
Exports $311kRnk 118 / 166
2023
Flag → Flag
Exports $267kRnk 101 / 157
2023
Flag → Flag
Top Product $159kFish Fillets
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Dominican Republic-Iceland Trade: In 2023, Dominican Republic exported $311k to Iceland. The main products that Dominican Republic exported to Iceland were N/A. Over the past 5 years the exports of Dominican Republic to Iceland have decreased at an annualized rate of 5.97%, from $423k in 2018 to $311k in 2023.

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

Iceland-Dominican Republic Trade: In 2023, Iceland exported $267k to Dominican Republic. The main products that Iceland exported to Dominican Republic were Fish Fillets ($159k), Non-fillet Frozen Fish ($86.8k), and Electric Heaters ($8.43k). Over the past 5 years the exports of Iceland to Dominican Republic have decreased at an annualized rate of 4.06%,  from $328k in 2018 to $267k in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $311k to Iceland. There were not main exports from Dominican Republic to Iceland in 2023. During the last 5 years the exports of Dominican Republic to Iceland have decreased at an annualized rate of 5.97%, from $423k in 2018 to $311k in 2023.

In 2018, Iceland exported $267k to Dominican Republic. The main products exported from Iceland to Dominican Republic were Fish Fillets ($159k), Non-fillet Frozen Fish ($86.8k), and Electric Heaters ($8.43k). During the last 5 years the exports of Iceland to Dominican Republic have decreased at an annualized rate of 4.06%, from $328k in 2023 to $267k in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

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

In 2023, countries that imported more from Iceland than Dominican Republic included Netherlands ($1.97B), Germany ($771M), and Norway ($444M).

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

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 2023, Dominican Republic had a large net trade with Iceland in the exports of Vegetable Products ($116k), Instruments ($52k), and Foodstuffs ($43k).

During 2018, Iceland had a large net trade with Dominican Republic in the exports of Animal Products ($246k), Instruments ($9.35k), and Machines ($8.43k).

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) (2023)

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