NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $236MRnk 8 / 166
2023
Flag → Flag
Top Product $198MFerroalloys
2023
Flag → Flag
Exports $338MRnk 68 / 142
2023
Flag → Flag
Top Product $138MCars
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 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$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

Dominican Republic-South Korea Trade: In 2023, Dominican Republic exported $236M to South Korea. The main products that Dominican Republic exported to South Korea were Ferroalloys ($198M), Medical Instruments ($15.7M), and Scrap Copper ($5.94M). Over the past 5 years the exports of Dominican Republic to South Korea have increased at an annualized rate of 6.93%, from $169M in 2018 to $236M in 2023.

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

South Korea-Dominican Republic Trade: In 2023, South Korea exported $338M to Dominican Republic. The main products that South Korea exported to Dominican Republic were Cars ($138M), Delivery Trucks ($44.4M), and Buses ($18.7M). Over the past 5 years the exports of South Korea to Dominican Republic have increased at an annualized rate of 3.15%,  from $290M in 2018 to $338M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $236M to South Korea. The main products exported from Dominican Republic to South Korea were Ferroalloys ($198M), Medical Instruments ($15.7M), and Scrap Copper ($5.94M). During the last 5 years the exports of Dominican Republic to South Korea have increased at an annualized rate of 6.93%, from $169M in 2018 to $236M in 2023.

In 2018, South Korea exported $338M to Dominican Republic. The main products exported from South Korea to Dominican Republic were Cars ($138M), Delivery Trucks ($44.4M), and Buses ($18.7M). During the last 5 years the exports of South Korea to Dominican Republic have increased at an annualized rate of 3.15%, from $290M in 2023 to $338M in 2018.

Exports from Dominican Republic (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Dominican Republic (Flag) (2023)

Latest Data

Trade between Dominican Republic (Flag) and South Korea (Flag)

Dominican Republic Exports

South Korea Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Dominican Republic than South Korea included Haiti ($856M), Jamaica ($115M), and Trinidad and Tobago ($51.1M).

In 2023, countries that imported more from South Korea than Dominican Republic included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Dominican Republic (Flag) (2023)

Comparative Advantage Dominican Republic - South Korea

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with South Korea in the exports of Metals ($209M), Instruments ($15.8M), and Chemical Products ($3.45M).

During 2018, South Korea had a large net trade with Dominican Republic in the exports of Transportation ($208M), Machines ($63.9M), and Chemical Products ($19.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic South Korea+$15.5MMedical Instruments
Top Product Potential South Korea Dominican Republic+$36.1MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Dominican Republic (Flag) and South Korea (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms