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Pricing

2022
Flag → Flag
Exports $22.5MRnk 44 / 163
2022
Flag → Flag
Top Product $12.8MLow-voltage Protection Equipment
2022
Flag → Flag
Exports $15.2kRnk 139 / 156
2022
Flag → Flag
Top Product $6.82kIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 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$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Dominican Republic-Kuwait Trade: In 2022, Dominican Republic exported $22.5M to Kuwait. The main products that Dominican Republic exported to Kuwait were Low-voltage Protection Equipment ($12.8M), Medical Instruments ($3.8M), and Other Plastic Products ($2.23M). Over the past 5 years the exports of Dominican Republic to Kuwait have increased at an annualized rate of 25.1%, from $7.34M in 2017 to $22.5M in 2022.

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

Kuwait-Dominican Republic Trade: In 2022, Kuwait exported $15.2k to Dominican Republic. The main products that Kuwait exported to Dominican Republic were Integrated Circuits ($6.82k), Lifting Machinery ($6.13k), and Knitted Hats ($502). Over the past 5 years the exports of Kuwait to Dominican Republic have increased at an annualized rate of 21.3%,  from $101 in 2017 to $15.2k in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $22.5M to Kuwait. The main products exported from Dominican Republic to Kuwait were Low-voltage Protection Equipment ($12.8M), Medical Instruments ($3.8M), and Other Plastic Products ($2.23M). During the last 5 years the exports of Dominican Republic to Kuwait have increased at an annualized rate of 25.1%, from $7.34M in 2017 to $22.5M in 2022.

In 2017, Kuwait exported $15.2k to Dominican Republic. The main products exported from Kuwait to Dominican Republic were Integrated Circuits ($6.82k), Lifting Machinery ($6.13k), and Knitted Hats ($502). During the last 5 years the exports of Kuwait to Dominican Republic have increased at an annualized rate of 21.3%, from $101 in 2022 to $15.2k in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Kuwait Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Dominican Republic included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Dominican Republic - Kuwait

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Kuwait in the exports of Machines ($13.1M), Instruments ($4.11M), and Plastics and Rubbers ($2.25M).

During 2017, Kuwait had a large net trade with Dominican Republic in the exports of Machines ($13k), Metals ($544), and Footwear and Headwear ($502).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Kuwait+$3.07MMedical Instruments
Top Product Potential Kuwait Dominican Republic+$16.6kLifting Machinery

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

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

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