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2023
Flag → Flag
Exports $24.2MRnk 41 / 166
2023
Flag → Flag
Top Product $20.8MCocoa Beans
2023
Flag → Flag
Exports $57.6MRnk 106 / 221
2023
Flag → Flag
Top Product $15.4MInsulated Wire
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Dominican Republic-Malaysia Trade: In 2023, Dominican Republic exported $24.2M to Malaysia. The main products that Dominican Republic exported to Malaysia were Cocoa Beans ($20.8M), Scrap Copper ($1.04M), and Scrap Iron ($392k). Over the past 5 years the exports of Dominican Republic to Malaysia have increased at an annualized rate of 43.4%, from $4M in 2018 to $24.2M in 2023.

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

Malaysia-Dominican Republic Trade: In 2023, Malaysia exported $57.6M to Dominican Republic. The main products that Malaysia exported to Dominican Republic were Insulated Wire ($15.4M), Air Pumps ($4M), and Palm Oil ($3.89M). Over the past 5 years the exports of Malaysia to Dominican Republic have increased at an annualized rate of 1.27%,  from $45.9M in 2018 to $57.6M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $24.2M to Malaysia. The main products exported from Dominican Republic to Malaysia were Cocoa Beans ($20.8M), Scrap Copper ($1.04M), and Scrap Iron ($392k). During the last 5 years the exports of Dominican Republic to Malaysia have increased at an annualized rate of 43.4%, from $4M in 2018 to $24.2M in 2023.

In 2018, Malaysia exported $57.6M to Dominican Republic. The main products exported from Malaysia to Dominican Republic were Insulated Wire ($15.4M), Air Pumps ($4M), and Palm Oil ($3.89M). During the last 5 years the exports of Malaysia to Dominican Republic have increased at an annualized rate of 1.27%, from $45.9M in 2023 to $57.6M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Malaysia Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Dominican Republic than Malaysia included Haiti ($856M), Jamaica ($115M), and Guyana ($72.5M).

In 2023, countries that imported more from Malaysia than Dominican Republic included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Dominican Republic - Malaysia

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Malaysia in the exports of Foodstuffs ($20.9M), Metals ($2.01M), and Footwear and Headwear ($394k).

During 2018, Malaysia had a large net trade with Dominican Republic in the exports of Machines ($27M), Miscellaneous ($5.61M), and Chemical Products ($5.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Malaysia+$1.1MCocoa Beans
Top Product Potential Malaysia Dominican Republic+$2.45MOther Furniture

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

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

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