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Pricing

2023
Flag → Flag
Exports $48MRnk 27 / 166
2023
Flag → Flag
Top Product $21.2MKnit T-shirts
2023
Flag → Flag
Exports $34.4MRnk 19 / 149
2023
Flag → Flag
Top Product $18.2MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 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$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Dominican Republic-Nicaragua Trade: In 2023, Dominican Republic exported $48M to Nicaragua. The main products that Dominican Republic exported to Nicaragua were Knit T-shirts ($21.2M), Raw Tobacco ($6.4M), and Packaged Medicaments ($4.22M). Over the past 5 years the exports of Dominican Republic to Nicaragua have increased at an annualized rate of 14%, from $25M in 2018 to $48M in 2023.

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

Nicaragua-Dominican Republic Trade: In 2023, Nicaragua exported $34.4M to Dominican Republic. The main products that Nicaragua exported to Dominican Republic were Raw Tobacco ($18.2M), Frozen Bovine Meat ($2.83M), and Packaged Medicaments ($2.7M). Over the past 5 years the exports of Nicaragua to Dominican Republic have increased at an annualized rate of 10.9%,  from $20.5M in 2018 to $34.4M in 2023.

In 2023, Nicaragua 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, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $48M to Nicaragua. The main products exported from Dominican Republic to Nicaragua were Knit T-shirts ($21.2M), Raw Tobacco ($6.4M), and Packaged Medicaments ($4.22M). During the last 5 years the exports of Dominican Republic to Nicaragua have increased at an annualized rate of 14%, from $25M in 2018 to $48M in 2023.

In 2018, Nicaragua exported $34.4M to Dominican Republic. The main products exported from Nicaragua to Dominican Republic were Raw Tobacco ($18.2M), Frozen Bovine Meat ($2.83M), and Packaged Medicaments ($2.7M). During the last 5 years the exports of Nicaragua to Dominican Republic have increased at an annualized rate of 10.9%, from $20.5M in 2023 to $34.4M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Dominican Republic than Nicaragua included United States ($7.08B), Haiti ($856M), and China ($636M).

In 2023, countries that imported more from Nicaragua than Dominican Republic included Mexico ($1.04B), El Salvador ($488M), and Honduras ($297M).

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

Comparative Advantage Dominican Republic - Nicaragua

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Nicaragua in the exports of Textiles ($23.4M), Foodstuffs ($8.33M), and Machines ($4.78M).

During 2018, Nicaragua had a large net trade with Dominican Republic in the exports of Foodstuffs ($23.4M), Animal Products ($3.52M), and Chemical Products ($3.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Nicaragua+$1.41MLow-voltage Protection Equipment
Top Product Potential Nicaragua Dominican Republic+$1.48MCoffee

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

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

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