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Pricing

2022
Flag → Flag
Exports $71.3MRnk 20 / 163
2022
Flag → Flag
Top Product $38.8MKnit T-shirts
2022
Flag → Flag
Exports $24.1MRnk 25 / 148
2022
Flag → Flag
Top Product $7.69MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Dominican Republic-Nicaragua Trade: In 2022, Dominican Republic exported $71.3M to Nicaragua. The main products that Dominican Republic exported to Nicaragua were Knit T-shirts ($38.8M), Raw Tobacco ($11M), and Packaged Medicaments ($7.3M). Over the past 5 years the exports of Dominican Republic to Nicaragua have increased at an annualized rate of 20.9%, from $27.6M in 2017 to $71.3M in 2022.

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

Nicaragua-Dominican Republic In N/A, Nicaragua did not export any products to Dominican Republic.

In 2022, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $71.3M to Nicaragua. The main products exported from Dominican Republic to Nicaragua were Knit T-shirts ($38.8M), Raw Tobacco ($11M), and Packaged Medicaments ($7.3M). During the last 5 years the exports of Dominican Republic to Nicaragua have increased at an annualized rate of 20.9%, from $27.6M in 2017 to $71.3M in 2022.

Nicaragua does not register exports to Dominican Republic. The main products exported from Nicaragua to Dominican Republic were Raw Tobacco ($7.69M), Packaged Medicaments ($2.82M), and Coffee ($2.11M).

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

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

Latest Data

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

Dominican Republic Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Nicaragua than Dominican Republic included Mexico ($943M), Honduras ($541M), and El Salvador ($437M).

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

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 2022, Dominican Republic had a large net trade with Nicaragua in the exports of Textiles ($39.6M), Foodstuffs ($11.9M), and Chemical Products ($8.33M).

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) (2022)

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