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Pricing

2022
Flag → Flag
Exports $3.41MRnk 79 / 163
2022
Flag → Flag
Top Product $1.36MTextile Footwear
2022
Flag → Flag
Exports $5.63MRnk 59 / 158
2022
Flag → Flag
Top Product $1.62MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 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$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Dominican Republic-Paraguay Trade: In 2022, Dominican Republic exported $3.41M to Paraguay. The main products that Dominican Republic exported to Paraguay were Textile Footwear ($1.36M), Packaged Medicaments ($673k), and Hair Products ($444k). Over the past 5 years the exports of Dominican Republic to Paraguay have increased at an annualized rate of 11%, from $2.02M in 2017 to $3.41M in 2022.

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

Paraguay-Dominican Republic Trade: In 2022, Paraguay exported $5.63M to Dominican Republic. The main products that Paraguay exported to Dominican Republic were Raw Tobacco ($1.62M), Packaged Medicaments ($1.21M), and Concentrated Milk ($1.17M). Over the past 5 years the exports of Paraguay to Dominican Republic have increased at an annualized rate of 10.6%,  from $3.41M in 2017 to $5.63M in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $3.41M to Paraguay. The main products exported from Dominican Republic to Paraguay were Textile Footwear ($1.36M), Packaged Medicaments ($673k), and Hair Products ($444k). During the last 5 years the exports of Dominican Republic to Paraguay have increased at an annualized rate of 11%, from $2.02M in 2017 to $3.41M in 2022.

In 2017, Paraguay exported $5.63M to Dominican Republic. The main products exported from Paraguay to Dominican Republic were Raw Tobacco ($1.62M), Packaged Medicaments ($1.21M), and Concentrated Milk ($1.17M). During the last 5 years the exports of Paraguay to Dominican Republic have increased at an annualized rate of 10.6%, from $3.41M in 2022 to $5.63M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Paraguay Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Paraguay
Top DestinationBrazil$3.67B

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

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

In 2022, countries that imported more from Paraguay than Dominican Republic included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Dominican Republic - Paraguay

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Paraguay in the exports of Footwear and Headwear ($1.38M), Chemical Products ($1.32M), and Foodstuffs ($254k).

During 2017, Paraguay had a large net trade with Dominican Republic in the exports of Foodstuffs ($1.64M), Chemical Products ($1.29M), and Vegetable Products ($1.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Paraguay+$338kPackaged Medicaments
Top Product Potential Paraguay Dominican Republic+$531kPackaged Medicaments

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

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

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