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2023
Flag → Flag
Exports $32.8MRnk 35 / 166
2023
Flag → Flag
Top Product $9MOther Plastic Products
2023
Flag → Flag
Exports $145MRnk 80 / 216
2023
Flag → Flag
Top Product $59.2MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Dominican Republic-Thailand Trade: In 2023, Dominican Republic exported $32.8M to Thailand. The main products that Dominican Republic exported to Thailand were Other Plastic Products ($9M), Medical Instruments ($6.72M), and Ferroalloys ($4.4M). Over the past 5 years the exports of Dominican Republic to Thailand have decreased at an annualized rate of 1.82%, from $35.9M in 2018 to $32.8M in 2023.

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

Thailand-Dominican Republic Trade: In 2023, Thailand exported $145M to Dominican Republic. The main products that Thailand exported to Dominican Republic were Delivery Trucks ($59.2M), Cars ($14.3M), and Processed Fish ($12.9M). Over the past 5 years the exports of Thailand to Dominican Republic have increased at an annualized rate of 8.25%,  from $97.3M in 2018 to $145M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $32.8M to Thailand. The main products exported from Dominican Republic to Thailand were Other Plastic Products ($9M), Medical Instruments ($6.72M), and Ferroalloys ($4.4M). During the last 5 years the exports of Dominican Republic to Thailand have decreased at an annualized rate of 1.82%, from $35.9M in 2018 to $32.8M in 2023.

In 2018, Thailand exported $145M to Dominican Republic. The main products exported from Thailand to Dominican Republic were Delivery Trucks ($59.2M), Cars ($14.3M), and Processed Fish ($12.9M). During the last 5 years the exports of Thailand to Dominican Republic have increased at an annualized rate of 8.25%, from $97.3M in 2023 to $145M in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Thailand Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Dominican Republic than Thailand included Haiti ($856M), Cuba ($49.9M), and Guyana ($72.5M).

In 2023, countries that imported more from Thailand than Dominican Republic included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Dominican Republic - Thailand

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Thailand in the exports of Plastics and Rubbers ($9.67M), Metals ($8.79M), and Instruments ($7.04M).

During 2018, Thailand had a large net trade with Dominican Republic in the exports of Transportation ($76.2M), Machines ($26.5M), and Foodstuffs ($14.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Thailand+$5.97MMedical Instruments
Top Product Potential Thailand Dominican Republic+$10MCars

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

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

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