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2022
Flag → Flag
Exports $26.5MRnk 37 / 163
2022
Flag → Flag
Top Product $6.94MPackaged Medicaments
2022
Flag → Flag
Exports $76.7MRnk 14 / 126
2022
Flag → Flag
Top Product $43.1MSemi-Finished Iron
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Dominican Republic-Venezuela Trade: In 2022, Dominican Republic exported $26.5M to Venezuela. The main products that Dominican Republic exported to Venezuela were Packaged Medicaments ($6.94M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($4.08M), and Ethylene Polymers ($3.65M). Over the past 5 years the exports of Dominican Republic to Venezuela have decreased at an annualized rate of 6.12%, from $36.4M in 2017 to $26.5M in 2022.

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

Venezuela-Dominican Republic Trade: In 2022, Venezuela exported $76.7M to Dominican Republic. The main products that Venezuela exported to Dominican Republic were Semi-Finished Iron ($43.1M), Raw Aluminium ($11.8M), and Hard Liquor ($8.81M). Over the past 5 years the exports of Venezuela to Dominican Republic have increased at an annualized rate of 10.6%,  from $34.2M in 2017 to $76.7M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $26.5M to Venezuela. The main products exported from Dominican Republic to Venezuela were Packaged Medicaments ($6.94M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($4.08M), and Ethylene Polymers ($3.65M). During the last 5 years the exports of Dominican Republic to Venezuela have decreased at an annualized rate of 6.12%, from $36.4M in 2017 to $26.5M in 2022.

In 2017, Venezuela exported $76.7M to Dominican Republic. The main products exported from Venezuela to Dominican Republic were Semi-Finished Iron ($43.1M), Raw Aluminium ($11.8M), and Hard Liquor ($8.81M). During the last 5 years the exports of Venezuela to Dominican Republic have increased at an annualized rate of 10.6%, from $34.2M in 2022 to $76.7M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Venezuela
Top DestinationChina$703M

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

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

In 2022, countries that imported more from Venezuela than Dominican Republic included Turkey ($597M), Spain ($518M), and Brazil ($361M).

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

Comparative Advantage Dominican Republic - Venezuela

Flow
Scale

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

During 2022, Dominican Republic had a large net trade with Venezuela in the exports of Chemical Products ($12.9M), Plastics and Rubbers ($10.6M), and Stone And Glass ($520k).

During 2017, Venezuela had a large net trade with Dominican Republic in the exports of Metals ($55.9M), Foodstuffs ($9.14M), and Mineral Products ($8.97M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Dominican Republic and Venezuela. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Dominican Republic.

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

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