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2023
Flag → Flag
Exports $1.12BRnk 43 / 220
2023
Flag → Flag
Top Product $74.6MUnglazed Ceramics
2023
Flag → Flag
Exports $144MRnk 12 / 166
2023
Flag → Flag
Top Product $60.2MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Spain-Dominican Republic Trade: In 2023, Spain exported $1.12B to Dominican Republic. The main products that Spain exported to Dominican Republic were Unglazed Ceramics ($74.6M), Iron Structures ($60.7M), and Railway Passenger Cars ($44M). Over the past 5 years the exports of Spain to Dominican Republic have increased at an annualized rate of 6.73%, from $812M in 2018 to $1.12B in 2023.

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

Dominican Republic-Spain Trade: In 2023, Dominican Republic exported $144M to Spain. The main products that Dominican Republic exported to Spain were Hard Liquor ($60.2M), Medical Instruments ($17.4M), and Cocoa Beans ($9.46M). Over the past 5 years the exports of Dominican Republic to Spain have decreased at an annualized rate of 3.52%,  from $172M in 2018 to $144M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €77.1M and imported €14M from Dominican Republic, resulting in a positive trade balance of €63.1M. Between November 2023 and November 2024 the exports of Spain have decreased by €-3.85M (-4.75%) from €81M to €77.1M, while imports increased by €2.17M (18.3%) from €11.9M to €14M.

Trade In November 2024, the top exports of Spain to Dominican Republic were Iron Structures (€3.53M), Unglazed Ceramics (€2.51M), Other Edible Preparations (€2.42M), Wine (€1.73M), and Cars (€1.62M). In November 2024 the top imports of Spain from Dominican Republic were Hard Liquor (€4.6M), Medical Instruments (€1.34M), Raw Tobacco (€892k), Special Pharmaceuticals (€719k), and Cocoa Beans (€492k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€11M), Madrid (€8.01M), Valencia (€6.83M), Castellón (€6.81M), and Murcia (€5.36M), while imports destinations were mainly Valencia (€3.61M), Barcelona (€3.13M), Madrid (€1.93M), Cádiz (€1.51M), and Málaga (€1.31M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Dominican Republic was explained primarily by an decrease in product exports in Unglazed Ceramics (€-3.41M or -57.6%), Glass Bottles (€-2.37M or -86.1%), and Iron Blocks (€-1.71M or -60.8%). In November 2024, the increase in Spain's year-by-year imports  from Dominican Republic was explained primarily by an increase in product imports  in Hard Liquor (€1.61M or 53.9%), Cocoa Beans (€370k or 301%), and Medical Instruments (€344k or 34.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-3.85M(-4.75%)
IMPORT GROWTH (November 2023 - November 2024)€2.17M(18.3%)
MAIN EXPORTER (November 2024)Barcelona€11M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Dominican Republic and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Dominican Republic and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $1.12B to Dominican Republic. The main products exported from Spain to Dominican Republic were Unglazed Ceramics ($74.6M), Iron Structures ($60.7M), and Railway Passenger Cars ($44M). During the last 5 years the exports of Spain to Dominican Republic have increased at an annualized rate of 6.73%, from $812M in 2018 to $1.12B in 2023.

In 2018, Dominican Republic exported $144M to Spain. The main products exported from Dominican Republic to Spain were Hard Liquor ($60.2M), Medical Instruments ($17.4M), and Cocoa Beans ($9.46M). During the last 5 years the exports of Dominican Republic to Spain have decreased at an annualized rate of 3.52%, from $172M in 2023 to $144M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Spain than Dominican Republic included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Dominican Republic than Spain included Haiti ($856M), Guyana ($72.5M), and Trinidad and Tobago ($51.1M).

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

Comparative Advantage Spain - Dominican Republic

Flow
Scale

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

During 2023, Spain had a large net trade with Dominican Republic in the exports of Machines ($196M), Foodstuffs ($165M), and Metals ($149M).

During 2018, Dominican Republic had a large net trade with Spain in the exports of Foodstuffs ($89.9M), Instruments ($19.4M), and Vegetable Products ($10.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Dominican Republic+$18.5MRefined Petroleum
Top Product Potential Dominican Republic Spain+$16MMedical Instruments

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

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

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