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Pricing

2022
Flag → Flag
Exports $57.1kRnk 136 / 154
2022
Flag → Flag
Top Product $17.6kMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $24.6kRnk 143 / 163
2022
Flag → Flag
Top Product $24.6kRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Georgia-Dominican Republic Trade: In 2022, Georgia exported $57.1k to Dominican Republic. The main products that Georgia exported to Dominican Republic were Motor vehicles; parts and accessories (8701 to 8705) ($17.6k), Manganese Oxides ($10.3k), and Non-Knit Women's Suits ($6.46k). Over the past 5 years the exports of Georgia to Dominican Republic have decreased at an annualized rate of 35.9%, from $527k in 2017 to $57.1k in 2022.

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

Dominican Republic-Georgia Trade: In 2022, Dominican Republic exported $24.6k to Georgia. The main products that Dominican Republic exported to Georgia were Rolled Tobacco ($24.6k). Over the past 5 years the exports of Dominican Republic to Georgia have increased at an annualized rate of 2.62%,  from $20.5k in 2017 to $24.6k in 2022.

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

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $57.1k to Dominican Republic. The main products exported from Georgia to Dominican Republic were Motor vehicles; parts and accessories (8701 to 8705) ($17.6k), Manganese Oxides ($10.3k), and Non-Knit Women's Suits ($6.46k). During the last 5 years the exports of Georgia to Dominican Republic have decreased at an annualized rate of 35.9%, from $527k in 2017 to $57.1k in 2022.

In 2017, Dominican Republic exported $24.6k to Georgia. The main products exported from Dominican Republic to Georgia were Rolled Tobacco ($24.6k). During the last 5 years the exports of Dominican Republic to Georgia have increased at an annualized rate of 2.62%, from $20.5k in 2022 to $24.6k in 2017.

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

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

Latest Data

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

Georgia Exports

Dominican Republic Exports

Market Competitiveness

Color
Georgia
Top DestinationChina$759M
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Georgia than Dominican Republic included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

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

Comparative Advantage Georgia - Dominican Republic

Flow
Scale

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

During 2022, Georgia had a large net trade with Dominican Republic in the exports of Transportation ($17.6k), Machines ($15.1k), and Textiles ($12k).

During 2017, Dominican Republic had a large net trade with Georgia in the exports of Foodstuffs ($24.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Dominican Republic+$2.79kRefined Petroleum
Top Product Potential Dominican Republic Georgia+$2.6kRolled Tobacco

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 Georgia and Dominican Republic. This means that a dot/product with the flag of Georgia 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 Georgia.

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

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