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2023
Flag → Flag
Exports $261MRnk 11 / 170
2023
Flag → Flag
Top Product $18.2MDental Products
2023
Flag → Flag
Exports $52.6MRnk 23 / 166
2023
Flag → Flag
Top Product $12MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Guatemala-Dominican Republic Trade: In 2023, Guatemala exported $261M to Dominican Republic. The main products that Guatemala exported to Dominican Republic were Dental Products ($18.2M), Cleaning Products ($17.6M), and Packaged Medicaments ($17.1M). Over the past 5 years the exports of Guatemala to Dominican Republic have increased at an annualized rate of 6.66%, from $189M in 2018 to $261M in 2023.

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

Dominican Republic-Guatemala Trade: In 2023, Dominican Republic exported $52.6M to Guatemala. The main products that Dominican Republic exported to Guatemala were Packaged Medicaments ($12M), Frozen Bovine Meat ($5.92M), and Low-voltage Protection Equipment ($5.53M). Over the past 5 years the exports of Dominican Republic to Guatemala have increased at an annualized rate of 9.7%,  from $22.9M in 2018 to $52.6M in 2023.

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

Comparison: In 2023,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $261M to Dominican Republic. The main products exported from Guatemala to Dominican Republic were Dental Products ($18.2M), Cleaning Products ($17.6M), and Packaged Medicaments ($17.1M). During the last 5 years the exports of Guatemala to Dominican Republic have increased at an annualized rate of 6.66%, from $189M in 2018 to $261M in 2023.

In 2018, Dominican Republic exported $52.6M to Guatemala. The main products exported from Dominican Republic to Guatemala were Packaged Medicaments ($12M), Frozen Bovine Meat ($5.92M), and Low-voltage Protection Equipment ($5.53M). During the last 5 years the exports of Dominican Republic to Guatemala have increased at an annualized rate of 9.7%, from $22.9M in 2023 to $52.6M in 2018.

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

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

Latest Data

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

Guatemala Exports

Dominican Republic Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Guatemala than Dominican Republic included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

In 2023, countries that imported more from Dominican Republic than Guatemala included United States ($7.08B), Haiti ($856M), and Switzerland ($885M).

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

Comparative Advantage Guatemala - Dominican Republic

Flow
Scale

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

During 2023, Guatemala had a large net trade with Dominican Republic in the exports of Chemical Products ($99.3M), Foodstuffs ($85.4M), and Animal and Vegetable Bi-Products ($15.5M).

During 2018, Dominican Republic had a large net trade with Guatemala in the exports of Chemical Products ($14.6M), Machines ($9.44M), and Plastics and Rubbers ($8.68M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Dominican Republic+$1.63MPlastic Lids
Top Product Potential Dominican Republic Guatemala+$1.52MLow-voltage Protection Equipment

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

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

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