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2022
Flag → Flag
Exports $518MRnk 91 / 217
2022
Flag → Flag
Top Product $119MPackaged Medicaments
2022
Flag → Flag
Exports $390MRnk 5 / 163
2022
Flag → Flag
Top Product $314MGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

India-Dominican Republic Trade: In 2022, India exported $518M to Dominican Republic. The main products that India exported to Dominican Republic were Packaged Medicaments ($119M), Semi-Finished Iron ($61.1M), and Crustaceans ($24.1M). Over the past 5 years the exports of India to Dominican Republic have increased at an annualized rate of 15.2%, from $255M in 2017 to $518M in 2022.

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

Dominican Republic-India Trade: In 2022, Dominican Republic exported $390M to India. The main products that Dominican Republic exported to India were Gold ($314M), Cocoa Beans ($15.5M), and Ferroalloys ($12.4M). Over the past 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 6.81%,  from $595M in 2017 to $390M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Latest Trends

July, 2024

About

Overview In July 2024, India exported $26.9M and imported $68.8M from Dominican Republic, resulting in a negative trade balance of $41.9M. Between July 2023 and July 2024 the exports of India have decreased by $-3.91M (-12.7%) from $30.8M to $26.9M, while imports increased by $60.1M (698%) from $8.61M to $68.8M.

Trade In July 2024, the top exports of India to Dominican Republic were Drug Formulations, Biologicals ($5.83M), Marine Products ($2.64M), Motor Vehicle/Cars ($2.01M), Dyes ($1.04M), and Cotton Fabrics, Madeups Etc. ($1.03M). In July 2024 the top imports of India from Dominican Republic were Iron And Steel ($2.21M), Other Commodities ($1.95M), Paper, Paper Board And Product ($1.01M), Aluminium, Products Of Aluminm ($291k), and Copper And Prdcts Made Of Copr ($96.9k).

Growth In July 2024, the decrease in India's year-by-year exports to Dominican Republic was explained primarily by an decrease in product exports in Cotton Yarn ($-1.89M or -72.3%), Plastic Raw Materials ($-1.56M or -97.2%), and Two And Three Wheelers ($-1.48M or -62%). In July 2024, the increase in India's year-by-year imports  from Dominican Republic was explained primarily by an increase in product imports  in Other Commodities ($1.28M or 190%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$-3.91M(-12.7%)
IMPORT GROWTH (July 2023 - July 2024)$60.1M(698%)

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

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

For full datasets download visit Bulk Download page.

Explore Dominican Republic and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $518M to Dominican Republic. The main products exported from India to Dominican Republic were Packaged Medicaments ($119M), Semi-Finished Iron ($61.1M), and Crustaceans ($24.1M). During the last 5 years the exports of India to Dominican Republic have increased at an annualized rate of 15.2%, from $255M in 2017 to $518M in 2022.

In 2017, Dominican Republic exported $390M to India. The main products exported from Dominican Republic to India were Gold ($314M), Cocoa Beans ($15.5M), and Ferroalloys ($12.4M). During the last 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 6.81%, from $595M in 2022 to $390M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from India than Dominican Republic included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Dominican Republic than India included Haiti ($1.02B), Jamaica ($139M), and Turks and Caicos Islands ($24.4M).

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

Comparative Advantage India - Dominican Republic

Flow
Scale

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

During 2022, India had a large net trade with Dominican Republic in the exports of Chemical Products ($159M), Metals ($106M), and Transportation ($50M).

During 2017, Dominican Republic had a large net trade with India in the exports of Precious Metals ($315M), Metals ($36.5M), and Foodstuffs ($15.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Dominican Republic+$18.2MCars
Top Product Potential Dominican Republic India+$85.2MGold

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

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

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