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2023
Flag → Flag
Exports $492MRnk 96 / 220
2023
Flag → Flag
Top Product $93.2MPackaged Medicaments
2023
Flag → Flag
Exports $444MRnk 5 / 166
2023
Flag → Flag
Top Product $333MGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

India-Dominican Republic Trade: In 2023, India exported $492M to Dominican Republic. The main products that India exported to Dominican Republic were Packaged Medicaments ($93.2M), Cars ($46M), and Crustaceans ($31.6M). Over the past 5 years the exports of India to Dominican Republic have increased at an annualized rate of 12.2%, from $277M in 2018 to $492M in 2023.

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

Dominican Republic-India Trade: In 2023, Dominican Republic exported $444M to India. The main products that Dominican Republic exported to India were Gold ($333M), Industrial Fatty Acids, Oils and Alcohols ($32.5M), and Cocoa Beans ($13.2M). Over the past 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 4.52%,  from $560M in 2018 to $444M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $30.2M and imported $16.1M from Dominican Republic, resulting in a positive trade balance of $14.1M. Between November 2023 and November 2024 the exports of India have increased by $4.2M (16.2%) from $26M to $30.2M, while imports increased by $7.99M (99%) from $8.07M to $16.1M.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Dominican Republic was explained primarily by an increase in product exports in Motor Vehicle/Cars ($1.16M or 136%), Dyes ($537k or 107%), and Electric Machinery And Equipme ($490k or 108%). In November 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 (November 2023 - November 2024)$4.2M(16.2%)
IMPORT GROWTH (November 2023 - November 2024)$7.99M(99%)

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 2023, India exported $492M to Dominican Republic. The main products exported from India to Dominican Republic were Packaged Medicaments ($93.2M), Cars ($46M), and Crustaceans ($31.6M). During the last 5 years the exports of India to Dominican Republic have increased at an annualized rate of 12.2%, from $277M in 2018 to $492M in 2023.

In 2018, Dominican Republic exported $444M to India. The main products exported from Dominican Republic to India were Gold ($333M), Industrial Fatty Acids, Oils and Alcohols ($32.5M), and Cocoa Beans ($13.2M). During the last 5 years the exports of Dominican Republic to India have decreased at an annualized rate of 4.52%, from $560M in 2023 to $444M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Dominican Republic
Top DestinationUnited States$7.08B

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 2023, countries that imported more from India than Dominican Republic included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Dominican Republic than India included Haiti ($856M), Turks and Caicos Islands ($21.6M), and Barbados ($21.6M).

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

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 2023, India had a large net trade with Dominican Republic in the exports of Chemical Products ($132M), Transportation ($87.1M), and Machines ($40.6M).

During 2018, Dominican Republic had a large net trade with India in the exports of Precious Metals ($334M), Metals ($37.2M), and Chemical Products ($33.2M).

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) (2023)

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