2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH
93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC
$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH
74.3%CURRENT US$
Rnk 21 / 195

About

Ireland-Dominican Republic Trade: In 2023, Ireland exported $55.4M to Dominican Republic. The main products that Ireland exported to Dominican Republic were Concentrated Milk ($16.3M), Packaged Medicaments ($14.8M), and Malt Extract ($10M). Over the past 5 years the exports of Ireland to Dominican Republic have increased at an annualized rate of 14.2%, from $28.6M in 2018 to $55.4M in 2023.

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

Dominican Republic-Ireland Trade: In 2023, Dominican Republic exported $17.2M to Ireland. The main products that Dominican Republic exported to Ireland were Bananas ($5.19M), Medical Instruments ($4.95M), and Bandages ($1.1M). Over the past 5 years the exports of Dominican Republic to Ireland have increased at an annualized rate of 1.69%,  from $15.8M in 2018 to $17.2M in 2023.

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

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $55.4M to Dominican Republic. The main products exported from Ireland to Dominican Republic were Concentrated Milk ($16.3M), Packaged Medicaments ($14.8M), and Malt Extract ($10M). During the last 5 years the exports of Ireland to Dominican Republic have increased at an annualized rate of 14.2%, from $28.6M in 2018 to $55.4M in 2023.

In 2018, Dominican Republic exported $17.2M to Ireland. The main products exported from Dominican Republic to Ireland were Bananas ($5.19M), Medical Instruments ($4.95M), and Bandages ($1.1M). During the last 5 years the exports of Dominican Republic to Ireland have increased at an annualized rate of 1.69%, from $15.8M in 2023 to $17.2M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Dominican Republic
Top Destination
United States$7.08B

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

In 2023, countries that imported more from Ireland than Dominican Republic included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Dominican Republic than Ireland included Haiti ($856M), Jamaica ($115M), and Guyana ($72.5M).

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

Comparative Advantage Ireland - Dominican Republic

Flow
Scale

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

During 2023, Ireland had a large net trade with Dominican Republic in the exports of Animal Products ($16.4M), Chemical Products ($16.2M), and Foodstuffs ($12.8M).

During 2018, Dominican Republic had a large net trade with Ireland in the exports of Vegetable Products ($5.3M), Instruments ($5.03M), and Chemical Products ($1.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Dominican Republic+$2.89MMedical Instruments
Top Product Potential Dominican Republic Ireland+$5.78MMedical 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 Ireland and Dominican Republic. This means that a dot/product with the flag of Ireland 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 Ireland.

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

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