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2023
Flag → Flag
Exports $267kRnk 101 / 157
2023
Flag → Flag
Top Product $159kFish Fillets
2023
Flag → Flag
Exports $311kRnk 118 / 166
2023
Flag → Flag
Top Product $104kTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Iceland-Dominican Republic Trade: In 2023, Iceland exported $267k to Dominican Republic. The main products that Iceland exported to Dominican Republic were Fish Fillets ($159k), Non-fillet Frozen Fish ($86.8k), and Electric Heaters ($8.43k). Over the past 5 years the exports of Iceland to Dominican Republic have decreased at an annualized rate of 4.06%, from $328k in 2018 to $267k in 2023.

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

Dominican Republic-Iceland Trade: In 2023, Dominican Republic exported $311k to Iceland. The main products that Dominican Republic exported to Iceland were Tropical Fruits ($104k), Medical Instruments ($48k), and Other Domestic Electric Housewares ($30.9k). Over the past 5 years the exports of Dominican Republic to Iceland have decreased at an annualized rate of 2.17%,  from $423k in 2018 to $311k in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $267k to Dominican Republic. The main products exported from Iceland to Dominican Republic were Fish Fillets ($159k), Non-fillet Frozen Fish ($86.8k), and Electric Heaters ($8.43k). During the last 5 years the exports of Iceland to Dominican Republic have decreased at an annualized rate of 4.06%, from $328k in 2018 to $267k in 2023.

In 2018, Dominican Republic exported $311k to Iceland. The main products exported from Dominican Republic to Iceland were Tropical Fruits ($104k), Medical Instruments ($48k), and Other Domestic Electric Housewares ($30.9k). During the last 5 years the exports of Dominican Republic to Iceland have decreased at an annualized rate of 2.17%, from $423k in 2023 to $311k in 2018.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Iceland than Dominican Republic included Netherlands ($1.97B), Germany ($771M), and Norway ($444M).

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

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

Comparative Advantage Iceland - Dominican Republic

Flow
Scale

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

During 2023, Iceland had a large net trade with Dominican Republic in the exports of Animal Products ($246k), Instruments ($9.35k), and Machines ($8.43k).

During 2018, Dominican Republic had a large net trade with Iceland in the exports of Vegetable Products ($116k), Instruments ($52k), and Foodstuffs ($43k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Dominican Republic. This means that a dot/product with the flag of Iceland 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 Iceland.

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

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