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2023
Flag → Flag
Exports $861MRnk 72 / 219
2023
Flag → Flag
Top Product $186MJewellery
2023
Flag → Flag
Exports $64.1MRnk 20 / 166
2023
Flag → Flag
Top Product $21.7MMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Italy-Dominican Republic Trade: In 2023, Italy exported $861M to Dominican Republic. The main products that Italy exported to Dominican Republic were Jewellery ($186M), Gold ($148M), and Electric Motors ($76.4M). Over the past 5 years the exports of Italy to Dominican Republic have increased at an annualized rate of 17.4%, from $386M in 2018 to $861M in 2023.

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

Dominican Republic-Italy Trade: In 2023, Dominican Republic exported $64.1M to Italy. The main products that Dominican Republic exported to Italy were Medical Instruments ($21.7M), Cocoa Beans ($7.93M), and Gold ($4.07M). Over the past 5 years the exports of Dominican Republic to Italy have decreased at an annualized rate of 6.47%,  from $89.6M in 2018 to $64.1M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €34.1M and imported €2.24M from Dominican Republic, resulting in a positive trade balance of €31.8M. Between October 2023 and October 2024 the exports of Italy have increased by €1.45M (4.43%) from €32.6M to €34.1M, while imports decreased by €-2.63M (-54%) from €4.87M to €2.24M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€1.45M(4.43%)
IMPORT GROWTH (October 2023 - October 2024)€-2.63M(-54%)

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

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

For full datasets download visit Bulk Download page.

Explore Dominican Republic and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $861M to Dominican Republic. The main products exported from Italy to Dominican Republic were Jewellery ($186M), Gold ($148M), and Electric Motors ($76.4M). During the last 5 years the exports of Italy to Dominican Republic have increased at an annualized rate of 17.4%, from $386M in 2018 to $861M in 2023.

In 2018, Dominican Republic exported $64.1M to Italy. The main products exported from Dominican Republic to Italy were Medical Instruments ($21.7M), Cocoa Beans ($7.93M), and Gold ($4.07M). During the last 5 years the exports of Dominican Republic to Italy have decreased at an annualized rate of 6.47%, from $89.6M in 2023 to $64.1M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Italy than Dominican Republic included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Dominican Republic than Italy included Haiti ($856M), Jamaica ($115M), and Curaçao ($17M).

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

Comparative Advantage Italy - Dominican Republic

Flow
Scale

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

During 2023, Italy had a large net trade with Dominican Republic in the exports of Precious Metals ($335M), Machines ($214M), and Mineral Products ($66.2M).

During 2018, Dominican Republic had a large net trade with Italy in the exports of Instruments ($22.7M), Foodstuffs ($17.7M), and Vegetable Products ($5.13M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Dominican Republic+$8.31MCars
Top Product Potential Dominican Republic Italy+$18.6MPetroleum Gas

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

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

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