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2022
Flag → Flag
Exports $659MRnk 78 / 221
2022
Flag → Flag
Top Product $157MJewellery
2022
Flag → Flag
Exports $269MRnk 8 / 163
2022
Flag → Flag
Top Product $151MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Italy-Dominican Republic Trade: In 2022, Italy exported $659M to Dominican Republic. The main products that Italy exported to Dominican Republic were Jewellery ($157M), Gold ($109M), and Other Plastic Products ($21.2M). Over the past 5 years the exports of Italy to Dominican Republic have increased at an annualized rate of 12.2%, from $370M in 2017 to $659M in 2022.

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

Dominican Republic-Italy Trade: In 2022, Dominican Republic exported $269M to Italy. The main products that Dominican Republic exported to Italy were Petroleum Gas ($151M), Ferroalloys ($57.9M), and Medical Instruments ($12.7M). Over the past 5 years the exports of Dominican Republic to Italy have increased at an annualized rate of 31.6%,  from $68.4M in 2017 to $269M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €40.7M and imported €4.02M from Dominican Republic, resulting in a positive trade balance of €36.7M. Between March 2023 and March 2024 the exports of Italy have increased by €11.3M (38.3%) from €29.4M to €40.7M, while imports increased by €2.81M (231%) from €1.21M to €4.02M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€11.3M(38.3%)
IMPORT GROWTH (March 2023 - March 2024)€2.81M(231%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $659M to Dominican Republic. The main products exported from Italy to Dominican Republic were Jewellery ($157M), Gold ($109M), and Other Plastic Products ($21.2M). During the last 5 years the exports of Italy to Dominican Republic have increased at an annualized rate of 12.2%, from $370M in 2017 to $659M in 2022.

In 2017, Dominican Republic exported $269M to Italy. The main products exported from Dominican Republic to Italy were Petroleum Gas ($151M), Ferroalloys ($57.9M), and Medical Instruments ($12.7M). During the last 5 years the exports of Dominican Republic to Italy have increased at an annualized rate of 31.6%, from $68.4M in 2022 to $269M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Dominican Republic
Top DestinationUnited States$6.85B

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 2022, countries that imported more from Italy than Dominican Republic included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Dominican Republic than Italy included Haiti ($1.02B), Jamaica ($139M), and Nicaragua ($71.3M).

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

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 2022, Italy had a large net trade with Dominican Republic in the exports of Precious Metals ($266M), Machines ($157M), and Foodstuffs ($40.9M).

During 2017, Dominican Republic had a large net trade with Italy in the exports of Mineral Products ($151M), Metals ($58.8M), and Foodstuffs ($19.4M).

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) (2022)

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