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2023
Flag → Flag
Exports $3.92kRnk 149 / 159
2023
Flag → Flag
Top Product $3.89kPadlocks
2023
Flag → Flag
Exports $6.16MRnk 71 / 166
2023
Flag → Flag
Top Product $2.39MLow-voltage Protection Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $33,730CURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Kuwait-Dominican Republic Trade: In 2023, Kuwait exported $3.92k to Dominican Republic. The main products that Kuwait exported to Dominican Republic were Padlocks ($3.89k) and Copper Pipe Fittings ($27). Over the past 6 years the exports of Kuwait to Dominican Republic have increased at an annualized rate of 83.4%, from $103 in 2017 to $3.92k in 2023.

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

Dominican Republic-Kuwait Trade: In 2023, Dominican Republic exported $6.16M to Kuwait. The main products that Dominican Republic exported to Kuwait were Low-voltage Protection Equipment ($2.39M), Medical Instruments ($1.11M), and Other Plastic Products ($1.1M). Over the past 6 years the exports of Dominican Republic to Kuwait have decreased at an annualized rate of 2.43%,  from $7.14M in 2017 to $6.16M in 2023.

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

Comparison: In 2023,  Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $3.92k to Dominican Republic. The main products exported from Kuwait to Dominican Republic were Padlocks ($3.89k) and Copper Pipe Fittings ($27). During the last 6 years the exports of Kuwait to Dominican Republic have increased at an annualized rate of 83.4%, from $103 in 2017 to $3.92k in 2023.

In 2018, Dominican Republic exported $6.16M to Kuwait. The main products exported from Dominican Republic to Kuwait were Low-voltage Protection Equipment ($2.39M), Medical Instruments ($1.11M), and Other Plastic Products ($1.1M). During the last 5 years the exports of Dominican Republic to Kuwait have decreased at an annualized rate of 2.43%, from $7.14M in 2023 to $6.16M in 2018.

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

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

Latest Data

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

Kuwait Exports

Dominican Republic Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$17.4B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Kuwait than Dominican Republic included China ($17.4B), Japan ($9.13B), and India ($9.51B).

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

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

Comparative Advantage Kuwait - Dominican Republic

Flow
Scale

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

During 2023, Kuwait had a large net trade with Dominican Republic in the exports of Metals ($3.92k).

During 2018, Dominican Republic had a large net trade with Kuwait in the exports of Machines ($2.51M), Instruments ($1.17M), and Plastics and Rubbers ($1.13M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Dominican Republic+$16.6kLifting Machinery
Top Product Potential Dominican Republic Kuwait+$3.07MMedical 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 Kuwait and Dominican Republic. This means that a dot/product with the flag of Kuwait 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 Kuwait.

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

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