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2023
Flag → Flag
Exports $185MRnk 31 / 177
2023
Flag → Flag
Top Product $29.4MSemi-Finished Iron
2023
Flag → Flag
Exports $17.5MRnk 50 / 166
2023
Flag → Flag
Top Product $3.71MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $7,907CURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
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GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Peru-Dominican Republic Trade: In 2023, Peru exported $185M to Dominican Republic. The main products that Peru exported to Dominican Republic were Semi-Finished Iron ($29.4M), Baked Goods ($19.6M), and Refined Petroleum ($19.3M). Over the past 5 years the exports of Peru to Dominican Republic have increased at an annualized rate of 12.5%, from $102M in 2018 to $185M in 2023.

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

Dominican Republic-Peru Trade: In 2023, Dominican Republic exported $17.5M to Peru. The main products that Dominican Republic exported to Peru were Packaged Medicaments ($3.71M), Fruit Juice ($2.2M), and Other Processed Fruits and Nuts ($2.01M). Over the past 5 years the exports of Dominican Republic to Peru have increased at an annualized rate of 2.81%,  from $15.3M in 2018 to $17.5M in 2023.

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

Comparison: In 2023,  Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). 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, Peru exported $185M to Dominican Republic. The main products exported from Peru to Dominican Republic were Semi-Finished Iron ($29.4M), Baked Goods ($19.6M), and Refined Petroleum ($19.3M). During the last 5 years the exports of Peru to Dominican Republic have increased at an annualized rate of 12.5%, from $102M in 2018 to $185M in 2023.

In 2018, Dominican Republic exported $17.5M to Peru. The main products exported from Dominican Republic to Peru were Packaged Medicaments ($3.71M), Fruit Juice ($2.2M), and Other Processed Fruits and Nuts ($2.01M). During the last 5 years the exports of Dominican Republic to Peru have increased at an annualized rate of 2.81%, from $15.3M in 2023 to $17.5M in 2018.

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

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

Latest Data

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

Peru Exports

Dominican Republic Exports

Market Competitiveness

Color
Peru
Top DestinationChina$22.5B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Peru than Dominican Republic included China ($22.5B), Canada ($3.24B), and Japan ($2.32B).

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

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

Comparative Advantage Peru - Dominican Republic

Flow
Scale

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

During 2023, Peru had a large net trade with Dominican Republic in the exports of Metals ($35.4M), Foodstuffs ($35M), and Vegetable Products ($23.1M).

During 2018, Dominican Republic had a large net trade with Peru in the exports of Foodstuffs ($5.99M), Chemical Products ($4.22M), and Plastics and Rubbers ($2.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Peru Dominican Republic+$8.75MRefined Petroleum
Top Product Potential Dominican Republic Peru+$1.72MMedical 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 Peru and Dominican Republic. This means that a dot/product with the flag of Peru 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 Peru.

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

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