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2022
Flag → Flag
Exports $76.7MRnk 14 / 126
2022
Flag → Flag
Top Product $43.1MSemi-Finished Iron
2022
Flag → Flag
Exports $26.5MRnk 37 / 163
2022
Flag → Flag
Top Product $6.94MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Venezuela-Dominican Republic Trade: In 2022, Venezuela exported $76.7M to Dominican Republic. The main products that Venezuela exported to Dominican Republic were Semi-Finished Iron ($43.1M), Raw Aluminium ($11.8M), and Hard Liquor ($8.81M). Over the past 5 years the exports of Venezuela to Dominican Republic have increased at an annualized rate of 17.5%, from $34.2M in 2017 to $76.7M in 2022.

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

Dominican Republic-Venezuela Trade: In 2022, Dominican Republic exported $26.5M to Venezuela. The main products that Dominican Republic exported to Venezuela were Packaged Medicaments ($6.94M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($4.08M), and Ethylene Polymers ($3.65M). Over the past 5 years the exports of Dominican Republic to Venezuela have decreased at an annualized rate of 3.87%,  from $36.4M in 2017 to $26.5M in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $76.7M to Dominican Republic. The main products exported from Venezuela to Dominican Republic were Semi-Finished Iron ($43.1M), Raw Aluminium ($11.8M), and Hard Liquor ($8.81M). During the last 5 years the exports of Venezuela to Dominican Republic have increased at an annualized rate of 17.5%, from $34.2M in 2017 to $76.7M in 2022.

In 2017, Dominican Republic exported $26.5M to Venezuela. The main products exported from Dominican Republic to Venezuela were Packaged Medicaments ($6.94M), Phosphinates (hypophosphites) and phosphonates (phosphites) ($4.08M), and Ethylene Polymers ($3.65M). During the last 5 years the exports of Dominican Republic to Venezuela have decreased at an annualized rate of 3.87%, from $36.4M in 2022 to $26.5M in 2017.

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

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

Latest Data

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

Dominican Republic Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Dominican Republic
Top DestinationUnited States$6.85B

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

In 2022, countries that imported more from Venezuela than Dominican Republic included Turkey ($597M), Spain ($518M), and Brazil ($361M).

In 2022, countries that imported more from Dominican Republic than Venezuela included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

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

Comparative Advantage Venezuela - Dominican Republic

Flow
Scale

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

During 2022, Venezuela had a large net trade with Dominican Republic in the exports of Metals ($55.9M), Foodstuffs ($9.14M), and Mineral Products ($8.97M).

During 2017, Dominican Republic had a large net trade with Venezuela in the exports of Chemical Products ($12.9M), Plastics and Rubbers ($10.6M), and Stone And Glass ($520k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Dominican Republic (Flag) (2022)

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