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2022
Exports $10.1kWorld Rnk 74 / 125
Flag Rnk 862 / 1030
2022
Destination $8.44k Haiti
2021 - 2022
FASTEST GROWING MARKET $8.44kHaiti
2022
Imports $297kWorld Rnk 89 / 197
Flag Rnk 933 / 1163
2022
Origin $26.1k Germany
2021 - 2022
FASTEST GROWING ORIGIN $26.1kMalaysia
2022
ECONOMIC COMPLEXITY of Dominican Republic0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $10.1k in Balances, making it the 74th largest exporter of Balances in the world. At the same year, Balances was the 862nd most exported product in Dominican Republic. The main destination of Balances exports from Dominican Republic are: Haiti ($8.5k), United States ($1.58k), and Venezuela ($14).

The fastest growing export markets for Balances of Dominican Republic between 2021 and 2022 were Haiti ($8.44k), United States ($1.51k), and Venezuela ($14).

Imports In 2022, Dominican Republic imported $297k in Balances, becoming the 89th largest importer of Balances in the world. At the same year, Balances was the 933rd most imported product in Dominican Republic. Dominican Republic imports Balances primarily from: Germany ($96.5k), United States ($84.5k), Netherlands ($33.6k), Malaysia ($26.1k), and China ($22.9k).

The fastest growing import markets in Balances for Dominican Republic between 2021 and 2022 were Malaysia ($26.1k), Germany ($22k), and Italy ($12.6k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Balances. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.1k
IMPORTS (2022)$297k
NET TRADE (2022)-$287k

In 2022, Dominican Republic exported $10.1k in Balances. The main destinations of Dominican Republic exports on Balances were Haiti ($8.5k), United States ($1.58k), and Venezuela ($14).

In 2022, Dominican Republic imported $297k in Balances, mainly from Germany ($96.5k), United States ($84.5k), Netherlands ($33.6k), Malaysia ($26.1k), and China ($22.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Haiti$8.44k (14.6k%)
United States$1.51k (2.01k%)
Venezuela$14 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Dominican Republic WERE (2021 - 2022):
Germany-$1.33k (-100%)
Sweden-$30 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Balances were:
China $102M
Germany $101M
Netherlands $48.4M
In 2022, Dominican Republic's main importing competitors in Balances were:
United States $51.8M
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $342
TOP IMPORT POTENTIALChina+ $16.7k

Balances’s highest export potential is United States. With an export gap of $342.   Balances’s highest import potential is China with an import gap of $16.7k.

See methodology.

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