2022
Exports
$2.06MWorld Rnk 111 / 210
Flag Rnk 259 / 1030
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$1.26BWorld Rnk 67 / 224
Flag Rnk 3 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $2.06M in Cars, making it the 111th largest exporter of Cars in the world. At the same year, Cars was the 259th most exported product in Dominican Republic. The main destination of Cars exports from Dominican Republic are: United States ($998k), Italy ($360k), Turks and Caicos Islands ($129k), Haiti ($102k), and Canada ($88k).

The fastest growing export markets for Cars of Dominican Republic between 2021 and 2022 were United States ($615k), Italy ($348k), and Turks and Caicos Islands ($127k).

Imports In 2022, Dominican Republic imported $1.26B in Cars, becoming the 67th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Dominican Republic. Dominican Republic imports Cars primarily from: United States ($694M), Japan ($117M), South Korea ($110M), China ($80.4M), and Brazil ($35.6M).

The fastest growing import markets in Cars for Dominican Republic between 2021 and 2022 were China ($55.4M), Japan ($40.4M), and Brazil ($24.3M).

COMPANIES In 2023, leading companies such as Old Navy (1) were at the forefront of shipping Cars from Dominican Republic to the United States.

Latest Trends

Sep 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 Cars. 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)$2.06M
IMPORTS (2022)$1.26B
NET TRADE (2022)-$1.26B

In 2022, Dominican Republic exported $2.06M in Cars. The main destinations of Dominican Republic exports on Cars were United States ($998k), Italy ($360k), Turks and Caicos Islands ($129k), Haiti ($102k), and Canada ($88k).

In 2022, Dominican Republic imported $1.26B in Cars, mainly from United States ($694M), Japan ($117M), South Korea ($110M), China ($80.4M), and Brazil ($35.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$615k (161%)
Italy$348k (3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Dominican Republic WERE (2021 - 2022):
France-$130k (-86.7%)
Ecuador-$51.3k (-100%)
China-$45k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Cars were:
In 2022, Dominican Republic's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $120k
TOP IMPORT POTENTIALJapan+ $56.7M

Cars’s highest export potential is Spain. With an export gap of $120k.   Cars’s highest import potential is Japan with an import gap of $56.7M.

See methodology.

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