2023
Exports
$1.99MWorld Rnk 113 / 210
Flag Rnk 246 / 1008
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$1.51BWorld Rnk 71 / 225
Flag Rnk 2 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $1.99M in Cars, making it the 113th largest exporter of Cars in the world. At the same year, Cars was the 246th most exported product in Dominican Republic. The main destination of Cars exports from Dominican Republic are: Turks and Caicos Islands ($471k), Italy ($409k), United States ($278k), Spain ($221k), and China ($125k).

The fastest growing export markets for Cars of Dominican Republic between 2022 and 2023 were Turks and Caicos Islands ($342k), Spain ($137k), and China ($125k).

Imports In 2023, Dominican Republic imported $1.51B in Cars, becoming the 71st largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Dominican Republic. Dominican Republic imports Cars primarily from: United States ($582M), Japan ($207M), China ($173M), South Korea ($138M), and Mexico ($54M).

The fastest growing import markets in Cars for Dominican Republic between 2022 and 2023 were China ($86.7M), Japan ($65.3M), and South Korea ($36M).

Latest Trends

Dec 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 (2023)$1.99M
IMPORTS (2023)$1.51B
NET TRADE (2023)-$1.5B

In 2023, Dominican Republic exported $1.99M in Cars. The main destinations of Dominican Republic exports on Cars were Turks and Caicos Islands ($471k), Italy ($409k), United States ($278k), Spain ($221k), and China ($125k).

In 2023, Dominican Republic imported $1.51B in Cars, mainly from United States ($582M), Japan ($207M), China ($173M), South Korea ($138M), and Mexico ($54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Spain$137k (163%)
China$125k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Dominican Republic WERE (2022 - 2023):
United States-$707k (-71.8%)
Canada-$88k (-100%)
Haiti-$83.7k (-81.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, 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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