2023
Exports
$146kWorld Rnk 74 / 196
Flag Rnk 559 / 1008
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$6.11MWorld Rnk 66 / 220
Flag Rnk 471 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $146k in Hand Tools, making it the 74th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 559th most exported product in Dominican Republic. The main destination of Hand Tools exports from Dominican Republic are: Haiti ($80.9k), South Korea ($17.8k), United States ($14.5k), Guatemala ($11.5k), and Mexico ($7.93k).

The fastest growing export markets for Hand Tools of Dominican Republic between 2022 and 2023 were Haiti ($25.9k), South Korea ($17.8k), and Guatemala ($9.51k).

Imports In 2023, Dominican Republic imported $6.11M in Hand Tools, becoming the 66th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 471st most imported product in Dominican Republic. Dominican Republic imports Hand Tools primarily from: China ($2.4M), Mexico ($2.18M), United States ($733k), India ($287k), and Chinese Taipei ($97.6k).

The fastest growing import markets in Hand Tools for Dominican Republic between 2022 and 2023 were Mexico ($115k), China ($71k), and Chinese Taipei ($48.9k).

Latest Trends

Jan 2025

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 Hand Tools. 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)$146k
IMPORTS (2023)$6.11M
NET TRADE (2023)-$5.97M

In 2023, Dominican Republic exported $146k in Hand Tools. The main destinations of Dominican Republic exports on Hand Tools were Haiti ($80.9k), South Korea ($17.8k), United States ($14.5k), Guatemala ($11.5k), and Mexico ($7.93k).

In 2023, Dominican Republic imported $6.11M in Hand Tools, mainly from China ($2.4M), Mexico ($2.18M), United States ($733k), India ($287k), and Chinese Taipei ($97.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Haiti$25.9k (47.2%)
South Korea$17.8k (1%)
Guatemala$9.51k (488%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Dominican Republic WERE (2022 - 2023):
Germany-$39.4k (-95.3%)
United States-$17.7k (-55%)
Switzerland-$8.16k (-94.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Hand Tools were:
In 2023, Dominican Republic's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $1.39k
TOP IMPORT POTENTIALChina+ $426k

Hand Tools’s highest export potential is Thailand. With an export gap of $1.39k.   Hand Tools’s highest import potential is China with an import gap of $426k.

See methodology.

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