2022
Exports
$5.19MWorld Rnk 64 / 126
Flag Rnk 182 / 1030
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$153MWorld Rnk 35 / 210
Flag Rnk 35 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $5.19M in Hot-Rolled Iron Bars, making it the 64th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 182nd most exported product in Dominican Republic. The main destination of Hot-Rolled Iron Bars exports from Dominican Republic are: United States ($3.18M), Antigua and Barbuda ($983k), Poland ($450k), Panama ($302k), and Guyana ($201k).

The fastest growing export markets for Hot-Rolled Iron Bars of Dominican Republic between 2021 and 2022 were United States ($1.64M), Poland ($450k), and Antigua and Barbuda ($374k).

Imports In 2022, Dominican Republic imported $153M in Hot-Rolled Iron Bars, becoming the 35th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 35th most imported product in Dominican Republic. Dominican Republic imports Hot-Rolled Iron Bars primarily from: Brazil ($67.4M), China ($31.9M), Turkey ($29.5M), United States ($16.3M), and Mexico ($6.25M).

The fastest growing import markets in Hot-Rolled Iron Bars for Dominican Republic between 2021 and 2022 were Brazil ($50.5M), China ($22.5M), and Turkey ($6.68M).

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 Hot-Rolled Iron Bars. 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)$5.19M
IMPORTS (2022)$153M
NET TRADE (2022)-$148M

In 2022, Dominican Republic exported $5.19M in Hot-Rolled Iron Bars. The main destinations of Dominican Republic exports on Hot-Rolled Iron Bars were United States ($3.18M), Antigua and Barbuda ($983k), Poland ($450k), Panama ($302k), and Guyana ($201k).

In 2022, Dominican Republic imported $153M in Hot-Rolled Iron Bars, mainly from Brazil ($67.4M), China ($31.9M), Turkey ($29.5M), United States ($16.3M), and Mexico ($6.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$1.64M (107%)
Poland$450k (1%)
Antigua and Barbuda$374k (61.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Dominican Republic WERE (2021 - 2022):
Guyana-$1.23M (-86%)
Suriname-$64.4k (-61.1%)
Dominica-$43.3k (-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 Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Dominican Republic's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.39M
TOP IMPORT POTENTIALTurkey+ $125k

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $1.39M.   Hot-Rolled Iron Bars’s highest import potential is Turkey with an import gap of $125k.

See methodology.

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