2022
Exports
$25.5MWorld Rnk 87 / 222
Flag Rnk 76 / 1030
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$205MWorld Rnk 71 / 225
Flag Rnk 26 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $25.5M in Insulated Wire, making it the 87th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 76th most exported product in Dominican Republic. The main destination of Insulated Wire exports from Dominican Republic are: Canada ($12.7M), United States ($3.5M), Germany ($1.71M), Mexico ($1.33M), and Belgium ($949k).

The fastest growing export markets for Insulated Wire of Dominican Republic between 2021 and 2022 were Canada ($3.76M), Mexico ($457k), and United Kingdom ($450k).

Imports In 2022, Dominican Republic imported $205M in Insulated Wire, becoming the 71st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 26th most imported product in Dominican Republic. Dominican Republic imports Insulated Wire primarily from: Costa Rica ($57.2M), China ($42.5M), United States ($29.8M), Spain ($23.6M), and Malaysia ($13M).

The fastest growing import markets in Insulated Wire for Dominican Republic between 2021 and 2022 were Spain ($9.33M), China ($9.31M), and Costa Rica ($7.94M).

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 Insulated Wire. 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)$25.5M
IMPORTS (2022)$205M
NET TRADE (2022)-$180M

In 2022, Dominican Republic exported $25.5M in Insulated Wire. The main destinations of Dominican Republic exports on Insulated Wire were Canada ($12.7M), United States ($3.5M), Germany ($1.71M), Mexico ($1.33M), and Belgium ($949k).

In 2022, Dominican Republic imported $205M in Insulated Wire, mainly from Costa Rica ($57.2M), China ($42.5M), United States ($29.8M), Spain ($23.6M), and Malaysia ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Canada$3.76M (42.2%)
Mexico$457k (52.3%)
United Kingdom$450k (882%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Dominican Republic WERE (2021 - 2022):
United States-$2.72M (-43.7%)
Haiti-$1.07M (-57%)
Vietnam-$210k (-66.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.1M
TOP IMPORT POTENTIALChina+ $20.7M

Insulated Wire’s highest export potential is United States. With an export gap of $20.1M.   Insulated Wire’s highest import potential is China with an import gap of $20.7M.

See methodology.

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