2023
Exports
$824World Rnk 92 / 107
Flag Rnk 941 / 1008
falsefalse Nicaragua
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$227kWorld Rnk 74 / 175
Flag Rnk 949 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $824 in Iron Ingots, making it the 92nd largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 941st most exported product in Dominican Republic. The main destination of Iron Ingots exports from Dominican Republic are: Nicaragua ($824).

The fastest growing export markets for Iron Ingots of Dominican Republic between N/A and 2023 were Nicaragua ($824).

Imports In 2023, Dominican Republic imported $227k in Iron Ingots, becoming the 74th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 949th most imported product in Dominican Republic. Dominican Republic imports Iron Ingots primarily from: United States ($227k).

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 Iron Ingots. 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)$824
IMPORTS (2023)$227k
NET TRADE (2023)-$226k

In 2023, Dominican Republic exported $824 in Iron Ingots. The main destinations of Dominican Republic exports on Iron Ingots were Nicaragua ($824).

In 2023, Dominican Republic imported $227k in Iron Ingots, mainly from United States ($227k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Dominican Republic WERE (N/A - 2023):Nicaragua$824 (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Dominican Republic's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $334
TOP IMPORT POTENTIALIndia+ $1.44k

Iron Ingots’s highest export potential is Italy. With an export gap of $334.   Iron Ingots’s highest import potential is India with an import gap of $1.44k.

See methodology.

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