2022
Exports
$3.1MWorld Rnk 86 / 207
Flag Rnk 221 / 1030
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$14.1MWorld Rnk 90 / 221
Flag Rnk 306 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $3.1M in Knit Men's Suits, making it the 86th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 221st most exported product in Dominican Republic. The main destination of Knit Men's Suits exports from Dominican Republic are: United States ($2.91M), Cuba ($65.8k), Canada ($22.8k), Haiti ($22.6k), and Italy ($11.9k).

The fastest growing export markets for Knit Men's Suits of Dominican Republic between 2021 and 2022 were United States ($551k), Haiti ($20.1k), and United Kingdom ($6.28k).

Imports In 2022, Dominican Republic imported $14.1M in Knit Men's Suits, becoming the 90th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 306th most imported product in Dominican Republic. Dominican Republic imports Knit Men's Suits primarily from: China ($9.51M), Panama ($1.01M), United States ($966k), Spain ($551k), and Colombia ($314k).

The fastest growing import markets in Knit Men's Suits for Dominican Republic between 2021 and 2022 were China ($2.18M), Panama ($345k), and United States ($321k).

COMPANIES In 2023, leading companies such as Adidas (5), Old Navy (4), and Gap (3) were at the forefront of shipping Knit Men's Suits from Dominican Republic to the United States.

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 Knit Men's Suits. 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)$3.1M
IMPORTS (2022)$14.1M
NET TRADE (2022)-$11M

In 2022, Dominican Republic exported $3.1M in Knit Men's Suits. The main destinations of Dominican Republic exports on Knit Men's Suits were United States ($2.91M), Cuba ($65.8k), Canada ($22.8k), Haiti ($22.6k), and Italy ($11.9k).

In 2022, Dominican Republic imported $14.1M in Knit Men's Suits, mainly from China ($9.51M), Panama ($1.01M), United States ($966k), Spain ($551k), and Colombia ($314k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$551k (23.4%)
Haiti$20.1k (803%)
United Kingdom$6.28k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Dominican Republic WERE (2021 - 2022):
Canada-$45.4k (-66.6%)
Barbados-$37.4k (-85.2%)
Nicaragua-$24.8k (-90.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Knit Men's Suits were:
In 2022, Dominican Republic's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.77M
TOP IMPORT POTENTIALChina+ $1.16M

Knit Men's Suits’s highest export potential is United States. With an export gap of $1.77M.   Knit Men's Suits’s highest import potential is China with an import gap of $1.16M.

See methodology.

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