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2022
Exports $1.2MWorld Rnk 47 / 163
Flag Rnk 333 / 1030
2022
Destination $44.8k Haiti
2021 - 2022
FASTEST GROWING MARKET $44.8kDominican Republic
2022
PRODUCT COMPLEXITY IN Labels-0.16Rnk 599 / 1025
2022
Imports $4.71MWorld Rnk 42 / 211
Flag Rnk 509 / 1163
2022
Origin $292k China
2021 - 2022
FASTEST GROWING ORIGIN $292kSpain
2022
ECONOMIC COMPLEXITY of Dominican Republic0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $1.2M in Labels, making it the 47th largest exporter of Labels in the world. At the same year, Labels was the 333rd most exported product in Dominican Republic. The main destination of Labels exports from Dominican Republic are: Haiti ($562k), United States ($468k), Dominican Republic ($91.4k), El Salvador ($41.9k), and Nicaragua ($16.7k).

The fastest growing export markets for Labels of Dominican Republic between 2021 and 2022 were Dominican Republic ($44.8k), El Salvador ($28.3k), and Nicaragua ($15.3k).

Imports In 2022, Dominican Republic imported $4.71M in Labels, becoming the 42nd largest importer of Labels in the world. At the same year, Labels was the 509th most imported product in Dominican Republic. Dominican Republic imports Labels primarily from: China ($2.03M), United States ($720k), Spain ($354k), Hong Kong ($330k), and Haiti ($278k).

The fastest growing import markets in Labels for Dominican Republic between 2021 and 2022 were Spain ($292k), Chinese Taipei ($54.9k), and Dominican Republic ($44.8k).

Latest Trends

Jul 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 Labels. 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)$1.2M
IMPORTS (2022)$4.71M
NET TRADE (2022)-$3.51M

In 2022, Dominican Republic exported $1.2M in Labels. The main destinations of Dominican Republic exports on Labels were Haiti ($562k), United States ($468k), Dominican Republic ($91.4k), El Salvador ($41.9k), and Nicaragua ($16.7k).

In 2022, Dominican Republic imported $4.71M in Labels, mainly from China ($2.03M), United States ($720k), Spain ($354k), Hong Kong ($330k), and Haiti ($278k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Labels EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Dominican Republic$44.8k (96.3%)
El Salvador$28.3k (209%)
Nicaragua$15.3k (1.12k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Labels BY Dominican Republic WERE (2021 - 2022):
Haiti-$444k (-44.1%)
United States-$181k (-27.9%)
Peru-$10.2k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Labels were:
China $479M
Hong Kong $171M
Italy $78M
In 2022, Dominican Republic's main importing competitors in Labels were:
Vietnam $140M
Hong Kong $121M
Indonesia $82.5M

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Trade Value of Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.8k
TOP IMPORT POTENTIALSouth Korea+ $46.5k

Labels’s highest export potential is United States. With an export gap of $25.8k.   Labels’s highest import potential is South Korea with an import gap of $46.5k.

See methodology.

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