2023
Exports
$739kWorld Rnk 101 / 184
Flag Rnk 358 / 1008
2023
PRODUCT COMPLEXITY IN Lifting Machinery
1.09Rnk 149 / 1025
2023
Imports
$107MWorld Rnk 59 / 222
Flag Rnk 63 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $739k in Lifting Machinery, making it the 101st largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 358th most exported product in Dominican Republic. The main destination of Lifting Machinery exports from Dominican Republic are: Costa Rica ($232k), Haiti ($152k), Colombia ($139k), United States ($104k), and Thailand ($37k).

The fastest growing export markets for Lifting Machinery of Dominican Republic between 2022 and 2023 were Colombia ($139k), Haiti ($129k), and Thailand ($23.2k).

Imports In 2023, Dominican Republic imported $107M in Lifting Machinery, becoming the 59th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 63rd most imported product in Dominican Republic. Dominican Republic imports Lifting Machinery primarily from: France ($32.6M), China ($29.1M), United States ($15.4M), Spain ($6.13M), and Austria ($4.23M).

The fastest growing import markets in Lifting Machinery for Dominican Republic between 2022 and 2023 were China ($5.28M), United States ($3.41M), and Austria ($3.06M).

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 Lifting Machinery. 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)$739k
IMPORTS (2023)$107M
NET TRADE (2023)-$107M

In 2023, Dominican Republic exported $739k in Lifting Machinery. The main destinations of Dominican Republic exports on Lifting Machinery were Costa Rica ($232k), Haiti ($152k), Colombia ($139k), United States ($104k), and Thailand ($37k).

In 2023, Dominican Republic imported $107M in Lifting Machinery, mainly from France ($32.6M), China ($29.1M), United States ($15.4M), Spain ($6.13M), and Austria ($4.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Colombia$139k (1%)
Haiti$129k (574%)
Thailand$23.2k (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Dominican Republic WERE (2022 - 2023):
Germany-$119k (-94.1%)
Nicaragua-$65.8k (-100%)
Jamaica-$45.6k (-98.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Lifting Machinery were:
China $7.77B
Italy $2.7B
In 2023, Dominican Republic's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $68k
TOP IMPORT POTENTIALChina+ $5.8M

Lifting Machinery’s highest export potential is United States. With an export gap of $68k.   Lifting Machinery’s highest import potential is China with an import gap of $5.8M.

See methodology.

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