2022
Exports
$949MWorld Rnk 24 / 225
Flag Rnk 4 / 1030
2022
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
0.56Rnk 342 / 1025
2022
Imports
$200MWorld Rnk 56 / 226
Flag Rnk 29 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $949M in Low-voltage Protection Equipment, making it the 24th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 4th most exported product in Dominican Republic. The main destination of Low-voltage Protection Equipment exports from Dominican Republic are: United States ($791M), Canada ($35.4M), Mexico ($33.5M), Kuwait ($12.8M), and United Kingdom ($8.67M).

The fastest growing export markets for Low-voltage Protection Equipment of Dominican Republic between 2021 and 2022 were United States ($43.8M), Mexico ($16.6M), and Kuwait ($8.39M).

Imports In 2022, Dominican Republic imported $200M in Low-voltage Protection Equipment, becoming the 56th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 29th most imported product in Dominican Republic. Dominican Republic imports Low-voltage Protection Equipment primarily from: United States ($117M), China ($48.1M), Spain ($5.07M), Costa Rica ($5.02M), and Germany ($3.33M).

The fastest growing import markets in Low-voltage Protection Equipment for Dominican Republic between 2021 and 2022 were China ($11.2M), United States ($10.3M), and Spain ($3.9M).

COMPANIES In 2023, leading companies such as Del Monte Foods (5) and Walmart (1) were at the forefront of shipping Low-voltage Protection Equipment from Dominican Republic to the United States.

Latest Trends

Aug 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 Low-voltage Protection Equipment. 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)$949M
IMPORTS (2022)$200M
NET TRADE (2022)$749M

In 2022, Dominican Republic exported $949M in Low-voltage Protection Equipment. The main destinations of Dominican Republic exports on Low-voltage Protection Equipment were United States ($791M), Canada ($35.4M), Mexico ($33.5M), Kuwait ($12.8M), and United Kingdom ($8.67M).

In 2022, Dominican Republic imported $200M in Low-voltage Protection Equipment, mainly from United States ($117M), China ($48.1M), Spain ($5.07M), Costa Rica ($5.02M), and Germany ($3.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$43.8M (5.86%)
Mexico$16.6M (98.1%)
Kuwait$8.39M (191%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Dominican Republic WERE (2021 - 2022):
Canada-$4.92M (-12.2%)
Panama-$1.67M (-44.6%)
Austria-$904k (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Low-voltage Protection Equipment were:
In 2022, Dominican Republic's main importing competitors in Low-voltage Protection Equipment were:

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Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $30.4M
TOP IMPORT POTENTIALChina+ $17.9M

Low-voltage Protection Equipment’s highest export potential is Mexico. With an export gap of $30.4M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $17.9M.

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