2023
Exports
$912MWorld Rnk 27 / 226
Flag Rnk 4 / 1008
2023
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment
0.68Rnk 294 / 1025
2023
Imports
$204MWorld Rnk 55 / 226
Flag Rnk 21 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $912M in Low-voltage Protection Equipment, making it the 27th 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 ($741M), Canada ($52.6M), Mexico ($37M), Costa Rica ($6.94M), and Ecuador ($5.66M).

The fastest growing export markets for Low-voltage Protection Equipment of Dominican Republic between 2022 and 2023 were Canada ($10.7M), Panama ($2.62M), and Nicaragua ($1.27M).

Imports In 2023, Dominican Republic imported $204M in Low-voltage Protection Equipment, becoming the 55th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 21st most imported product in Dominican Republic. Dominican Republic imports Low-voltage Protection Equipment primarily from: United States ($104M), China ($50.7M), Mexico ($11.1M), South Korea ($6.56M), and Costa Rica ($5.37M).

The fastest growing import markets in Low-voltage Protection Equipment for Dominican Republic between 2022 and 2023 were United States ($16.4M), China ($5.51M), and South Korea ($4.34M).

COMPANIES In 2024, leading companies such as Del Monte Foods (3) and Celebrity Cruises (1) were at the forefront of shipping Low-voltage Protection Equipment from Dominican Republic to the United States.

Latest Trends

Dec 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 (2023)$912M
IMPORTS (2023)$204M
NET TRADE (2023)$708M

In 2023, Dominican Republic exported $912M in Low-voltage Protection Equipment. The main destinations of Dominican Republic exports on Low-voltage Protection Equipment were United States ($741M), Canada ($52.6M), Mexico ($37M), Costa Rica ($6.94M), and Ecuador ($5.66M).

In 2023, Dominican Republic imported $204M in Low-voltage Protection Equipment, mainly from United States ($104M), China ($50.7M), Mexico ($11.1M), South Korea ($6.56M), and Costa Rica ($5.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Canada$10.7M (25.4%)
Panama$2.62M (126%)
Nicaragua$1.27M (49.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Dominican Republic WERE (2022 - 2023):
United States-$39.8M (-5.09%)
China-$5.15M (-53.7%)
United Kingdom-$3.54M (-40.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Low-voltage Protection Equipment were:
In 2023, 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.

See methodology.

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