2022
Exports
$1.72BWorld Rnk 18 / 224
Flag Rnk 1 / 1030
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$411MWorld Rnk 51 / 225
Flag Rnk 12 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $1.72B in Medical Instruments, making it the 18th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 1st most exported product in Dominican Republic. The main destination of Medical Instruments exports from Dominican Republic are: United States ($1.18B), China ($74.7M), Japan ($63.6M), Netherlands ($51.9M), and Germany ($37.6M).

The fastest growing export markets for Medical Instruments of Dominican Republic between 2021 and 2022 were United States ($185M), United Kingdom ($21.3M), and Panama ($13M).

Imports In 2022, Dominican Republic imported $411M in Medical Instruments, becoming the 51st largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 12th most imported product in Dominican Republic. Dominican Republic imports Medical Instruments primarily from: United States ($304M), China ($28.2M), Germany ($13.3M), France ($13.2M), and Costa Rica ($7.92M).

The fastest growing import markets in Medical Instruments for Dominican Republic between 2021 and 2022 were United States ($223M), Costa Rica ($4.28M), and Japan ($1.47M).

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 Medical Instruments. 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)$1.72B
IMPORTS (2022)$411M
NET TRADE (2022)$1.31B

In 2022, Dominican Republic exported $1.72B in Medical Instruments. The main destinations of Dominican Republic exports on Medical Instruments were United States ($1.18B), China ($74.7M), Japan ($63.6M), Netherlands ($51.9M), and Germany ($37.6M).

In 2022, Dominican Republic imported $411M in Medical Instruments, mainly from United States ($304M), China ($28.2M), Germany ($13.3M), France ($13.2M), and Costa Rica ($7.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$185M (18.6%)
United Kingdom$21.3M (1.23k%)
Panama$13M (2.82k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Dominican Republic WERE (2021 - 2022):
Austria-$8.49M (-98.7%)
South Korea-$8.33M (-20.4%)
Australia-$7.91M (-22.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Medical Instruments were:
In 2022, Dominican Republic's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $67.1M
TOP IMPORT POTENTIALChina+ $16.7M

Medical Instruments’s highest export potential is China. With an export gap of $67.1M.   Medical Instruments’s highest import potential is China with an import gap of $16.7M.

See methodology.

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