2023
Exports
$2.98MWorld Rnk 51 / 185
Flag Rnk 217 / 1008
2023
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.07Rnk 155 / 1025
2023
Imports
$7.59MWorld Rnk 57 / 215
Flag Rnk 423 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $2.98M in Opto-Electric Instrument Parts, making it the 51st largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 217th most exported product in Dominican Republic. The main destination of Opto-Electric Instrument Parts exports from Dominican Republic are: New Zealand ($841k), Germany ($720k), United Kingdom ($458k), South Africa ($290k), and India ($290k).

The fastest growing export markets for Opto-Electric Instrument Parts of Dominican Republic between 2022 and 2023 were New Zealand ($841k), Germany ($336k), and India ($290k).

Imports In 2023, Dominican Republic imported $7.59M in Opto-Electric Instrument Parts, becoming the 57th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 423rd most imported product in Dominican Republic. Dominican Republic imports Opto-Electric Instrument Parts primarily from: United States ($2.23M), Germany ($2.18M), China ($1.55M), Panama ($290k), and Ireland ($181k).

The fastest growing import markets in Opto-Electric Instrument Parts for Dominican Republic between 2022 and 2023 were South Korea ($73.6k), Panama ($64.7k), and Singapore ($34.5k).

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 Opto-Electric Instrument Parts. 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)$2.98M
IMPORTS (2023)$7.59M
NET TRADE (2023)-$4.62M

In 2023, Dominican Republic exported $2.98M in Opto-Electric Instrument Parts. The main destinations of Dominican Republic exports on Opto-Electric Instrument Parts were New Zealand ($841k), Germany ($720k), United Kingdom ($458k), South Africa ($290k), and India ($290k).

In 2023, Dominican Republic imported $7.59M in Opto-Electric Instrument Parts, mainly from United States ($2.23M), Germany ($2.18M), China ($1.55M), Panama ($290k), and Ireland ($181k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
New Zealand$841k (325k%)
Germany$336k (87.7%)
India$290k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Dominican Republic WERE (2022 - 2023):
Canada-$51.5k (-61.4%)
Grenada-$32.9k (-100%)
Thailand-$22.5k (-73.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Opto-Electric Instrument Parts were:
In 2023, Dominican Republic's main importing competitors in Opto-Electric Instrument Parts were:

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $114k
TOP IMPORT POTENTIALCanada+ $119k

Opto-Electric Instrument Parts’s highest export potential is Germany. With an export gap of $114k.   Opto-Electric Instrument Parts’s highest import potential is Canada with an import gap of $119k.

See methodology.

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