2022
Exports
$319MWorld Rnk 58 / 223
Flag Rnk 9 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$631MWorld Rnk 81 / 226
Flag Rnk 12 / 96
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $319M in Pharmaceutical products, making it the 58th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most exported product in Dominican Republic. The main destination of Pharmaceutical products exports from Dominican Republic are: United States ($70.7M), Dominican Republic ($60.8M), South Korea ($12.6M), Guatemala ($12.3M), and Netherlands ($11.8M).

The fastest growing export markets for Pharmaceutical products of Dominican Republic between 2021 and 2022 were Dominican Republic ($60.7M), United Kingdom ($5.04M), and Costa Rica ($4.01M).

Imports In 2022, Dominican Republic imported $631M in Pharmaceutical products, becoming the 81st largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most imported product in Dominican Republic. Dominican Republic imports Pharmaceutical products primarily from: India ($127M), Dominican Republic ($60.8M), United States ($57M), Panama ($35.7M), and Costa Rica ($33.6M).

The fastest growing import markets in Pharmaceutical products for Dominican Republic between 2021 and 2022 were Dominican Republic ($60.7M), Panama ($28.1M), and Canada ($19.2M).

Latest Trends

Nov 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 Pharmaceutical products. 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)$319M
IMPORTS (2022)$631M
NET TRADE (2022)-$312M

In 2022, Dominican Republic exported $319M in Pharmaceutical products. The main destinations of Dominican Republic exports on Pharmaceutical products were United States ($70.7M), Dominican Republic ($60.8M), South Korea ($12.6M), Guatemala ($12.3M), and Netherlands ($11.8M).

In 2022, Dominican Republic imported $631M in Pharmaceutical products, mainly from India ($127M), Dominican Republic ($60.8M), United States ($57M), Panama ($35.7M), and Costa Rica ($33.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Dominican Republic$60.7M (34.1k%)
United Kingdom$5.04M (468%)
Costa Rica$4.01M (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Dominican Republic WERE (2021 - 2022):
Austria-$3.58M (-99.2%)
Canada-$3.14M (-45.7%)
Saudi Arabia-$2.29M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.4M
TOP IMPORT POTENTIALUnited States+ $21.6M

Pharmaceutical products’s highest export potential is United States. With an export gap of $29.4M.   Pharmaceutical products’s highest import potential is United States with an import gap of $21.6M.

See methodology.

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