2022
Exports
$156MWorld Rnk 34 / 162
Flag Rnk 16 / 1030
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$139MWorld Rnk 47 / 217
Flag Rnk 42 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $156M in Raw Iron Bars, making it the 34th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 16th most exported product in Dominican Republic. The main destination of Raw Iron Bars exports from Dominican Republic are: United States ($50.7M), Haiti ($46M), Guyana ($7.46M), Cayman Islands ($7.07M), and Turks and Caicos Islands ($6.73M).

The fastest growing export markets for Raw Iron Bars of Dominican Republic between 2021 and 2022 were Haiti ($15.6M), Guyana ($5.32M), and United States ($3.85M).

Imports In 2022, Dominican Republic imported $139M in Raw Iron Bars, becoming the 47th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 42nd most imported product in Dominican Republic. Dominican Republic imports Raw Iron Bars primarily from: Turkey ($72.6M), Costa Rica ($61.9M), United States ($3.3M), China ($1.01M), and Belgium ($88.8k).

The fastest growing import markets in Raw Iron Bars for Dominican Republic between 2021 and 2022 were Turkey ($53.5M), Costa Rica ($17M), and China ($992k).

Latest Trends

Oct 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 Raw Iron Bars. 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)$156M
IMPORTS (2022)$139M
NET TRADE (2022)$16.7M

In 2022, Dominican Republic exported $156M in Raw Iron Bars. The main destinations of Dominican Republic exports on Raw Iron Bars were United States ($50.7M), Haiti ($46M), Guyana ($7.46M), Cayman Islands ($7.07M), and Turks and Caicos Islands ($6.73M).

In 2022, Dominican Republic imported $139M in Raw Iron Bars, mainly from Turkey ($72.6M), Costa Rica ($61.9M), United States ($3.3M), China ($1.01M), and Belgium ($88.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Haiti$15.6M (51.2%)
Guyana$5.32M (249%)
United States$3.85M (8.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Dominican Republic WERE (2021 - 2022):
Suriname-$5.2M (-68.8%)
Jamaica-$2.06M (-49%)
Panama-$1.53M (-34.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Dominican Republic's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $207k
TOP IMPORT POTENTIALChina+ $1.74M

Raw Iron Bars’s highest export potential is Costa Rica. With an export gap of $207k.   Raw Iron Bars’s highest import potential is China with an import gap of $1.74M.

See methodology.

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