2023
Exports
$153MWorld Rnk 46 / 207
Flag Rnk 13 / 1008
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$234kWorld Rnk 110 / 177
Flag Rnk 948 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $153M in Scrap Iron, making it the 46th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 13th most exported product in Dominican Republic. The main destination of Scrap Iron exports from Dominican Republic are: Chinese Taipei ($85M), China ($39.3M), India ($12.6M), Singapore ($4.26M), and Thailand ($3.77M).

The fastest growing export markets for Scrap Iron of Dominican Republic between 2022 and 2023 were China ($39.3M), India ($490k), and Spain ($420k).

Imports In 2023, Dominican Republic imported $234k in Scrap Iron, becoming the 110th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 948th most imported product in Dominican Republic. Dominican Republic imports Scrap Iron primarily from: United States ($187k), Canada ($28k), and Thailand ($18.9k).

The fastest growing import markets in Scrap Iron for Dominican Republic between 2022 and 2023 were United States ($83.8k) and Canada ($28k).

Latest Trends

Jan 2025

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 Scrap Iron. 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)$153M
IMPORTS (2023)$234k
NET TRADE (2023)$153M

In 2023, Dominican Republic exported $153M in Scrap Iron. The main destinations of Dominican Republic exports on Scrap Iron were Chinese Taipei ($85M), China ($39.3M), India ($12.6M), Singapore ($4.26M), and Thailand ($3.77M).

In 2023, Dominican Republic imported $234k in Scrap Iron, mainly from United States ($187k), Canada ($28k), and Thailand ($18.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
China$39.3M (136k%)
India$490k (4.04%)
Spain$420k (75.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Dominican Republic WERE (2022 - 2023):
Vietnam-$20.6M (-98.5%)
Chinese Taipei-$15.1M (-15.1%)
Thailand-$11.2M (-74.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Scrap Iron were:
In 2023, Dominican Republic's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.8M
TOP IMPORT POTENTIALUnited States+ $165k

Scrap Iron’s highest export potential is India. With an export gap of $7.8M.   Scrap Iron’s highest import potential is United States with an import gap of $165k.

See methodology.

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