2023
Exports
$66.1kWorld Rnk 94 / 163
Flag Rnk 669 / 1008
2023
PRODUCT COMPLEXITY IN Silicone
1.64Rnk 28 / 1025
2023
Imports
$7.55MWorld Rnk 67 / 216
Flag Rnk 424 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $66.1k in Silicone, making it the 94th largest exporter of Silicone in the world. At the same year, Silicone was the 669th most exported product in Dominican Republic. The main destination of Silicone exports from Dominican Republic are: United States ($24k), Jamaica ($16.5k), Cuba ($12.3k), Ecuador ($5.25k), and Mexico ($3.55k).

The fastest growing export markets for Silicone of Dominican Republic between 2022 and 2023 were Cuba ($12.3k), Ecuador ($5.25k), and Mexico ($3.55k).

Imports In 2023, Dominican Republic imported $7.55M in Silicone, becoming the 67th largest importer of Silicone in the world. At the same year, Silicone was the 424th most imported product in Dominican Republic. Dominican Republic imports Silicone primarily from: United States ($5.25M), China ($795k), India ($448k), Germany ($194k), and Spain ($175k).

The fastest growing import markets in Silicone for Dominican Republic between 2022 and 2023 were Costa Rica ($115k), Thailand ($66k), and Denmark ($53.4k).

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 Silicone. 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)$66.1k
IMPORTS (2023)$7.55M
NET TRADE (2023)-$7.49M

In 2023, Dominican Republic exported $66.1k in Silicone. The main destinations of Dominican Republic exports on Silicone were United States ($24k), Jamaica ($16.5k), Cuba ($12.3k), Ecuador ($5.25k), and Mexico ($3.55k).

In 2023, Dominican Republic imported $7.55M in Silicone, mainly from United States ($5.25M), China ($795k), India ($448k), Germany ($194k), and Spain ($175k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Cuba$12.3k (20.5k%)
Ecuador$5.25k (1%)
Mexico$3.55k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Dominican Republic WERE (2022 - 2023):
United States-$64k (-72.7%)
Costa Rica-$56.7k (-100%)
Haiti-$26.1k (-99.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Silicone were:
In 2023, Dominican Republic's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $117k
TOP IMPORT POTENTIALChina+ $976k

Silicone’s highest export potential is United States. With an export gap of $117k.   Silicone’s highest import potential is China with an import gap of $976k.

See methodology.

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