2023
Exports
$42.1kWorld Rnk 108 / 196
Flag Rnk 708 / 1008
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$6.6MWorld Rnk 68 / 221
Flag Rnk 454 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $42.1k in Wrenches, making it the 108th largest exporter of Wrenches in the world. At the same year, Wrenches was the 708th most exported product in Dominican Republic. The main destination of Wrenches exports from Dominican Republic are: Haiti ($12.5k), United States ($10k), Switzerland ($6.25k), Guatemala ($3.89k), and Mexico ($3.68k).

The fastest growing export markets for Wrenches of Dominican Republic between 2022 and 2023 were Guatemala ($3.89k), Turks and Caicos Islands ($1.67k), and Jamaica ($715).

Imports In 2023, Dominican Republic imported $6.6M in Wrenches, becoming the 68th largest importer of Wrenches in the world. At the same year, Wrenches was the 454th most imported product in Dominican Republic. Dominican Republic imports Wrenches primarily from: China ($3.09M), Mexico ($1.16M), United States ($922k), Chinese Taipei ($804k), and Spain ($151k).

The fastest growing import markets in Wrenches for Dominican Republic between 2022 and 2023 were Chinese Taipei ($270k), China ($202k), and Italy ($46.8k).

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 Wrenches. 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)$42.1k
IMPORTS (2023)$6.6M
NET TRADE (2023)-$6.56M

In 2023, Dominican Republic exported $42.1k in Wrenches. The main destinations of Dominican Republic exports on Wrenches were Haiti ($12.5k), United States ($10k), Switzerland ($6.25k), Guatemala ($3.89k), and Mexico ($3.68k).

In 2023, Dominican Republic imported $6.6M in Wrenches, mainly from China ($3.09M), Mexico ($1.16M), United States ($922k), Chinese Taipei ($804k), and Spain ($151k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Guatemala$3.89k (1%)
Jamaica$715 (596%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Dominican Republic WERE (2022 - 2023):
United States-$52.7k (-84%)
Sweden-$33.8k (-100%)
Haiti-$15.9k (-56%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.1k
TOP IMPORT POTENTIALChina+ $409k

Wrenches’s highest export potential is United States. With an export gap of $47.1k.   Wrenches’s highest import potential is China with an import gap of $409k.

See methodology.

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