Trade Trend

In 2023, Dominican Republic's total export value is 11.93Billion USD, total import value is 31.36Billion USD, Deficit is -19.42Billion USD, and foreign trade dependency is 0.356. In 2023，Dominican Republic's top export products are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(1.52Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(1.18Billion USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(1.04Billion USD), top export destinations are United States(6.49Billion USD), Haiti(856.49Million USD), Switzerland(807.82Million USD). In 2023, Dominican Republic's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.26Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.53Billion USD), Petroleum gases and other gaseous hydrocarbons(1.16Billion USD), top import origins are United States(12.42Billion USD), China(5.05Billion USD), Brazil(1.21Billion USD).

Comparing to 2022, Dominican Republic's total export value decreased -458.35Million USD(-3.70%) in 2023, this could result from its export decreases of products such as Ferroalloys(-217.73Million USD or -40.59%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-202.77Million USD or -14.72%), Petroleum gases and other gaseous hydrocarbons(-78.01Million USD or -98.93%) and export decreases to countries/economics such as Switzerland(-228.22Million USD or -22.03%), Haiti(-183.54Million USD or -17.65%), Netherlands(-91.08Million USD or -20.63%). Comparing to 2022, Dominican Republic's total import value decreased -3.17Billion USD(-9.19%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-552.92Million USD or -14.50%), Petroleum gases and other gaseous hydrocarbons(-330.29Million USD or -22.16%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-264.00Million USD or -40.17%), and its import decreases from countries/economies such as United States(-1.92Billion USD or -13.41%), China(-321.90Million USD or -5.99%), Turkey(-218.15Million USD or -47.02%).

Cumulated to first 7 months of 2024, Dominican Republic's total export value is 4.99Billion USD, total import value is 11.20Billion USD, and tradedeficit is -6.21Billion USD. Cumulated to first 7 months of 2024, Dominican Republic's top export products are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(909.83Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(509.80Million USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(439.25Million USD), and top export destinations are United States(3.06Billion USD), India(260.45Million USD), Switzerland(248.86Million USD). Cumulated to first 7 months of 2024, Dominican Republic's top import products are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(909.83Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(509.80Million USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(439.25Million USD), and top import origins areUnited States(5.39Billion USD), China(1.92Billion USD), Brazil(376.88Million USD).