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Dominican Republic Trade Summary

2023

Dominican Republic exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR DOMINICAN REPUBLIC 2023

Overall Exports and Imports for Dominican Republic 2023

Exports and imports of Dominican Republic in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,932 million.
  • The total value of imports (CIF) was 31,341 million.
  • At the HS6 digit level, 2,731 products were exported to 143 countries and 3,861 products were imported from 194 countries.

Dominican Republic top 5 Export and Import partners 2023

Top five countries to which Dominican Republic exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Dominican Republic exports to United States worth US$ 7,162 million, with a partner share of 60.02 percent.
  2. Dominican Republic exports to Haiti worth US$ 856 million, with a partner share of 7.18 percent.
  3. Dominican Republic exports to Switzerland worth US$ 808 million, with a partner share of 6.77 percent.
  4. Dominican Republic exports to India worth US$ 367 million, with a partner share of 3.08 percent.
  5. Dominican Republic exports to Netherlands worth US$ 351 million, with a partner share of 2.94 percent.

Top five countries from which Dominican Republic imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Dominican Republic imports from United States worth US$ 12,746 million, with a partner share of 40.67 percent.
  2. Dominican Republic imports from China worth US$ 5,153 million, with a partner share of 16.44 percent.
  3. Dominican Republic imports from Brazil worth US$ 1,215 million, with a partner share of 3.88 percent.
  4. Dominican Republic imports from Mexico worth US$ 1,176 million, with a partner share of 3.75 percent.
  5. Dominican Republic imports from Spain worth US$ 1,170 million, with a partner share of 3.73 percent.

Dominican Republic Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Dominican Republic along with trade value are:

  1. Dominican Republic exported Gold in unwrought forms non-monetary , worth 1,127,599.43 (US$ Thousands).
  2. Dominican Republic exported Instruments and appliances used in medical or v , worth 1,103,704.33 (US$ Thousands).
  3. Dominican Republic exported Cigars, cheroots and cigarillos containing toba , worth 1,032,611.23 (US$ Thousands).
  4. Dominican Republic exported Automatic circuit breakers for a voltage not ex , worth 843,167.92 (US$ Thousands).
  5. Dominican Republic exported Art. of jewellery and pts thereof of/o prec mtl , worth 603,632.26 (US$ Thousands).

The top five imported HS 6 digit level products from world by Dominican Republic along with trade value are

  1. Dominican Republic imported Petroleum oils, etc, (excl. crude); preparation , worth 3,260,895.35 (US$ Thousands).
  2. Dominican Republic imported Other medicaments of mixed or unmixed products, , worth 873,460.08 (US$ Thousands).
  3. Dominican Republic imported Petroleum oils and oils obtained from bituminou , worth 765,241.12 (US$ Thousands).
  4. Dominican Republic imported Automobiles with reciprocating piston engine di , worth 739,449.78 (US$ Thousands).
  5. Dominican Republic imported Other articles of plastics, nes , worth 726,220.71 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Dominican Republic in 2023 are below

  • The maximum rate of tariff in percentage on any product was 99 percent.
  • The simple average tariff across all products was 5.80 percent.
  • The trade weighted average tariff was 4.57 .
  • The total duty free imports in thousands of US dollars were 17,409,448.52 and duty free tariff line items share was 60.19 percent.

Development Indicators 2023

Key Development Indicators of Dominican Republic in 2023 are below

  • Dominican Republic GDP in current US dollar was 120,456 million.
  • GNI per capita, Atlas method (current US$) was 9,700.00 .
  • Dominican Republic Trade balance: as % of GDP was -7.20.
  • Trade balance in current US$ was -8,669.00 million.
  • Trade as percentage of GDP was 49.84 .
  • Trade in services as percentage of GDP was 15.34 .

Trade Indicators 2023

Trade Indicators for Dominican Republic in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.34.
  • Index of export market penetration was 3.82.
  • World Growth in percentage was -3.13 and Dominican Republic Country Growth was -1.02 .