2022
Exports
$5.4MWorld Rnk 92 / 221
Flag Rnk 177 / 1030
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$54.1MWorld Rnk 94 / 224
Flag Rnk 118 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $5.4M in Excavation Machinery, making it the 92nd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 177th most exported product in Dominican Republic. The main destination of Excavation Machinery exports from Dominican Republic are: Canada ($2.91M), Australia ($1.15M), United States ($296k), Haiti ($128k), and Netherlands ($118k).

The fastest growing export markets for Excavation Machinery of Dominican Republic between 2021 and 2022 were Australia ($1.14M), Netherlands ($118k), and Kuwait ($71.7k).

Imports In 2022, Dominican Republic imported $54.1M in Excavation Machinery, becoming the 94th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 118th most imported product in Dominican Republic. Dominican Republic imports Excavation Machinery primarily from: United States ($25M), China ($6.35M), United Kingdom ($2.81M), France ($2.45M), and Italy ($2.24M).

The fastest growing import markets in Excavation Machinery for Dominican Republic between 2021 and 2022 were China ($3.26M), United States ($2.99M), and United Kingdom ($2.36M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (16) were at the forefront of shipping Excavation Machinery from Dominican Republic to the United States.

Latest Trends

Jul 2024

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 Excavation Machinery. 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 (2022)$5.4M
IMPORTS (2022)$54.1M
NET TRADE (2022)-$48.7M

In 2022, Dominican Republic exported $5.4M in Excavation Machinery. The main destinations of Dominican Republic exports on Excavation Machinery were Canada ($2.91M), Australia ($1.15M), United States ($296k), Haiti ($128k), and Netherlands ($118k).

In 2022, Dominican Republic imported $54.1M in Excavation Machinery, mainly from United States ($25M), China ($6.35M), United Kingdom ($2.81M), France ($2.45M), and Italy ($2.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Australia$1.14M (17.3k%)
Netherlands$118k (1%)
Kuwait$71.7k (1.43k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Dominican Republic WERE (2021 - 2022):
Canada-$271k (-8.52%)
Italy-$56.3k (-100%)
Saudi Arabia-$54.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Excavation Machinery were:
In 2022, Dominican Republic's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $868k
TOP IMPORT POTENTIALChina+ $5.18M

Excavation Machinery’s highest export potential is Canada. With an export gap of $868k.   Excavation Machinery’s highest import potential is China with an import gap of $5.18M.

See methodology.

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