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Pricing

2022
Flag → Flag
Exports $7.37MRnk 66 / 163
2022
Flag → Flag
Top Product $3.39MBananas
2022
Flag → Flag
Exports $107MRnk 70 / 218
2022
Flag → Flag
Top Product $28.5MMalt Extract
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Dominican Republic-Denmark Trade: In 2022, Dominican Republic exported $7.37M to Denmark. The main products that Dominican Republic exported to Denmark were Bananas ($3.39M), Hard Liquor ($3.29M), and Other Plastic Products ($146k). Over the past 5 years the exports of Dominican Republic to Denmark have decreased at an annualized rate of 1.47%, from $7.94M in 2017 to $7.37M in 2022.

In 2022, Dominican Republic did not export any services to Denmark.

Denmark-Dominican Republic Trade: In 2022, Denmark exported $107M to Dominican Republic. The main products that Denmark exported to Dominican Republic were Malt Extract ($28.5M), Concentrated Milk ($23.7M), and Packaged Medicaments ($12.7M). Over the past 5 years the exports of Denmark to Dominican Republic have increased at an annualized rate of 3.48%,  from $89.8M in 2017 to $107M in 2022.

In 2022, Denmark did not export any services to Dominican Republic.

Comparison: In 2022,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominican Republic exported $7.37M to Denmark. The main products exported from Dominican Republic to Denmark were Bananas ($3.39M), Hard Liquor ($3.29M), and Other Plastic Products ($146k). During the last 5 years the exports of Dominican Republic to Denmark have decreased at an annualized rate of 1.47%, from $7.94M in 2017 to $7.37M in 2022.

In 2017, Denmark exported $107M to Dominican Republic. The main products exported from Denmark to Dominican Republic were Malt Extract ($28.5M), Concentrated Milk ($23.7M), and Packaged Medicaments ($12.7M). During the last 5 years the exports of Denmark to Dominican Republic have increased at an annualized rate of 3.48%, from $89.8M in 2022 to $107M in 2017.

Exports from Dominican Republic (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Dominican Republic (Flag) (2022)

Latest Data

Trade between Dominican Republic (Flag) and Denmark (Flag)

Dominican Republic Exports

Denmark Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Denmark
Top DestinationGermany$18.9B

This map shows whether countries import more from Dominican Republic or Denmark. Each country is colored based on the difference in imports they receive from Dominican Republic and Denmark or the difference in the growth in imports.

In 2022, countries that imported more from Dominican Republic than Denmark included Haiti ($1.02B), Jamaica ($139M), and Nicaragua ($71.3M).

In 2022, countries that imported more from Denmark than Dominican Republic included Germany ($18.9B), Sweden ($11.6B), and Netherlands ($7.26B).

Difference in imports from Denmark (Flag) and Dominican Republic (Flag) (2022)

Comparative Advantage Dominican Republic - Denmark

Flow
Scale

This chart compares trade between Dominican Republic and Denmark by product, considering products traded by both, Dominican Republic and Denmark.

During 2022, Dominican Republic had a large net trade with Denmark in the exports of Vegetable Products ($3.39M), Foodstuffs ($3.35M), and Machines ($254k).

During 2017, Denmark had a large net trade with Dominican Republic in the exports of Foodstuffs ($33.4M), Animal Products ($27.2M), and Chemical Products ($18.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Dominican Republic Denmark+$658kHard Liquor
Top Product Potential Denmark Dominican Republic+$1.81MCheese

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Dominican Republic and Denmark. This means that a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Dominican Republic.

Product Space of Dominican Republic (Flag) and Denmark (Flag) (2022)

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