2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH
87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 19 / 186

About

Ireland-Dominican Republic Trade: In 2022, Ireland exported $35M to Dominican Republic. The main products that Ireland exported to Dominican Republic were Malt Extract ($7.81M), Concentrated Milk ($6.79M), and Packaged Medicaments ($5.61M). Over the past 5 years the exports of Ireland to Dominican Republic have increased at an annualized rate of 12.7%, from $19.2M in 2017 to $35M in 2022.

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

Dominican Republic-Ireland Trade: In 2022, Dominican Republic exported $20.3M to Ireland. The main products that Dominican Republic exported to Ireland were Bananas ($11.4M), Medical Instruments ($1.9M), and Other Footwear ($1.11M). Over the past 5 years the exports of Dominican Republic to Ireland have increased at an annualized rate of 10.3%,  from $12.4M in 2017 to $20.3M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $35M to Dominican Republic. The main products exported from Ireland to Dominican Republic were Malt Extract ($7.81M), Concentrated Milk ($6.79M), and Packaged Medicaments ($5.61M). During the last 5 years the exports of Ireland to Dominican Republic have increased at an annualized rate of 12.7%, from $19.2M in 2017 to $35M in 2022.

In 2017, Dominican Republic exported $20.3M to Ireland. The main products exported from Dominican Republic to Ireland were Bananas ($11.4M), Medical Instruments ($1.9M), and Other Footwear ($1.11M). During the last 5 years the exports of Dominican Republic to Ireland have increased at an annualized rate of 10.3%, from $12.4M in 2022 to $20.3M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Dominican Republic
Top Destination
United States$6.85B

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

In 2022, countries that imported more from Ireland than Dominican Republic included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Dominican Republic

Flow
Scale

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

During 2022, Ireland had a large net trade with Dominican Republic in the exports of Foodstuffs ($10M), Animal Products ($7.3M), and Chemical Products ($6.63M).

During 2017, Dominican Republic had a large net trade with Ireland in the exports of Vegetable Products ($11.5M), Instruments ($2.31M), and Chemical Products ($1.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Dominican Republic+$2.89MMedical Instruments
Top Product Potential Dominican Republic Ireland+$5.78MMedical Instruments

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 Ireland and Dominican Republic. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Dominican Republic. Similarly, a dot/product with the flag of Dominican Republic indicates it has a comparative advantage over Ireland.

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

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