2022
Exports
$11MWorld Rnk 62 / 177
Flag Rnk 126 / 1030
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$86.2MWorld Rnk 55 / 219
Flag Rnk 72 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $11M in Iron Blocks, making it the 62nd largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 126th most exported product in Dominican Republic. The main destination of Iron Blocks exports from Dominican Republic are: Costa Rica ($6.62M), United States ($1.63M), Haiti ($1.02M), Jamaica ($566k), and Turks and Caicos Islands ($328k).

The fastest growing export markets for Iron Blocks of Dominican Republic between 2021 and 2022 were Costa Rica ($1.56M), United States ($1.54M), and Haiti ($626k).

Imports In 2022, Dominican Republic imported $86.2M in Iron Blocks, becoming the 55th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 72nd most imported product in Dominican Republic. Dominican Republic imports Iron Blocks primarily from: Turkey ($19.2M), Spain ($19.1M), China ($14.8M), United States ($8.05M), and Luxembourg ($7.24M).

The fastest growing import markets in Iron Blocks for Dominican Republic between 2021 and 2022 were China ($11.8M), Mexico ($6.6M), and Brazil ($6.4M).

COMPANIES In 2023, leading companies such as Adidas (1) were at the forefront of shipping Iron Blocks 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 Iron Blocks. 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)$11M
IMPORTS (2022)$86.2M
NET TRADE (2022)-$75.2M

In 2022, Dominican Republic exported $11M in Iron Blocks. The main destinations of Dominican Republic exports on Iron Blocks were Costa Rica ($6.62M), United States ($1.63M), Haiti ($1.02M), Jamaica ($566k), and Turks and Caicos Islands ($328k).

In 2022, Dominican Republic imported $86.2M in Iron Blocks, mainly from Turkey ($19.2M), Spain ($19.1M), China ($14.8M), United States ($8.05M), and Luxembourg ($7.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Costa Rica$1.56M (30.8%)
United States$1.54M (1.68k%)
Haiti$626k (158%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Dominican Republic WERE (2021 - 2022):
Jamaica-$796k (-58.5%)
Panama-$64.2k (-43.2%)
Dominica-$54.5k (-79.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Dominican Republic's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $533k
TOP IMPORT POTENTIALChina+ $2.27M

Iron Blocks’s highest export potential is United States. With an export gap of $533k.   Iron Blocks’s highest import potential is China with an import gap of $2.27M.

See methodology.

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