T-info
T-discovery
My
Tendata
Market Analysis
Customer
Development
Competitor
Monitoring
Customer Relationship
Trade Data
05-12-2023
Dominican exports to the world in 2022 are valued at US$12.4 billion. This represents a 4.7% year-on-year increase compared to 2021 exports of US$11.8 billion.
Top Trading Partners of the Dominican Republic
The latest country-specific data shows that 88.1% of the Dominican Republic's exports were purchased by importers from the following countries: the United States (56% of the Dominican Republic's total), Haiti (8.4%), Switzerland (8.4%), the Netherlands (3.6%), India (2.8%), Mainland China (2.5%), South Korea (1.7%), Italy (1.1%), Germany (1.1%), Belgium (1%), Canada (0.9%) and Jamaica (0.8%).
The Dominican Republic's Top 10 Exports
1. Gemstones, precious metals: US$2.1 billion (17.1% of total exports)
2. Optical, technical, medical devices: $1.4 billion (11.5%)
3. Tobacco, artificial substitutes: $1.23 billion (9.9%)
4. Motors, equipment: $1.21 billion (9.8%)
5. Iron and steel: $786 million (6.3%)
6. Plastics, plastic products: $703.7 million (5.7%)
7. Knit or crocheted apparel, accessories: $545.4 million (4.4%)
8. Pharmaceuticals: $485.4 million (3.9%)
9. Fruits, nuts: $380.2 million (3.1%)
10. Footwear: $227.2 million (1.8%)
The Dominican Republic's top ten exports account for almost three-quarters (73.5%) of its total global exports.
Plastics as materials and plastic products are the fastest growing of the country's top ten export categories, growing by 28.9% from 2021 to 2022. The second highest improvement in export sales was in iron and steel metal, which grew by 22.5 %. Knitted or crocheted apparel and accessories exports from the Dominican Republic grew the third fastest, up 22.3 %.
The worst decline among the Dominican Republic's top ten export categories was Gemstones and Precious Metals, down -17.1% year-over-year. This product category experienced lower international sales of gold and jewelry exports from the Dominican Republic.
Drilling down into the more detailed four-digit HTS codes, the Dominican Republic's most valuable export in 2022 is electronic medical equipment including X-rays (11.13% of the country's global total). In second place is unforged gold (11.12 %), followed by cigars and cigarettes (8.2 %), low-voltage switches or fuses (6.8 %), jewelry (5.3 %), ferro-alloys (4.3 %), knitted or crocheted T-shirts and tank tops (3.3 %), sewing threads and specialty pharmaceuticals (3.1 %), bananas and plantain (1.9 %), and then cocoa beans (1.7 %).
>>>Click to Get Free Access to Customs Data from 80+ Countries<<<
Is Free Customs Data Useful?
Currently, customs data in the market is divided into two categories: paid and free. According to Tendata's knowledge, many customs data companies claim to have developed a free customs data system. However, the core intention is to attract traffic for secondary marketing and profit.
Shanghai Tendata iTrader provides detailed customs data inquiries from 80+ countries, (>>>Click to Use Data Analytics for Free Online) statistical data inquiries from 27 EU countries, millions of genuine and accurate purchaser information, and detailed information on successful client bill of ladings. With its system capable of generating 17 types of market data analysis reports with a single click, Tendata iTrader assists management in making informed decisions effortlessly.
Category
Leave Message for Demo Request or Questions
