Dominican Rep.-Colombia Bilateral Trade Analysis 2023
Complete trade statistics: $609.77M total volume •Dominican Rep. deficit: $609.77M
Dominican Rep. → Colombia
$0
Exports (2023)
Colombia → Dominican Rep.
$609.77M
Imports (2023)
Trade Balance
$609.77M
Deficit for Dominican Rep.
Total Trade
$609.77M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominican Rep. and Colombia. Green line shows exports from Dominican Rep., red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dominican Rep.-Colombia commercial relationship and competitive positioning in global markets.
Dominican Rep. → Colombia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominican Rep.'s export portfolio to Colombia demonstrates strategic specialization, with odoriferous substances and mixtures: of a kind used in the food or drink industries representing a key competitive advantage in this bilateral market.
Colombia → Dominican Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominican Rep.'s import pattern from Colombia reveals significant dependencyin coal: bituminous, whether or not pulverised, but not agglomerated, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominican Rep. demonstrates competitive strength in exportingodoriferous substances and mixtures: of a kind used in the food or drink industries to Colombia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $609.77M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominican Rep.-Colombia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $609.77 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominican Rep. maintains a deficit of $609.77 million
- Export Focus: Dominican Rep.'s primary exports include odoriferous substances and mixtures: of a kind used in the food or drink industries, pharmaceutical goods: appliances identifiable for ostomy use, medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018
- Import Dependencies: Key imports from Colombia include coal: bituminous, whether or not pulverised, but not agglomerated, vegetable oils: palm oil and its fractions, crude, not chemically modified, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $609.77M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Dominican Rep. leveraging its comparative advantages in odoriferous substances and mixtures: of a kind used in the food or drink industries.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Dominican Rep.'s specialization in odoriferous substances and mixtures: of a kind used in the food or drink industriescomplements Colombia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in coal: bituminous, whether or not pulverised, but not agglomerated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $609.77M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $609.77M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $609.77 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in odoriferous substances and mixtures: of a kind used in the food or drink industries and coal: bituminous, whether or not pulverised, but not agglomerated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominican Rep.'s trade deficit of $609.77 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Dominican Rep. and Colombia represents a total trade volume of $609.77 million in 2023. This partnership demonstrates an unfavorable trade balance for Dominican Rep., with imports exceeding exportsby $609.77 million.
Export Strengths
Dominican Rep.'s exports to Colombia total $0.00, with competitive advantages in odoriferous substances and mixtures: of a kind used in the food or drink industries, representing $19.13M orInfinity% of bilateral exports.
Import Dependencies
Imports from Colombia amount to $609.77 million, highlighting economic interdependence in coal: bituminous, whether or not pulverised, but not agglomerated, with Coal: bituminous, whether or not pulverised, but not agglomerated comprising30.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dominican Rep.'s strategic sourcing from Colombia. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Dominican Rep. and Colombia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023