Dominican Rep.-Costa Rica Bilateral Trade Analysis 2023
Complete trade statistics: $413.03M total volume •Dominican Rep. deficit: $264.02M
Dominican Rep. → Costa Rica
$74.51M
Exports (2023)
Costa Rica → Dominican Rep.
$338.52M
Imports (2023)
Trade Balance
$264.02M
Deficit for Dominican Rep.
Total Trade
$413.03M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominican Rep. and Costa Rica. 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.-Costa Rica commercial relationship and competitive positioning in global markets.
Dominican Rep. → Costa Rica Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominican Rep.'s export portfolio to Costa Rica demonstrates strategic specialization, with valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like representing a key competitive advantage in this bilateral market.
Costa Rica → Dominican Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominican Rep.'s import pattern from Costa Rica reveals significant dependencyin insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominican Rep. demonstrates competitive strength in exportingvalves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like to Costa Rica, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $413.03M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominican Rep.-Costa Rica Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $413.03 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominican Rep. maintains a deficit of $264.02 million
- Export Focus: Dominican Rep.'s primary exports include valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like, iron or non-alloy steel: angles, shapes and sections, cold-formed or cold-finished, (not obtained from flat-rolled products), electrical apparatus: automatic circuit breakers, for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from Costa Rica include insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, food preparations: n.e.c. in item no. 2106.10, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
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 $413.03M 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 valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like.
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 valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the likecomplements Costa Rica's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $413.03M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $413.03M 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 $413.03 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like and insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominican Rep.'s trade deficit of $264.02 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 Costa Rica represents a total trade volume of $413.03 million in 2023. This partnership demonstrates an unfavorable trade balance for Dominican Rep., with imports exceeding exportsby $264.02 million.
Export Strengths
Dominican Rep.'s exports to Costa Rica total $74.51 million, with competitive advantages in valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like, representing $7.33M or9.8% of bilateral exports.
Import Dependencies
Imports from Costa Rica amount to $338.52 million, highlighting economic interdependence in insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, with Insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors comprising15.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dominican Rep.'s strategic sourcing from Costa Rica. 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 Costa Rica in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023