Dominican Rep.-Guatemala Bilateral Trade Analysis 2023
Complete trade statistics: $252.47M total volume •Dominican Rep. deficit: $252.47M
Dominican Rep. → Guatemala
$0
Exports (2023)
Guatemala → Dominican Rep.
$252.47M
Imports (2023)
Trade Balance
$252.47M
Deficit for Dominican Rep.
Total Trade
$252.47M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominican Rep. and Guatemala. 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.-Guatemala commercial relationship and competitive positioning in global markets.
Dominican Rep. → Guatemala Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominican Rep.'s export portfolio to Guatemala demonstrates strategic specialization, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Guatemala → Dominican Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominican Rep.'s import pattern from Guatemala reveals significant dependencyin washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominican Rep. demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Guatemala, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $252.47M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominican Rep.-Guatemala Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $252.47 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominican Rep. maintains a deficit of $252.47 million
- Export Focus: Dominican Rep.'s primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, meat: of bovine animals, boneless cuts, frozen, electrical apparatus: automatic circuit breakers, for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from Guatemala include washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa
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 $252.47M 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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Guatemala's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $252.47M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $252.47M 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 $252.47 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominican Rep.'s trade deficit of $252.47 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 Guatemala represents a total trade volume of $252.47 million in 2023. This partnership demonstrates an unfavorable trade balance for Dominican Rep., with imports exceeding exportsby $252.47 million.
Export Strengths
Dominican Rep.'s exports to Guatemala total $0.00, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $10.76M orInfinity% of bilateral exports.
Import Dependencies
Imports from Guatemala amount to $252.47 million, highlighting economic interdependence in washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale, with Washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale comprising6.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dominican Rep.'s strategic sourcing from Guatemala. 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 Guatemala in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023