Dominican Rep.-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $857.53M total volume •Dominican Rep. deficit: $725.48M
Dominican Rep. → Italy
$66.03M
Exports (2023)
Italy → Dominican Rep.
$791.50M
Imports (2023)
Trade Balance
$725.48M
Deficit for Dominican Rep.
Total Trade
$857.53M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominican Rep. and Italy. 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.-Italy commercial relationship and competitive positioning in global markets.
Dominican Rep. → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominican Rep.'s export portfolio to Italy demonstrates strategic specialization, with medical, surgical instruments and appliances: catheters, cannulae and the like representing a key competitive advantage in this bilateral market.
Italy → Dominican Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominican Rep.'s import pattern from Italy reveals significant dependencyin jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominican Rep. demonstrates competitive strength in exportingmedical, surgical instruments and appliances: catheters, cannulae and the like to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $857.53M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominican Rep.-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $857.53 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominican Rep. maintains a deficit of $725.48 million
- Export Focus: Dominican Rep.'s primary exports include medical, surgical instruments and appliances: catheters, cannulae and the like, cocoa beans: whole or broken, raw or roasted, medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018
- Import Dependencies: Key imports from Italy include jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, metals: gold, semi-manufactured, electric generators: ac generators, (alternators), of an output exceeding 750kva
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 $857.53M 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 medical, surgical instruments and appliances: catheters, cannulae and 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 medical, surgical instruments and appliances: catheters, cannulae and the likecomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $857.53M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $857.53M 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 $857.53 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medical, surgical instruments and appliances: catheters, cannulae and the like and jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominican Rep.'s trade deficit of $725.48 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 Italy represents a total trade volume of $857.53 million in 2023. This partnership demonstrates an unfavorable trade balance for Dominican Rep., with imports exceeding exportsby $725.48 million.
Export Strengths
Dominican Rep.'s exports to Italy total $66.03 million, with competitive advantages in medical, surgical instruments and appliances: catheters, cannulae and the like, representing $17.14M or26.0% of bilateral exports.
Import Dependencies
Imports from Italy amount to $791.50 million, highlighting economic interdependence in jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof, with Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof comprising25.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dominican Rep.'s strategic sourcing from Italy. 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 Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023