Dominican Rep.-Saint Vincent and the Grenadines Bilateral Trade Analysis 2023
Complete trade statistics: $9.14M total volume •Dominican Rep. surplus: $9.14M
Dominican Rep. → Saint Vincent and the Grenadines
$9.14M
Exports (2023)
Saint Vincent and the Grenadines → Dominican Rep.
$0
Imports (2023)
Trade Balance
$9.14M
Surplus for Dominican Rep.
Total Trade
$9.14M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominican Rep. and Saint Vincent and the Grenadines. 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.-Saint Vincent and the Grenadines commercial relationship and competitive positioning in global markets.
Dominican Rep. → Saint Vincent and the Grenadines Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominican Rep.'s export portfolio to Saint Vincent and the Grenadines demonstrates strategic specialization, with 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 representing a key competitive advantage in this bilateral market.
Saint Vincent and the Grenadines → Dominican Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominican Rep.'s import pattern from Saint Vincent and the Grenadines reveals significant dependencyin aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominican Rep. demonstrates competitive strength in exportingiron 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 to Saint Vincent and the Grenadines, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $9.14M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominican Rep.-Saint Vincent and the Grenadines Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $9.14 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominican Rep. maintains a surplus of $9.14 million
- Export Focus: Dominican Rep.'s primary exports include 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, sugars: molasses, from sugar cane, resulting from the extraction or refining of sugar, electrical apparatus: n.e.c. in heading no. 8535, for switching or protecting electrical circuits, for a voltage exceeding 1000 volts
- Import Dependencies: Key imports from Saint Vincent and the Grenadines include aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like, iron or steel: structures and parts thereof, n.e.c. in heading 7308, plastics n.e.c. in heading no. 3915: waste, parings and scrap
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 $9.14M 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 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.
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 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 rollingcomplements Saint Vincent and the Grenadines's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $9.14M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $9.14M 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 $9.14 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in 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 and aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominican Rep.'s trade surplus of $9.14 million strengthens 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 Saint Vincent and the Grenadines represents a total trade volume of $9.14 million in 2023. This partnership demonstrates a favorable trade balance for Dominican Rep., with exports exceeding importsby $9.14 million.
Export Strengths
Dominican Rep.'s exports to Saint Vincent and the Grenadines total $9.14 million, with competitive advantages in 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, representing $1.22M or13.3% of bilateral exports.
Import Dependencies
Imports from Saint Vincent and the Grenadines amount to $0.00, highlighting economic interdependence in aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like, with Aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Dominican Rep.'s competitive position in this bilateral relationship. 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 Saint Vincent and the Grenadines in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023