India-Dominican Rep. Bilateral Trade Analysis 2023
Complete trade statistics: $871.34M total volume •India deficit: $16.75M
India → Dominican Rep.
$427.29M
Exports (2023)
Dominican Rep. → India
$444.05M
Imports (2023)
Trade Balance
$16.75M
Deficit for India
Total Trade
$871.34M
Combined Volume
Trade Flow Visualization
Direct trade relationship between India and Dominican Rep.. Green line shows exports from India, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the India-Dominican Rep. commercial relationship and competitive positioning in global markets.
India → Dominican Rep. Exports
Export Market Intelligence
🎯 Strategic Export Focus
India's export portfolio to Dominican Rep. 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.
Dominican Rep. → India Imports
Import Dependency Profile
📦 Import Strategy Analysis
India's import pattern from Dominican Rep. reveals strategic sourcingin metals: gold, non-monetary, unwrought (but not powder), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
India 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 Dominican Rep., leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $871.34M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: India-Dominican Rep. Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $871.34 millionrepresenting a significant bilateral economic relationship
- Trade Balance: India maintains a deficit of $16.75 million
- Export Focus: India'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, motorcycles (including mopeds) and cycles: fitted with an auxiliary motor, reciprocating internal combustion piston engine, of cylinder capacity exceeding 50cc but not exceeding 250cc, with or without side-cars: side-cars, ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%
- Import Dependencies: Key imports from Dominican Rep. include metals: gold, non-monetary, unwrought (but not powder), waste and scrap of primary cells, primary batteries and electric accumulators: spent primary cells, spent primary batteries and spent electric accumulators, aluminium: waste 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 $871.34M 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 India 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
India'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 Dominican Rep.'s demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: gold, non-monetary, unwrought (but not powder).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $871.34M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $871.34M 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 $871.34 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 metals: gold, non-monetary, unwrought (but not powder) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
India's trade deficit of $16.75 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 India and Dominican Rep. represents a total trade volume of $871.34 million in 2023. This partnership demonstrates an unfavorable trade balance for India, with imports exceeding exportsby $16.75 million.
Export Strengths
India's exports to Dominican Rep. total $427.29 million, 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 $47.23M or11.1% of bilateral exports.
Import Dependencies
Imports from Dominican Rep. amount to $444.05 million, highlighting economic interdependence in metals: gold, non-monetary, unwrought (but not powder), with Metals: gold, non-monetary, unwrought (but not powder) comprising74.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates India's strategic sourcing from Dominican Rep.. 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 India and Dominican Rep. in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023