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Spain-Dominican Rep. Bilateral Trade Analysis 2023

Complete trade statistics: $1.26B total volume •Spain surplus: $977.28M

Spain → Dominican Rep.

$1.12B

Exports (2023)

Dominican Rep. → Spain

$142.12M

Imports (2023)

Trade Balance

$977.28M

Surplus for Spain

Total Trade

$1.26B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Spain and Dominican Rep.. Green line shows exports from Spain, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Spain-Dominican Rep. commercial relationship and competitive positioning in global markets.

Spain → Dominican Rep. Exports

$1.12B
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
4.3% top product
1Iron or steel: structures and parts thereof, n.e.c. in heading 7308
$48.13M
4.3% of exports
2Railway or tramway coaches: passenger coaches, luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading no. 8604)
$44.00M
3.9% of exports
3Railway or tramway coaches, vans and trucks: self-propelled, powered from an external source of electricity (excluding those of heading no. 8604)
$41.69M
3.7% of exports
4Juice: orange, frozen, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter
$38.19M
3.4% of exports
5Food preparations: n.e.c. in item no. 2106.10
$37.06M
3.3% of exports

🎯 Strategic Export Focus

Spain's export portfolio to Dominican Rep. demonstrates strategic specialization, with iron or steel: structures and parts thereof, n.e.c. in heading 7308 representing a key competitive advantage in this bilateral market.

Dominican Rep. → Spain Imports

$142.12M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
41.9% concentration
1Rum and other spirits obtained by distilling fermented sugar-cane products
$59.59M
41.9% of imports
2Cocoa beans: whole or broken, raw or roasted
$9.18M
6.5% of imports
3Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018
$8.94M
6.3% of imports
4Medical, surgical instruments and appliances: catheters, cannulae and the like
$6.77M
4.8% of imports
5Cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto
$5.70M
4.0% of imports

📦 Import Strategy Analysis

Spain's import pattern from Dominican Rep. reveals significant dependencyin rum and other spirits obtained by distilling fermented sugar-cane products, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Spain demonstrates competitive strength in exportingiron or steel: structures and parts thereof, n.e.c. in heading 7308 to Dominican Rep., leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $1.26B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Spain-Dominican Rep. Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $1.26 billionrepresenting a significant bilateral economic relationship
  • Trade Balance: Spain maintains a surplus of $977.28 million
  • Export Focus: Spain's primary exports include iron or steel: structures and parts thereof, n.e.c. in heading 7308, railway or tramway coaches: passenger coaches, luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading no. 8604), railway or tramway coaches, vans and trucks: self-propelled, powered from an external source of electricity (excluding those of heading no. 8604)
  • Import Dependencies: Key imports from Dominican Rep. include rum and other spirits obtained by distilling fermented sugar-cane products, cocoa beans: whole or broken, raw or roasted, medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 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 $1.26B 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 Spain leveraging its comparative advantages in iron or steel: structures and parts thereof, n.e.c. in heading 7308.

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

1

Comparative Advantage

Spain's specialization in iron or steel: structures and parts thereof, n.e.c. in heading 7308complements Dominican Rep.'s demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in rum and other spirits obtained by distilling fermented sugar-cane products.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $1.26B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $1.26B 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 $1.26 billion bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in iron or steel: structures and parts thereof, n.e.c. in heading 7308 and rum and other spirits obtained by distilling fermented sugar-cane products demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Spain's trade surplus of $977.28 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in railway or tramway coaches: passenger coaches, luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading no. 8604) present expansion opportunities.
Market Diversification
Beyond current focus on rum and other spirits obtained by distilling fermented sugar-cane products, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in iron or steel: structures and parts thereof, n.e.c. in heading 7308 may affect future market positioning.

🎯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 Spain and Dominican Rep. represents a total trade volume of $1.26 billion in 2023. This partnership demonstrates a favorable trade balance for Spain, with exports exceeding importsby $977.28 million.

Export Strengths

Spain's exports to Dominican Rep. total $1.12 billion, with competitive advantages in iron or steel: structures and parts thereof, n.e.c. in heading 7308, representing $48.13M or4.3% of bilateral exports.

Import Dependencies

Imports from Dominican Rep. amount to $142.12 million, highlighting economic interdependence in rum and other spirits obtained by distilling fermented sugar-cane products, with Rum and other spirits obtained by distilling fermented sugar-cane products comprising41.9% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Spain'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 Spain and Dominican Rep. in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023