Venezuela-Dominican Rep. Bilateral Trade Analysis 2023
Complete trade statistics: $42.82M total volume •Venezuela surplus: $42.82M
Venezuela → Dominican Rep.
$42.82M
Exports (2023)
Dominican Rep. → Venezuela
$0
Imports (2023)
Trade Balance
$42.82M
Surplus for Venezuela
Total Trade
$42.82M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Venezuela and Dominican Rep.. Green line shows exports from Venezuela, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Venezuela-Dominican Rep. commercial relationship and competitive positioning in global markets.
Venezuela → Dominican Rep. Exports
Export Market Intelligence
🎯 Strategic Export Focus
Venezuela's export portfolio to Dominican Rep. demonstrates strategic specialization, with iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon representing a key competitive advantage in this bilateral market.
Dominican Rep. → Venezuela Imports
Import Dependency Profile
📦 Import Strategy Analysis
Venezuela's import pattern from Dominican Rep. reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Venezuela demonstrates competitive strength in exportingiron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon to Dominican Rep., leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $42.82M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Venezuela-Dominican Rep. Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $42.82 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Venezuela maintains a surplus of $42.82 million
- Export Focus: Venezuela's primary exports include iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon, iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness, rum and other spirits obtained by distilling fermented sugar-cane products
- Import Dependencies: Key imports from Dominican Rep. include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, ethylene polymers: in primary forms, n.e.c. in heading no. 3901, vinyl acetate copolymers: in aqueous dispersion, in primary forms
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 $42.82M 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 Venezuela leveraging its comparative advantages in iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon.
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
Venezuela's specialization in iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carboncomplements Dominican Rep.'s demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $42.82M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $42.82M 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 $42.82 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Venezuela's trade surplus of $42.82 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 Venezuela and Dominican Rep. represents a total trade volume of $42.82 million in 2023. This partnership demonstrates a favorable trade balance for Venezuela, with exports exceeding importsby $42.82 million.
Export Strengths
Venezuela's exports to Dominican Rep. total $42.82 million, with competitive advantages in iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon, representing $21.07M or49.2% of bilateral exports.
Import Dependencies
Imports from Dominican Rep. amount to $0.00, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Venezuela'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 Venezuela and Dominican Rep. in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023