Dominican Republic recorded a trade deficit of 602.70 USD Million in March of 2020.

Balance of Trade in Dominican Republic averaged -494.05 USD Million from 1997 until 2020, reaching an all time high of -80.60 USD Million in June of 1998 and a record low of -1028.20 USD Million in July of 2008. This page provides - Dominican Republic Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Balance of Trade - values, historical data and charts - was last updated on October of 2020.

Balance of Trade in Dominican Republic is expected to be -605.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Dominican Republic to stand at -640.00 in 12 months time. In the long-term, the Dominican Republic Balance of Trade is projected to trend around -640.00 USD Million in 2021, according to our econometric models.

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Dominican Republic Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-602.70 -553.80 -80.60 -1028.20 1997 - 2020 USD Million Monthly

Dominican Republic Trade Last Previous Highest Lowest Unit
Balance of Trade -602.70 -553.80 -80.60 -1028.20 USD Million [+]
Current Account -67.90 -336.70 587.00 -1561.10 USD Million [+]
Current Account to GDP -1.40 -1.40 5.00 -9.40 percent [+]
Imports 1229.50 1097.30 1926.90 324.80 USD Million [+]
Exports 823.20 685.90 1016.00 282.80 USD Million [+]
Remittances 777.35 769.93 1088.90 78.50 USD Million [+]
Gold Reserves 0.57 0.57 0.57 0.56 Tonnes [+]
Terrorism Index 0.18 0.38 2.58 0.00 [+]
Tourist Arrivals 135163.00 1021.00 672969.00 217.00 [+]
Foreign Direct Investment 758.40 648.40 1658.80 123.50 USD Million [+]
External Debt 26133.40 26190.60 26190.60 11056.90 USD Million [+]
Capital Flows -1126.30 -527.10 3231.20 -2143.60 USD Million [+]

Dominican Republic Balance of Trade
The Dominican Republic’s dwindling export competitiveness has resulted in large trade deficits in recent years. The Dominican Republic mostly exports ferronickel, cigars, plastics, electrical equipment, bananas, jewellery, medical equipment, clothing, scrap metals and beverages. Dominican Republic mostly imports fuel, electrical equipment, natural gas, oil, iron and steel, corn, jewellery, electronic appliances and cotton. The Dominican Republic’s main trading partner is the United States accounting for over 50 percent of total trade. Others include Venezuela, China, Colombia, Mexico, Haiti and Netherlands Antilles.