What is the value of US trade with the Dominican Republic?
Updates published annually
$16.8 billion in imports and $16.7 billion in exports in 2024. That means that the US imported $128 million more from the Dominican Republic than we exported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$16.8B
Value of imports from the Dominican Republic to the US (2024)
$16.7B
Value of exports from the US to the Dominican Republic (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks the Dominican Republic as the US’ 35th top trading partner: In 2024, the US traded $33.6 billion in goods and services with the Dominican Republic. Countries with similar trade values include Poland ($34.9B) and Luxembourg ($32.5B).
In 2024, the US traded $33.6 billion in goods and services with the Dominican Republic.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US had a trade deficit with the Dominican Republic in 2024. The 2024 deficit was $128 million, a decrease from 2023's surplus of $808 million.
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The trade deficit with the Dominican Republic increased to $128M in 2024.
Annual trade balance with the Dominican Republic, not adjusted for inflation
In 2024, 54.7% of imports from the Dominican Republic to the US were services. The largest category was travel (money leaving the US by Americans spending on things like lodging, meals, transportation, and entertainment abroad), accounting for $7.86 billion. The top three imports were travel, transport (transactions associated with moving people and property from one location to another, like passenger flights and ocean cargo shipping), and business services (like R&D, consulting, and tech services). These categories accounted for $9.07 billion of total imports.
The other 45.4% were goods, with capital goods (tools used for the production process, like machinery and equipment) being the largest goods category. Capital goods accounted for $2.84 billion.
Travel made up 46.6% of US imports from the Dominican Republic in 2024.
US imports from the Dominican Republic by category (2024)
In 2024, more US exports to the Dominican Republic were goods — 77.8%. The largest export was industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), which accounted for a value of $6.45 billion. The top three exports were industrial supplies and materials, capital goods, and food, feeds, and beverages. These categories accounted for $10.2 billion of exports to the Dominican Republic.
The other 22.2% were services, with transport being the largest service category. Transport accounted for $1.47 billion.
Industrial supplies and materials made up 38.6% of US exports to the Dominican Republic in 2024.
US exports to the Dominican Republic by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
