What is the value of India-Dominican Republic trade?

According to the MEA brief of July 2026, two-way trade was US$ 2055.54 million in 2025-26, with Indian exports of 411.12 million and imports of 1644.42 million. The balance of trade is in favour of the Dominican Republic.

What does India import from the Dominican Republic?

Important Dominican exports to India include gold, iron and steel, pulp of wood, aluminium and cocoa. The brief notes that Dominican exports have fluctuated because of an over-reliance on gold.

Which Indian vehicle makers operate in the Dominican Republic?

Bajaj, Hero, TVS, Eicher Motors, TATA Motors and Ashok Leyland sell through local partners. TATA Motors launched commercial vehicle operations on 12 August 2025 and Ashok Leyland on 06 November 2025.

India's trade and investment with the Dominican Republic

This article covers trade and investment between India and the Dominican Republic (DR): the value of two-way trade by financial year, the main goods traded, the agreements and mechanisms set up to support commerce, and the Indian companies active in the Dominican market. It is based on the MEA bilateral brief of July 2026, and all figures are as given in that brief.

Trade figures

According to the MEA brief of July 2026, two-way trade between India and the Dominican Republic was US$ 2055.54 million in the financial year 2025-26. The brief states that bilateral trade has increased significantly in the last few years, with the balance of trade in favour of the Dominican Republic.

The brief gives the following figures in US$ million, sourced from the Department of Commerce, Government of India. Each line shows India's exports, India's imports and total trade, with the brief's percentage growth for each in brackets.

2018-19: exports 215.81 (9.6), imports 566.57 (-12.27), total 782.38 (-7.16)
2019-20: exports 213.32 (-1.15), imports 361.11 (-36.26), total 574.43 (-26.58)
2020-21: exports 209.06 (-2.0), imports 256.94 (-28.85), total 466.00 (-18.88)
2021-22: exports 310.08 (48.32), imports 648.77 (152.5), total 958.85 (105.76)
2022-23: exports 329.63 (6.3), imports 360.31 (-44), total 689.94 (-28)
2023-24: exports 347 (5.27), imports 570.47 (58.33), total 917.47 (32.98)
2024-25: exports 381.67 (9.99), imports 730.02 (27.97), total 1111.69 (21.17)
2025-26: exports 411.12 (7.71), imports 1644.42 (125.26), total 2055.54 (84.90)

The brief notes that Dominican exports to India have fluctuated because of an over-reliance on gold as the major export item.

What is traded

The main items of India's exports to the Dominican Republic are pharmaceuticals, automobiles, marine products, cotton yarn and fabrics, plastic and linoleum, iron and steel, tobacco, dyeing extracts and boilers. Important Dominican exports to India include gold, iron and steel, pulp of wood, aluminium and cocoa.

Agreements and mechanisms

A MoU on Joint Economic and Trade Cooperation (JETCO) between the Ministry of Foreign Affairs of the Dominican Republic and the Ministry of Commerce of India was signed on 12 March 2024 to enhance trade, economic and commercial relations. The brief states that the first meeting of JETCO is expected in New Delhi.

A Joint Action Plan (JAP) between the Director General of Customs of the Dominican Republic and India's Central Board of Indirect Taxes and Customs (CBIC) was signed on 04 August 2025. It lays out a roadmap for a Mutual Recognition Agreement (MRA) that would enable Authorized Economic Operators (AEOs) from both countries to access similar customs benefits in all ports and airports.

Ms. Biviana Riveiro, Executive Director of ProDominicana, the Dominican export and investment promotion agency, and Mr. Marcial Smester, its Director of Investment, took part in the 9th CII Conclave in New Delhi from 3-4 August 2023. A MoU for collaboration between ProDominicana and Invest India was signed during the conclave. Dr. Jorge Morales Paulino, Vice Minister for the promotion of MSMEs, attended the 10th CII India-LAC Conclave from 19-20 March 2025.

Indian companies in the Dominican Republic

TATA Motors officially launched its operations in the Dominican Republic on 12 August 2025 in the commercial vehicles sector, in partnership with EQUIMAX, which deals exclusively in heavy vehicles. The brief describes this as a significant milestone in trade and investment relations. On 06 November 2025, Ashok Leyland, in partnership with United Motors Grupo Haina SRL, officially launched its commercial vehicle range in the country.

Indian pharmaceutical companies with representatives in the Dominican Republic include Glenmark, Hetero, Caplin Point, MSN Labs, Reliance Life Sciences, Emcure and Bharat Serums & Vaccines. The brief adds that many other pharmaceutical companies present in the region are doing good business in the country.

Indian automotive companies including Bajaj, Hero, TVS, Eicher Motors, TATA Motors (commercial vehicles) and Ashok Leyland sell their products through local partners. Other four-wheeler brands, namely Hyundai, Suzuki and Kia, source their small cars from India.

Business associations

The brief records that an Indian Chamber of Commerce has long existed in the Dominican Republic but was not functional, and that the Indian Embassy made efforts to revive it. In August 2024, the Chamber held its Ordinary General Assembly and elected new board members.