Key Market Indicators
The Dominican Republic's transformer import and export market is forecast to reach around $77 million and $2.5 million, respectively, by 2026. In 2021, Dominican imports of transformers were valued at $70 million, up 1.2% annually since 2006. The country ranked 75th in 2021, behind Costa Rica at $70 million. China, Germany and Mexico followed, in second, third and fourth place, respectively. Conversely, Dominican transformer exports were estimated at $8.6 million in 2021, down 20.1% from their average rate since 2001. The country ranked 67th in 2021, behind Namibia at $8.6 million. Germany, the US and Japan placed second, third and fourth, respectively.
