eCommerce market in the Dominican Republic
The Dominican Republic is the 55th largest market for eCommerce with a predicted revenue of US$1,768.2 million by 2024, placing it ahead of Slovakia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.8%, resulting in a projected market volume of US$2,129.5 million by 2028. With an expected increase of 6.5% in 2024, the Dominican eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in the Dominican Republic, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Dominican eCommerce market. Electronics is the largest market and accounts for 23.9% of the Dominican eCommerce revenue. It is followed by Hobby & Leisure with 21.7%, Fashion with 20.9%, Furniture & Homeware with 11.3%, DIY with 8.5%, Care Products with 7.8%, and Grocery with the remaining 5.8%.
Market development
eCommerce revenue development in the Dominican Republic
The Dominican Republic is the 55th largest market for eCommerce with a predicted revenue of US$1,768.2 million by 2024, placing it ahead of Slovakia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.8%, resulting in a projected market volume of US$2,129.5 million by 2028. With an expected increase of 6.5% in 2024, the Dominican eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in the Dominican Republic, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Dominican eCommerce market. Electronics is the largest market and accounts for 23.9% of the Dominican eCommerce revenue. It is followed by Hobby & Leisure with 21.7%, Fashion with 20.9%, Furniture & Homeware with 11.3%, DIY with 8.5%, Care Products with 7.8%, and Grocery with the remaining 5.8%.
eCommerce revenue development in the Dominican Republic
eCommerce revenue growth in the Dominican Republic
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 93.5 | 49.6 | 40.1 | 85.3 | 81.3 | 22.8 | 40.2 | 49.7 |
Market comparison
The Dominican eCommerce market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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