2022
Exports
$99.9MWorld Rnk 84 / 210
Flag Rnk 26 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$475MWorld Rnk 70 / 224
Flag Rnk 16 / 96
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $99.9M in Animal or vegetable fats, oils, & waxes, making it the 84th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 26th most exported product in Dominican Republic. The main destination of Animal or vegetable fats, oils, & waxes exports from Dominican Republic are: Haiti ($84.9M), United States ($8.54M), Cuba ($4.18M), Spain ($664k), and Curaçao ($335k).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Dominican Republic between 2021 and 2022 were Haiti ($30.1M), United States ($2.88M), and Cuba ($374k).

Imports In 2022, Dominican Republic imported $475M in Animal or vegetable fats, oils, & waxes, becoming the 70th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 16th most imported product in Dominican Republic. Dominican Republic imports Animal or vegetable fats, oils, & waxes primarily from: Argentina ($206M), United States ($89M), Colombia ($61.6M), Guatemala ($31.8M), and Spain ($22.9M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Dominican Republic between 2021 and 2022 were Argentina ($178M), Colombia ($24.5M), and Guatemala ($17.5M).

COMPANIES In 2023, leading companies such as Harvey Imports (3), Goya Foods (1), and Celebrity Cruises (1) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Dominican Republic to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$99.9M
IMPORTS (2022)$475M
NET TRADE (2022)-$375M

In 2022, Dominican Republic exported $99.9M in Animal or vegetable fats, oils, & waxes. The main destinations of Dominican Republic exports on Animal or vegetable fats, oils, & waxes were Haiti ($84.9M), United States ($8.54M), Cuba ($4.18M), Spain ($664k), and Curaçao ($335k).

In 2022, Dominican Republic imported $475M in Animal or vegetable fats, oils, & waxes, mainly from Argentina ($206M), United States ($89M), Colombia ($61.6M), Guatemala ($31.8M), and Spain ($22.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Haiti$30.1M (54.9%)
United States$2.88M (50.8%)
Cuba$374k (9.81%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Dominican Republic WERE (2021 - 2022):
Spain-$391k (-37%)
Guyana-$368k (-67.3%)
Honduras-$205k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Dominican Republic's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.71M
TOP IMPORT POTENTIALIndonesia+ $2.93M

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $1.71M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Indonesia with an import gap of $2.93M.

See methodology.

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