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2023
Exports $2.81kWorld Rnk 124 / 150
Flag Rnk 890 / 1008
2023
Destination $2.02k Anguilla
2022 - 2023
FASTEST GROWING MARKET $2.02kAnguilla
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $755MWorld Rnk 60 / 159
Flag Rnk 4 / 1159
2023
Origin $5.36M United States
2022 - 2023
FASTEST GROWING ORIGIN $5.36MNigeria
2023
ECONOMIC COMPLEXITY of Dominican Republic0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $2.81k in Crude Petroleum, making it the 124th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 890th most exported product in Dominican Republic. The main destination of Crude Petroleum exports from Dominican Republic are: Anguilla ($2.02k) and Turks and Caicos Islands ($792).

The fastest growing export markets for Crude Petroleum of Dominican Republic between 2022 and 2023 were Anguilla ($2.02k) and Turks and Caicos Islands ($792).

Imports In 2023, Dominican Republic imported $755M in Crude Petroleum, becoming the 60th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Dominican Republic. Dominican Republic imports Crude Petroleum primarily from: United States ($706M), Nigeria ($48.9M), and United Kingdom ($1.62k).

The fastest growing import markets in Crude Petroleum for Dominican Republic between 2022 and 2023 were Nigeria ($5.36M) and United Kingdom ($1.62k).

Latest Trends

Jan 2025

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 Crude Petroleum. 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 (2023)$2.81k
IMPORTS (2023)$755M
NET TRADE (2023)-$755M

In 2023, Dominican Republic exported $2.81k in Crude Petroleum. The main destinations of Dominican Republic exports on Crude Petroleum were Anguilla ($2.02k) and Turks and Caicos Islands ($792).

In 2023, Dominican Republic imported $755M in Crude Petroleum, mainly from United States ($706M), Nigeria ($48.9M), and United Kingdom ($1.62k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Anguilla$2.02k (1%)
Turks and Caicos Islands$792 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Dominican Republic WERE (2022 - 2023):
Canada-$85 (-100%)
Spain-$81 (-100%)
United States-$32 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Dominican Republic's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.39k
TOP IMPORT POTENTIALNigeria+ $37.8M

Crude Petroleum’s highest export potential is China. With an export gap of $1.39k.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $37.8M.

See methodology.

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