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Exports In 2022, Dominican Republic exported $162M in Rum and tafia, making it the 3rd largest exporter of Rum and tafia in the world. At the same year, Rum and tafia was the 13th most exported product in Dominican Republic. The main destination of Rum and tafia exports from Dominican Republic are: Spain ($60.7M), United States ($19.9M), Latvia ($11.7M), Dominican Republic ($10.2M), and United Kingdom ($6.67M).

The fastest growing export markets for Rum and tafia of Dominican Republic between 2021 and 2022 were Spain ($19.4M), Latvia ($11.7M), and Dominican Republic ($4.92M).

Imports In 2022, Dominican Republic imported $23.2M in Rum and tafia, becoming the 18th largest importer of Rum and tafia in the world. At the same year, Rum and tafia was the 216th most imported product in Dominican Republic. Dominican Republic imports Rum and tafia primarily from: Dominican Republic ($10.2M), Venezuela ($8.81M), Panama ($1.67M), Guatemala ($673k), and United States ($474k).

The fastest growing import markets in Rum and tafia for Dominican Republic between 2021 and 2022 were Venezuela ($7.67M), Dominican Republic ($4.92M), and Panama ($1.42M).

COMPANIES In 2023, leading companies such as Del Monte Foods (6.21k), Ayco Farms (3.59k), and Family Tobacco Traders (1.81k) were at the forefront of shipping Rum and tafia from Dominican Republic to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Rum and tafia. 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)$162M
IMPORTS (2022)$23.2M
NET TRADE (2022)$139M

In 2022, Dominican Republic exported $162M in Rum and tafia. The main destinations of Dominican Republic exports on Rum and tafia were Spain ($60.7M), United States ($19.9M), Latvia ($11.7M), Dominican Republic ($10.2M), and United Kingdom ($6.67M).

In 2022, Dominican Republic imported $23.2M in Rum and tafia, mainly from Dominican Republic ($10.2M), Venezuela ($8.81M), Panama ($1.67M), Guatemala ($673k), and United States ($474k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rum and tafia EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Spain$19.4M (47.1%)
Latvia$11.7M (17.7k%)
Dominican Republic$4.92M (92.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rum and tafia BY Dominican Republic WERE (2021 - 2022):
Russia-$11.8M (-82.6%)
Germany-$2.54M (-38.7%)
United States-$2.08M (-9.47%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Dominican Republic's main exporting competitors in Rum and tafia were:
In 2022, Dominican Republic's main importing competitors in Rum and tafia were:

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Trade Value of Rum and tafia by Exporters

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