2022
Exports
$4.11MWorld Rnk 58 / 175
Flag Rnk 203 / 1030
2022
PRODUCT COMPLEXITY IN Soups and Broths
-0.5Rnk 704 / 1025
2022
Imports
$6.94MWorld Rnk 83 / 223
Flag Rnk 443 / 1163
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $4.11M in Soups and Broths, making it the 58th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 203rd most exported product in Dominican Republic. The main destination of Soups and Broths exports from Dominican Republic are: United States ($1.3M), Jamaica ($1.03M), Trinidad and Tobago ($936k), Guyana ($501k), and Suriname ($194k).

The fastest growing export markets for Soups and Broths of Dominican Republic between 2021 and 2022 were United States ($573k), Bahamas ($102k), and Jamaica ($27.5k).

Imports In 2022, Dominican Republic imported $6.94M in Soups and Broths, becoming the 83rd largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 443rd most imported product in Dominican Republic. Dominican Republic imports Soups and Broths primarily from: Guatemala ($3.03M), United States ($1.77M), Chile ($1.05M), Turkey ($515k), and El Salvador ($313k).

The fastest growing import markets in Soups and Broths for Dominican Republic between 2021 and 2022 were Guatemala ($1.99M), Turkey ($286k), and United States ($90.8k).

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 Soups and Broths. 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)$4.11M
IMPORTS (2022)$6.94M
NET TRADE (2022)-$2.84M

In 2022, Dominican Republic exported $4.11M in Soups and Broths. The main destinations of Dominican Republic exports on Soups and Broths were United States ($1.3M), Jamaica ($1.03M), Trinidad and Tobago ($936k), Guyana ($501k), and Suriname ($194k).

In 2022, Dominican Republic imported $6.94M in Soups and Broths, mainly from Guatemala ($3.03M), United States ($1.77M), Chile ($1.05M), Turkey ($515k), and El Salvador ($313k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$573k (78.9%)
Bahamas$102k (1%)
Jamaica$27.5k (2.75%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Dominican Republic WERE (2021 - 2022):
Haiti-$207k (-100%)
Barbados-$185k (-90.9%)
Suriname-$127k (-39.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Soups and Broths were:
In 2022, Dominican Republic's main importing competitors in Soups and Broths were:

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $623k
TOP IMPORT POTENTIALUnited States+ $490k

Soups and Broths’s highest export potential is United States. With an export gap of $623k.   Soups and Broths’s highest import potential is United States with an import gap of $490k.

See methodology.

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