2022
Exports
$204MWorld Rnk 37 / 199
Flag Rnk 14 / 96
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations
0.14Rnk 508 / 1025
2022
Imports
$41.8MWorld Rnk 91 / 225
Flag Rnk 65 / 96
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $204M in Cocoa & cocoa preparations, making it the 37th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 14th most exported product in Dominican Republic. The main destination of Cocoa & cocoa preparations exports from Dominican Republic are: United States ($64.4M), Netherlands ($31.7M), Switzerland ($21.4M), Belgium ($18M), and India ($15.5M).

The fastest growing export markets for Cocoa & cocoa preparations of Dominican Republic between 2021 and 2022 were India ($11.4M), United States ($10.8M), and Switzerland ($8.32M).

Imports In 2022, Dominican Republic imported $41.8M in Cocoa & cocoa preparations, becoming the 91st largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 65th most imported product in Dominican Republic. Dominican Republic imports Cocoa & cocoa preparations primarily from: United States ($17.4M), Spain ($3.58M), Guatemala ($2.98M), Turkey ($2.79M), and Italy ($2.05M).

The fastest growing import markets in Cocoa & cocoa preparations for Dominican Republic between 2021 and 2022 were United States ($2.86M), Guatemala ($1.25M), and United Kingdom ($1.19M).

COMPANIES In 2023, leading companies such as Goya Foods (9) were at the forefront of shipping Cocoa & cocoa preparations 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 Cocoa & cocoa preparations. 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)$204M
IMPORTS (2022)$41.8M
NET TRADE (2022)$162M

In 2022, Dominican Republic exported $204M in Cocoa & cocoa preparations. The main destinations of Dominican Republic exports on Cocoa & cocoa preparations were United States ($64.4M), Netherlands ($31.7M), Switzerland ($21.4M), Belgium ($18M), and India ($15.5M).

In 2022, Dominican Republic imported $41.8M in Cocoa & cocoa preparations, mainly from United States ($17.4M), Spain ($3.58M), Guatemala ($2.98M), Turkey ($2.79M), and Italy ($2.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
India$11.4M (275%)
United States$10.8M (20.1%)
Switzerland$8.32M (63.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Dominican Republic WERE (2021 - 2022):
Belgium-$27.7M (-60.6%)
Netherlands-$13.2M (-29.3%)
Indonesia-$10.5M (-56.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Cocoa & cocoa preparations were:
In 2022, Dominican Republic's main importing competitors in Cocoa & cocoa preparations were:

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $4.36M
TOP IMPORT POTENTIALGermany+ $1.5M

Cocoa & cocoa preparations’s highest export potential is Germany. With an export gap of $4.36M.   Cocoa & cocoa preparations’s highest import potential is Germany with an import gap of $1.5M.

See methodology.

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