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2022
Exports $176World Rnk 133 / 149
Flag Rnk 1005 / 1030
2022
Destination $74 Canada
2021 - 2022
FASTEST GROWING MARKET $74Canada
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $783MWorld Rnk 55 / 158
Flag Rnk 4 / 1163
2022
Origin $298M United States
2021 - 2022
FASTEST GROWING ORIGIN $298MUnited States
2022
ECONOMIC COMPLEXITY of Dominican Republic0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $176 in Crude Petroleum, making it the 133rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1005th most exported product in Dominican Republic. The main destination of Crude Petroleum exports from Dominican Republic are: Canada ($74), Spain ($70), and United States ($32).

The fastest growing export markets for Crude Petroleum of Dominican Republic between 2021 and 2022 were Canada ($74) and Spain ($70).

Imports In 2022, Dominican Republic imported $783M in Crude Petroleum, becoming the 55th 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 ($740M), Nigeria ($43.6M), Spain ($6.33k), Brazil ($1.11k), and Canada ($11).

The fastest growing import markets in Crude Petroleum for Dominican Republic between 2021 and 2022 were United States ($298M), Nigeria ($43.6M), and Brazil ($1.11k).

Latest Trends

Aug 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 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 (2022)$176
IMPORTS (2022)$783M
NET TRADE (2022)-$783M

In 2022, Dominican Republic exported $176 in Crude Petroleum. The main destinations of Dominican Republic exports on Crude Petroleum were Canada ($74), Spain ($70), and United States ($32).

In 2022, Dominican Republic imported $783M in Crude Petroleum, mainly from United States ($740M), Nigeria ($43.6M), Spain ($6.33k), Brazil ($1.11k), and Canada ($11).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Canada$74 (1%)
Spain$70 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Dominican Republic WERE (2021 - 2022):United States-$8 (-20%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Dominican Republic's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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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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