2023
Exports
$30.2MWorld Rnk 17 / 139
Flag Rnk 61 / 1008
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$101kWorld Rnk 102 / 187
Flag Rnk 1006 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $30.2M in Molasses, making it the 17th largest exporter of Molasses in the world. At the same year, Molasses was the 61st most exported product in Dominican Republic. The main destination of Molasses exports from Dominican Republic are: Guyana ($13.1M), United States ($9.92M), Jamaica ($4.41M), Spain ($2.42M), and Saint Vincent and the Grenadines ($404k).

The fastest growing export markets for Molasses of Dominican Republic between 2022 and 2023 were Guyana ($13.1M), Jamaica ($4.41M), and Spain ($2.42M).

Imports In 2023, Dominican Republic imported $101k in Molasses, becoming the 102nd largest importer of Molasses in the world. At the same year, Molasses was the 1006th most imported product in Dominican Republic. Dominican Republic imports Molasses primarily from: United States ($100k) and Chinese Taipei ($737).

The fastest growing import markets in Molasses for Dominican Republic between 2022 and 2023 were United States ($74.2k) and Chinese Taipei ($737).

Latest Trends

Dec 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 Molasses. 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)$30.2M
IMPORTS (2023)$101k
NET TRADE (2023)$30.1M

In 2023, Dominican Republic exported $30.2M in Molasses. The main destinations of Dominican Republic exports on Molasses were Guyana ($13.1M), United States ($9.92M), Jamaica ($4.41M), Spain ($2.42M), and Saint Vincent and the Grenadines ($404k).

In 2023, Dominican Republic imported $101k in Molasses, mainly from United States ($100k) and Chinese Taipei ($737).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Guyana$13.1M (1%)
Jamaica$4.41M (1%)
Spain$2.42M (212k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Dominican Republic WERE (2022 - 2023):
United States-$8.89M (-47.3%)
Barbados-$3.82M (-100%)
Trinidad and Tobago-$2.52M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Dominican Republic's main exporting competitors in Molasses were:
In 2023, Dominican Republic's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $8.66k
TOP IMPORT POTENTIALUnited States+ $5.4k

Molasses’s highest export potential is Netherlands. With an export gap of $8.66k.   Molasses’s highest import potential is United States with an import gap of $5.4k.

See methodology.

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