2022
Exports
$13.4MWorld Rnk 51 / 188
Flag Rnk 52 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$11.5MWorld Rnk 67 / 212
Flag Rnk 76 / 96
2022
ECONOMIC COMPLEXITY of Dominican Republic
0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $13.4M in Natural gums, resins & other vegetable extracts, making it the 51st largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 52nd most exported product in Dominican Republic. The main destination of Natural gums, resins & other vegetable extracts exports from Dominican Republic are: Netherlands ($11.8M), United States ($1.44M), Haiti ($85.5k), Guatemala ($33.9k), and Spain ($20.1k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Dominican Republic between 2021 and 2022 were United States ($1.06M), Guatemala ($33.9k), and Haiti ($24k).

Imports In 2022, Dominican Republic imported $11.5M in Natural gums, resins & other vegetable extracts, becoming the 67th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 76th most imported product in Dominican Republic. Dominican Republic imports Natural gums, resins & other vegetable extracts primarily from: United States ($3.95M), India ($1.56M), China ($1.1M), Spain ($1M), and Denmark ($879k).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Dominican Republic between 2021 and 2022 were India ($1.48M), Denmark ($823k), and China ($453k).

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 Natural gums, resins & other vegetable extracts. 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)$13.4M
IMPORTS (2022)$11.5M
NET TRADE (2022)$1.86M

In 2022, Dominican Republic exported $13.4M in Natural gums, resins & other vegetable extracts. The main destinations of Dominican Republic exports on Natural gums, resins & other vegetable extracts were Netherlands ($11.8M), United States ($1.44M), Haiti ($85.5k), Guatemala ($33.9k), and Spain ($20.1k).

In 2022, Dominican Republic imported $11.5M in Natural gums, resins & other vegetable extracts, mainly from United States ($3.95M), India ($1.56M), China ($1.1M), Spain ($1M), and Denmark ($879k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
United States$1.06M (277%)
Guatemala$33.9k (1%)
Haiti$24k (39.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Dominican Republic WERE (2021 - 2022):
Netherlands-$8.84M (-42.8%)
Spain-$66.3k (-76.8%)
Chile-$18.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Dominican Republic's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Dominican Republic's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2M
TOP IMPORT POTENTIALChina+ $721k

Natural gums, resins & other vegetable extracts’s highest export potential is United States. With an export gap of $2M.   Natural gums, resins & other vegetable extracts’s highest import potential is China with an import gap of $721k.

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