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2022
Exports $16.4MWorld Rnk 52 / 149
Flag Rnk 100 / 1030
2022
Destination $6.95M Haiti
2021 - 2022
FASTEST GROWING MARKET $6.95MHaiti
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $81.2MWorld Rnk 73 / 208
Flag Rnk 78 / 1163
2022
Origin $21.8M Colombia
2021 - 2022
FASTEST GROWING ORIGIN $21.8MColombia
2022
ECONOMIC COMPLEXITY of Dominican Republic0.052Rnk 62 / 133

About

Exports In 2022, Dominican Republic exported $16.4M in Palm Oil, making it the 52nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 100th most exported product in Dominican Republic. The main destination of Palm Oil exports from Dominican Republic are: Haiti ($16M) and United States ($393k).

The fastest growing export markets for Palm Oil of Dominican Republic between 2021 and 2022 were Haiti ($6.95M) and United States ($122k).

Imports In 2022, Dominican Republic imported $81.2M in Palm Oil, becoming the 73rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 78th most imported product in Dominican Republic. Dominican Republic imports Palm Oil primarily from: Colombia ($52.9M), Guatemala ($12.9M), Honduras ($8.22M), Peru ($3.04M), and Costa Rica ($2.17M).

The fastest growing import markets in Palm Oil for Dominican Republic between 2021 and 2022 were Colombia ($21.8M), Guatemala ($8.19M), and Honduras ($4.1M).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Palm Oil. 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)$16.4M
IMPORTS (2022)$81.2M
NET TRADE (2022)-$64.9M

In 2022, Dominican Republic exported $16.4M in Palm Oil. The main destinations of Dominican Republic exports on Palm Oil were Haiti ($16M) and United States ($393k).

In 2022, Dominican Republic imported $81.2M in Palm Oil, mainly from Colombia ($52.9M), Guatemala ($12.9M), Honduras ($8.22M), Peru ($3.04M), and Costa Rica ($2.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Dominican Republic WERE (2021 - 2022):
Haiti$6.95M (76.8%)
United States$122k (44.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Dominican Republic WERE (2021 - 2022):
France-$72 (-100%)
Germany-$20 (-100%)
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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 Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Dominican Republic's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $412k
TOP IMPORT POTENTIALMalaysia+ $2.18M

Palm Oil’s highest export potential is United States. With an export gap of $412k.   Palm Oil’s highest import potential is Malaysia with an import gap of $2.18M.

See methodology.

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