2023
Exports
$26.9MWorld Rnk 134 / 214
Flag Rnk 71 / 1008
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$3.01BWorld Rnk 70 / 226
Flag Rnk 1 / 1159
2023
ECONOMIC COMPLEXITY of Dominican Republic
0.04Rnk 62 / 132

About

Exports In 2023, Dominican Republic exported $26.9M in Refined Petroleum, making it the 134th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 71st most exported product in Dominican Republic. The main destination of Refined Petroleum exports from Dominican Republic are: France ($14.6M), Haiti ($8.07M), United States ($1.34M), Jamaica ($676k), and Netherlands ($446k).

The fastest growing export markets for Refined Petroleum of Dominican Republic between 2022 and 2023 were Haiti ($6.41M), France ($6.22M), and Bahamas ($341k).

Imports In 2023, Dominican Republic imported $3.01B in Refined Petroleum, becoming the 70th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Dominican Republic. Dominican Republic imports Refined Petroleum primarily from: United States ($2.34B), Netherlands ($171M), Bahamas ($119M), Italy ($65.7M), and Panama ($53M).

The fastest growing import markets in Refined Petroleum for Dominican Republic between 2022 and 2023 were Bahamas ($95.8M), Italy ($65.3M), and Panama ($53M).

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 Refined 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 (2023)$26.9M
IMPORTS (2023)$3.01B
NET TRADE (2023)-$2.98B

In 2023, Dominican Republic exported $26.9M in Refined Petroleum. The main destinations of Dominican Republic exports on Refined Petroleum were France ($14.6M), Haiti ($8.07M), United States ($1.34M), Jamaica ($676k), and Netherlands ($446k).

In 2023, Dominican Republic imported $3.01B in Refined Petroleum, mainly from United States ($2.34B), Netherlands ($171M), Bahamas ($119M), Italy ($65.7M), and Panama ($53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Dominican Republic WERE (2022 - 2023):
Haiti$6.41M (386%)
France$6.22M (74.3%)
Bahamas$341k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Dominican Republic WERE (2022 - 2023):
Colombia-$11.4M (-100%)
Nicaragua-$457k (-81.4%)
Guyana-$292k (-62.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $5.27M
TOP IMPORT POTENTIALUnited Kingdom+ $25.1M

Refined Petroleum’s highest export potential is France. With an export gap of $5.27M.   Refined Petroleum’s highest import potential is United Kingdom with an import gap of $25.1M.

See methodology.

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