2023
Flag  
GDP
$654MCURRENT US$
Rnk 189 / 195
2013-2023
Flag
GDP GROWTH
31.2%CURRENT US$
Rnk 112 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$9,833CURRENT US$
Rnk 90 / 195
2013-2023
Flag
GDP PC GROWTH
37.6%CURRENT US$
Rnk 64 / 195
2023
Flag
GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Dominica-South Korea Trade: In 2022, Dominica exported $276k to South Korea. The main products that Dominica exported to South Korea were N/A. Over the past 5 years the exports of Dominica to South Korea have increased at an annualized rate of 24.5%, from $92.1k in 2017 to $276k in 2022.

In 2022, Dominica did not export any services to South Korea.

South Korea-Dominica Trade: In 2022, South Korea exported $690k to Dominica. The main products that South Korea exported to Dominica were Delivery Trucks ($247k), Stone Processing Machines ($219k), and Large Construction Vehicles ($188k). Over the past 5 years the exports of South Korea to Dominica have decreased at an annualized rate of 29.9%,  from $4.08M in 2017 to $690k in 2022.

In 2022, South Korea did not export any services to Dominica.

Comparison In 2023,  Dominica ranked 205 in total exports ($47.6M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Dominica exported $276k to South Korea. There were not main exports from Dominica to South Korea in 2022. During the last 5 years the exports of Dominica to South Korea have increased at an annualized rate of 24.5%, from $92.1k in 2017 to $276k in 2022.

In 2018, South Korea exported $690k to Dominica. The main products exported from South Korea to Dominica were Delivery Trucks ($247k), Stone Processing Machines ($219k), and Large Construction Vehicles ($188k). During the last 5 years the exports of South Korea to Dominica have decreased at an annualized rate of 29.9%, from $4.08M in 2023 to $690k in 2018.

Exports from Dominica (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Dominica (Flag) (2023)

Latest Data

Trade between Dominica (Flag) and South Korea (Flag)

Dominica Exports

South Korea Exports

Market Competitiveness

Color
Dominica
Top Destination
Bahamas$6.11M
South Korea
Top Destination
China$162B

This map shows whether countries import more from Dominica or South Korea. Each country is colored based on the difference in imports they receive from Dominica and South Korea or the difference in the growth in imports.

In 2023, countries that imported more from Dominica than South Korea included Saint Lucia ($1.57M), Saint Kitts and Nevis ($955k), and British Virgin Islands ($537k).

In 2023, countries that imported more from South Korea than Dominica included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Dominica (Flag) (2023)

Comparative Advantage Dominica - South Korea

Flow
Scale

This chart compares trade between Dominica and South Korea by product, considering products traded by both, Dominica and South Korea.

During 2022, Dominica had a large net trade with South Korea in the exports of .

During 2018, South Korea had a large net trade with Dominica in the exports of Machines ($418k), Transportation ($250k), and Chemical Products ($13.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Dominica and South Korea. This means that a dot/product with the flag of Dominica indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Dominica.

Product Space of Dominica (Flag) and South Korea (Flag) (2023)

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