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2020
Flag → Flag
Exports $30.2kRnk 101 / 0
2020
Flag → Flag
Exports $10.5MRnk 35 / 122
2020
Flag → Flag
Top Product $10.4MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$654MCURRENT US$
Rnk 189 / 195
2013-2023
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 112 / 195
2023
Flag
GDP PC $9,833CURRENT US$
Rnk 90 / 195
2013-2023
Flag
GDP PC GROWTH37.6%CURRENT US$
Rnk 64 / 195

About

Dominica-Venezuela Trade: In 2020, Dominica exported $30.2k to Venezuela. The main products that Dominica exported to Venezuela were N/A. Over the past 9 years the exports of Dominica to Venezuela have decreased at an annualized rate of 5.96%, from $52.5k in 2011 to $30.2k in 2020.

In 2020, Dominica did not export any services to Venezuela.

Venezuela-Dominica Trade: In 2020, Venezuela exported $10.5M to Dominica. The main products that Venezuela exported to Dominica were Refined Petroleum ($10.4M), Seats ($1.87k), and Other Furniture ($963). Over the past 9 years the exports of Venezuela to Dominica have increased at an annualized rate of 43.4%,  from $1.73M in 2011 to $10.5M in 2020.

In 2020, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Dominica exported $30.2k to Venezuela. There were not main exports from Dominica to Venezuela in 2020. During the last 9 years the exports of Dominica to Venezuela have decreased at an annualized rate of 5.96%, from $52.5k in 2011 to $30.2k in 2020.

In 2018, Venezuela exported $10.5M to Dominica. The main products exported from Venezuela to Dominica were Refined Petroleum ($10.4M), Seats ($1.87k), and Other Furniture ($963). During the last 5 years the exports of Venezuela to Dominica have increased at an annualized rate of 43.4%, from $1.73M in 2023 to $10.5M in 2018.

Exports from Dominica (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Dominica (Flag) (2023)

Latest Data

Trade between Dominica (Flag) and Venezuela (Flag)

Dominica Exports

Date

Market Competitiveness

Color
Dominica
Top DestinationBahamas$6.11M
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Dominica than Venezuela included Bahamas ($6.11M), Iceland ($4.72M), and Antigua and Barbuda ($3.42M).

In 2023, countries that imported more from Venezuela than Dominica included United States ($3.81B), China ($739M), and Spain ($670M).

Difference in imports from Venezuela (Flag) and Dominica (Flag) (2023)

Comparative Advantage Dominica - Venezuela

Flow
Scale

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

During 2020, Dominica had a large net trade with Venezuela in the exports of .

During 2018, Venezuela had a large net trade with Dominica in the exports of Mineral Products ($10.4M), Miscellaneous ($3.16k), and Paper Goods ($1.32k).

Economic Complexity

Competitive Landscape

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

Product Space of Dominica (Flag) and Venezuela (Flag) (2023)

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