In 2019, Dominica exported a total of $46.7M, making it the number 200 exporter in the world. During the last five reported years the exports of Dominica have changed by -$45.3M from $92M in 2014 to $46.7M in 2019.
In 2019 Dominica imported $561M, making it the number 187 trade destination in the world. During the last five reported years the imports of Dominica changed by $323M from $239M in 2014 to $561M in 2019.
In 2016, Dominica exported $242M worth of services. The top services exported by Dominica in 2016 were Travel ($235M), Insurance services ($2.66M), Other business services ($2.47M), Government services, n.i.e. ($952k), and Transportation ($689k).
The top services imported by Dominica in 2016 were Other business services ($50.1M), Transportation ($27.3M), Travel ($22.5M), Insurance services ($11.4M), and Construction services ($2.8M).
Dominica has a high level of specialization in Other Paints (198), Live Fish (170), Cassava (165), Special Pharmaceuticals (150), and Sand (92.1). Specialization is measured using RCA, an index that takes the ratio between Dominica observed and expected exports in each product.
The top export opportunities for Dominica according to the relatedness index, are Gold (0.13), Crustaceans (0.12), Raw Sugar (0.12), Legumes (0.12), and Perfume Plants (0.12). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Dominica is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Dominica. These are products that tend to be co-exported with the products that Dominica exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.