Dominica
2021 Product Exports | Imports: $30.9M | $646M, 206 of 226 | 186 of 226
2021 Per Capita Product Exports | Imports: $428 | $8.96k, 144 of 219 | 65 of 219
Overview In 2021 Dominica was the number 206 economy in the world in terms of total exports and the number 186 in total imports.
Exports The top exports of Dominica are Medical Instruments ($5.38M), Low-voltage Protection Equipment ($2.5M), Other Plastic Products ($1.81M), Special Pharmaceuticals ($1.49M), and Soap ($1.19M), exporting mostly to Saudi Arabia ($8.63M), France ($1.74M), United States ($1.53M), Grenada ($1.51M), and China ($1.29M).
Imports The top imports of Dominica are Refined Petroleum ($224M), Petroleum Gas ($163M), Crude Petroleum ($55.7M), Recreational Boats ($11.1M), and Cars ($7.56M), importing mostly from United States ($485M), China ($32.9M), Trinidad and Tobago ($28.2M), United Kingdom ($12.7M), and Italy ($12M).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Dominica.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2021): Medical Instruments, $5.38M
Top Destination (2021): Saudi Arabia, $8.63M
In 2021, Dominica exported a total of $30.9M, making it the number 206 exporter in the world. During the last five reported years the exports of Dominica have changed by -$29.8M from $60.7M in 2016 to $30.9M in 2021.
The most recent exports are led by Medical Instruments ($5.38M), Low-voltage Protection Equipment ($2.5M), Other Plastic Products ($1.81M), Special Pharmaceuticals ($1.49M), and Soap ($1.19M). The most common destination for the exports of Dominica are Saudi Arabia ($8.63M), France ($1.74M), United States ($1.53M), Grenada ($1.51M), and China ($1.29M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2020 - 2021)
- Grenada, $1.35M (+ 885%)
- Saudi Arabia, $972k (+ 12.7%)
- China, $704k (+ 119%)
Fastest Growing Import Markets (2020 - 2021)
- United States, $379M (+ 357%)
- China, $12.5M (+ 61.1%)
- Guyana, $5.74M (+ 296%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionDominica Exports Services (2016): $242M
Dominica Imports Services (2016): $115M
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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionDominica has a high level of specialization in Other Paints (228), Sand (227), Gravel and Crushed Stone (138), Soap (99.4), and Essential Oils (86). Specialization is measured using RCA, an index that takes the ratio between Dominica observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Dominica according to the product complexity index (PCI) are Machine-tools; for working any material by removal of material, by laser or... (1.71), X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension... (1.68), Fork-lift and other works trucks; fitted with lifting or handling equipment (1.51), Machinery and apparatus for soldering, brazing, welding, whether or not capable of... (1.31), and Microscopes, compound optical; including those for photomicrography, cinephotomicrography or microprojection (1.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Dominica according to the relatedness index, were Beer (0.13), Scrap Plastic (0.13), Collector's Items (0.13), Fruit Juice (0.13), and Scrap Lead (0.13). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Dominica is not specialized in.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
