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2023
Product
Exports | Imports $47.6M | $458M205 of 226 |  197 of 226
2023
Per Capita Product
Exports | Imports $716 | $6.89k197 of 220 |  39 of 220

About

Overview In 2023 Dominica was the number 205 economy in the world in terms of total exports and the number 197 in total imports.

Exports The top exports of Dominica are Iron Blocks ($3.53M), Medical Instruments ($3.43M), Excavation Machinery ($3.1M), Low-voltage Protection Equipment ($2.88M), and Soap ($2.45M), exporting mostly to Bahamas ($6.11M), Saudi Arabia ($5.35M), Iceland ($4.72M), Guyana ($3.49M), and Antigua and Barbuda ($3.42M).

Imports The top imports of Dominica are Refined Petroleum ($52.5M), Recreational Boats ($28M), Semi-Finished Iron ($21M), Other Plastic Sheetings ($18.9M), and Cars ($17.2M), importing mostly from United States ($109M), China ($51.7M), Indonesia ($35.2M), Trinidad and Tobago ($32.4M), and Italy ($29.9M).

Location Dominica borders France and Venezuela by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The 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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The 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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Iron Blocks$3.53M
Top Destination (2023)Bahamas$6.11M

In 2023, Dominica exported a total of $47.6M, making it the number 205 exporter in the world. During the last five reported years the exports of Dominica have changed by -$70.8M from $118M in 2018 to $47.6M in 2023.

The most recent exports are led by Iron Blocks ($3.53M), Medical Instruments ($3.43M), Excavation Machinery ($3.1M), Low-voltage Protection Equipment ($2.88M), and Soap ($2.45M). The most common destination for the exports of Dominica are Bahamas ($6.11M), Saudi Arabia ($5.35M), Iceland ($4.72M), Guyana ($3.49M), and Antigua and Barbuda ($3.42M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Bahamas$3M (+ 96.3%)
Guyana$1.42M (+ 68.5%)
United Kingdom$405k (+ 28.3%)
Fastest Growing Import Markets (2022 - 2023)
China$33.4M (+ 182%)
Indonesia$32M (+ 972%)
Italy$17.3M (+ 138%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Dominica 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).

Service Exports (2016)

Service Imports (2016)

Economic Complexity

Most Specialized Products by RCA Index

Dominica has a high level of specialization in Other Paints (1.13k), Soap (137), Cassava (109), Iron Blocks (97.3), and Spices (82). 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

The highest complexity exports of Dominica according to the product complexity index (PCI) are Microscopes (excluding optical microscopes); diffraction apparatus (1.73), Silicones in primary forms (1.56), Fork-lift and other works trucks; fitted with lifting or handling equipment (1.52), Transmission shafts (including cam and crank) and cranks; bearing housings and plain... (1.41), and Instruments, apparatus for measuring or checking the flow, level, pressure of liquids,... (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Dominica according to the relatedness index, were Beer (0.2), Other Animals (0.19), Paper Containers (0.18), Fish Fillets (0.18), and Scrap Plastic (0.18). 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

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.

Relatedness Space

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.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

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