Trade Trend

In 2023, The Commonwealth of Dominica's total export value is 22.41Million USD, total import value is 334.71Million USD, Deficit is -312.30Million USD, and foreign trade dependency is 0.546. In 2023，The Commonwealth of Dominica's top export products are Electrical apparatus for switching, protecting electrical circuits, for making connections to or in electrical circuits, for a voltage not exceeding 1000 volts; connectors for optical fibres, optical fibre bundles or cables(1.71Million USD), Soap; organic surfaceactive preparations used as soap, skin washing, in bars, cakes, moulded pieces, shapes, liquid or cream, containing soap or not; for retail, paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent(1.32Million USD), Copper mattes; cement copper (precipitated copper)(1.20Million USD), top export destinations are Guyana(3.42Million USD), United States(2.27Million USD), Antigua and Barbuda(1.93Million USD). In 2023, The Commonwealth of Dominica's top import products are Yachts and other vessels; for pleasure or sports, rowing boats and canoes(27.57Million USD), Iron or nonalloy steel; semifinished products thereof(20.98Million USD), Plastic plates, sheets, film, foil and strip n.e.c. in chapter 39(18.52Million USD), top import origins are China(72.86Million USD), United States(72.11Million USD), Indonesia(34.79Million USD).

Comparing to 2022, The Commonwealth of Dominica's total export value decreased -2.30Million USD(-9.30%) in 2023, this could result from its export decreases of products such as Iron or nonalloy steel; bars and rods, not further worked than forged, hotrolled, hot drawn or hotextruded, but including those twisted after rolling(-1.25Million USD or -87.92%), Petroleum gases and other gaseous hydrocarbons(-733.72Thousands USD or -58.31%), Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens; fresh or dried(-647.77Thousands USD or -37.21%) and export decreases to countries/economics such as Dominican Republic(-649.90Thousands USD or -41.04%), France(-558.42Thousands USD or -27.25%), Israel(-532.00Thousands USD or -42.16%). Comparing to 2022, The Commonwealth of Dominica's total import value decreased -9.36Million USD(-2.72%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-57.77Million USD or -76.04%), Petroleum gases and other gaseous hydrocarbons(-15.86Million USD or -98.98%), None(-8.91Million USD or -68.71%), and its import decreases from countries/economies such as United States(-76.14Million USD or -51.36%), Trinidad and Tobago(-11.73Million USD or -38.66%), Morocco(-3.83Million USD or -96.47%).

Cumulated to first 6 months of 2024, The Commonwealth of Dominica's total export value is 7.08Million USD, total import value is 95.37Million USD, and tradedeficit is -88.29Million USD. Cumulated to first 6 months of 2024, The Commonwealth of Dominica's top export products are Copper mattes; cement copper (precipitated copper)(2.40Million USD), Electrical apparatus for switching, protecting electrical circuits, for making connections to or in electrical circuits, for a voltage not exceeding 1000 volts; connectors for optical fibres, optical fibre bundles or cables(457.94Thousands USD), Soap; organic surfaceactive preparations used as soap, skin washing, in bars, cakes, moulded pieces, shapes, liquid or cream, containing soap or not; for retail, paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent(376.81Thousands USD), and top export destinations are South Korea(2.52Million USD), United States(602.56Thousands USD), United Kingdom(550.87Thousands USD). Cumulated to first 6 months of 2024, The Commonwealth of Dominica's top import products are Copper mattes; cement copper (precipitated copper)(2.40Million USD), Electrical apparatus for switching, protecting electrical circuits, for making connections to or in electrical circuits, for a voltage not exceeding 1000 volts; connectors for optical fibres, optical fibre bundles or cables(457.94Thousands USD), Soap; organic surfaceactive preparations used as soap, skin washing, in bars, cakes, moulded pieces, shapes, liquid or cream, containing soap or not; for retail, paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent(376.81Thousands USD), and top import origins areUnited States(26.83Million USD), China(22.51Million USD), Trinidad and Tobago(10.90Million USD).