Dominica-Barbados Bilateral Trade Analysis 2023
Complete trade statistics: $9.58M total volume •Dominica deficit: $6.00M
Dominica → Barbados
$1.79M
Exports (2023)
Barbados → Dominica
$7.79M
Imports (2023)
Trade Balance
$6.00M
Deficit for Dominica
Total Trade
$9.58M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominica and Barbados. Green line shows exports from Dominica, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dominica-Barbados commercial relationship and competitive positioning in global markets.
Dominica → Barbados Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominica's export portfolio to Barbados demonstrates strategic specialization, with projectors: n.e.c. in subheading 8528.62, whether or not colour representing a key competitive advantage in this bilateral market.
Barbados → Dominica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominica's import pattern from Barbados reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominica demonstrates competitive strength in exportingprojectors: n.e.c. in subheading 8528.62, whether or not colour to Barbados, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $9.58M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominica-Barbados Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $9.58 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominica maintains a deficit of $6.00 million
- Export Focus: Dominica's primary exports include projectors: n.e.c. in subheading 8528.62, whether or not colour, petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather
- Import Dependencies: Key imports from Barbados include 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, plastics: carboys, bottles, flasks and similar articles, for the conveyance or packing of goods, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $9.58M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Dominica leveraging its comparative advantages in projectors: n.e.c. in subheading 8528.62, whether or not colour.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Dominica's specialization in projectors: n.e.c. in subheading 8528.62, whether or not colourcomplements Barbados's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $9.58M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $9.58M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $9.58 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in projectors: n.e.c. in subheading 8528.62, whether or not colour and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominica's trade deficit of $6.00 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Dominica and Barbados represents a total trade volume of $9.58 million in 2023. This partnership demonstrates an unfavorable trade balance for Dominica, with imports exceeding exportsby $6.00 million.
Export Strengths
Dominica's exports to Barbados total $1.79 million, with competitive advantages in projectors: n.e.c. in subheading 8528.62, whether or not colour, representing $630,974 or35.2% of bilateral exports.
Import Dependencies
Imports from Barbados amount to $7.79 million, highlighting economic interdependence in 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, with 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 comprising18.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dominica's strategic sourcing from Barbados. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Dominica and Barbados in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023