Dominica-Colombia Bilateral Trade Analysis 2023
Complete trade statistics: $7.01M total volume •Dominica deficit: $7.01M
Dominica → Colombia
$0
Exports (2023)
Colombia → Dominica
$7.01M
Imports (2023)
Trade Balance
$7.01M
Deficit for Dominica
Total Trade
$7.01M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominica and Colombia. 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-Colombia commercial relationship and competitive positioning in global markets.
Dominica → Colombia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominica's export portfolio to Colombia demonstrates strategic specialization, with cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof representing a key competitive advantage in this bilateral market.
Colombia → Dominica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominica's import pattern from Colombia reveals significant dependencyin cement: hydraulic kinds n.e.c. in heading no. 2523, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominica demonstrates competitive strength in exportingcycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof to Colombia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $7.01M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominica-Colombia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $7.01 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominica maintains a deficit of $7.01 million
- Export Focus: Dominica's primary exports include cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof, navigational instruments and appliances: for navigation other than aeronautical or space navigation (excluding direction finding compasses), electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from Colombia include cement: hydraulic kinds n.e.c. in heading no. 2523, vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
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 $7.01M 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 cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof.
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 cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereofcomplements Colombia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cement: hydraulic kinds n.e.c. in heading no. 2523.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $7.01M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $7.01M 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 $7.01 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof and cement: hydraulic kinds n.e.c. in heading no. 2523 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominica's trade deficit of $7.01 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 Colombia represents a total trade volume of $7.01 million in 2023. This partnership demonstrates an unfavorable trade balance for Dominica, with imports exceeding exportsby $7.01 million.
Export Strengths
Dominica's exports to Colombia total $0.00, with competitive advantages in cycles: parts thereof, brakes, including coaster braking hubs and hub-brakes, and parts thereof, representing $12,007 orInfinity% of bilateral exports.
Import Dependencies
Imports from Colombia amount to $7.01 million, highlighting economic interdependence in cement: hydraulic kinds n.e.c. in heading no. 2523, with Cement: hydraulic kinds n.e.c. in heading no. 2523 comprising54.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dominica's strategic sourcing from Colombia. 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 Colombia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023