Dominica Textile Exports To The US Show A Marked Decline

Here world Clothing and shoes The small weave of the net introduces the obvious decline of Dominica textile exports to the US.

Asian Textile Alliance Network: Dominica INTEC University, export enterprises, processing export areas, industrial and business associations, such as the Conep and the American Chamber of Commerce, "multinational trade observation station (ODCI)", published second reports on the trade performance of many countries and other countries in the world.

It is not the development strategy or policy that results in the restructuring of foreign trade partly because of the loss of competitiveness in Dominica, but the result of natural development. The most obvious example is the export recession such as Dominica's sales of textiles such as the United States. However, Dominica's export trade with Haiti has grown considerably, which has balanced the impact on US export decline.

According to multinational export promotion Investment Dominica's exports to Haiti amounted to US $1 billion 47 million 700 thousand in 2013, but the balance of trade between Dominica and the United States changed significantly since 2004. The trade surplus with the United States was US $168 million 800 thousand. However, in 2013, it changed to a deficit of 2 billion 899 million 200 thousand US $2 billion 899 million 200 thousand, while the trade deficit led to an increase in foreign debt.

Dominica textile exports declined, making medical equipment supplies the most important export item of Dominican non mineral commodities. In 2013, the amount of medical equipment sold in Dominica amounted to more than 800 million dollars.

The product is the same as textiles, which is invested by multinational companies in Dominica. The products include disposable gloves and bags, drip lines, injection syringes, bushing and injection needles. Dominica medical products compete with the products in Mexico, Germany, Costa Rica, Ireland and Mainland China in the US market.

Cigars and cigarettes Exit Dominica has become a leader in the world, with exports amounting to US $600 million in 2013. The aforementioned commodities are the third largest export commodities in Dominica, accounting for 70% of the US import market and 1/3 of the global market.