According to Countryaah, Dominica’s business is dominated by agriculture and bananas are the most important export commodity. For a long time, the economy has been very dependent on banana production. Although banana exports suffered a sharp decline when the trade agreement with the EU was wound up in 2006, production is still important for the country. On several occasions, natural disasters have seriously damaged banana production, primarily in 1979, 1989, 1994, 1995 and 2007, when hurricanes devastated large parts of plantation crops.
- According to abbreviationfinder, DM is the 2 letter abbreviation for the country of Dominica.
Otherwise, mainly coconuts, citrus fruits and avocados are grown. Livestock breeding and fishing are mainly conducted at the local level.
Most of the country’s energy supply is met by water energy, and only 7 percent of imports are fossil fuels. The industry is mainly small-scale and agricultural connected. In order to make business more diverse, the government has tried to stimulate the manufacturing industry.
The main trading partners are the United States and Trinidad and Tobago. The most important export goods are bananas and soap, while food, machinery and industrial goods dominate imports.