Haiti Export Data

Haiti's Import/Export Overview and Domestic Market Analysis

Imports & Exports

• Top Trade Partners: Haiti conducts significant trade with the United States, the Dominican Republic, and China, among others.

• Imports: Haiti imports a variety of goods, with the top 5 being rice, clothing, machinery, vehicles, and medical products. These account for around 35% of total imports.

• Exports: The leading exports include apparel, cocoa, coffee, and mangoes, which together represent about 45% of total exports.

• Trade Deficit: Haiti typically has a trade deficit, importing more than it exports. Efforts are being made to boost local production to balance this.

• Policy Impact: Haiti's trade policies focus on attracting foreign investment, improving infrastructure, and strengthening ties with regional trade partners.

Domestic Market

• Consumer Spending: Consumer spending in Haiti is modest, with a large portion of the economy being in the informal sector. Basic necessities and services receive the primary share of expenditures.

• Inflation & Interest Rates: Haiti faces significant inflation challenges, which are exacerbated by economic instability. Central bank policies aim to stabilize the currency and control price increases.

• Supply Chain Problems: Supply chain issues are common, affecting both the import and export sectors. Infrastructure limitations and political unrest can disrupt logistics.

• Industry Performance: The apparel industry is a significant contributor to the economy, alongside agriculture, which includes coffee and mango production. There is a push to diversify the industrial base and enhance value-added activities.

Overall Outlook

Haiti's economy faces significant challenges, including trade imbalances and market volatility. Strategies to improve infrastructure, attract investment, and promote local industries are crucial for sustainable growth. Despite these hurdles, there is potential for development in sectors like agriculture and light manufacturing.