Flag Brazil / Turks and Caicos Islands Flag

Exports Flag β†’ Flag  (2018): $52.3M, Rnk 112 / 216

Top Product Flag β†’ Flag (2018): $51.6M, Soybeans

Exports Flag β†’ Flag (2017): $1.11k, Rnk 55 / 56

Top Product Flag β†’ Flag (2017): $1.11k, Transmissions

Economic Complexity of Flag (2018): ECI 0.62, Rnk 39 / 137

GDP Flag (2018): $1.87T, CURRENT US$
Rnk 9 / 196

GDP GROWTH Flag (2008-2018): 10.2%, CURRENT US$
Rnk 143 / 196

GDP Flag (2018): $1.02B, CURRENT US$
Rnk 182 / 196

GDP GROWTH Flag (2008-2018): 18.5%, CURRENT US$
Rnk 128 / 196

GDP PC Flag (2018): $8,921, CURRENT US$
Rnk 82 / 196

GDP PC GROWTH Flag (2008-2018): 1.02%, CURRENT US$
Rnk 141 / 196

GDP PC Flag (2018): $27,142, CURRENT US$
Rnk 38 / 196

GDP PC GROWTH Flag (2008-2018): -1.83%, CURRENT US$
Rnk 153 / 196

Brazil-Turks and Caicos Islands: In 2018, Brazil exported $52.3M to Turks and Caicos Islands. The main products that Brazil exported to Turks and Caicos Islands are Soybeans ($51.6M), Plywood ($383k), and Unglazed Ceramics ($216k). During the last 22 years the exports of Brazil to Turks and Caicos Islands have increased at an annualized rate of 32.3%, from $110k in 1996 to $52.3M in 2018.

In 2018, Brazil did not exported services to Turks and Caicos Islands.

Turks and Caicos Islands-Brazil: In 2018, Turks and Caicos Islands exported $1.11k to Brazil . The main products that Turks and Caicos Islands exported to Brazil were Transmissions ($1.11k). During the last 22 years the exports of Brazil to Turks and Caicos Islands have increased at an annualized rate of 32.3%, from $110k in 1996 to $52.3M in 2018.

In 2018, Turks and Caicos Islands did not exported services to Brazil.

Comparison: In 2018,  Brazil ranked 39 in the Economic Complexity Index (ECI 0.62),  and 25 in total exports ($242B). That same year, Turks and Caicos Islands ranked 208 in total exports ($17.7M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Brazil exported $52.3M to Turks and Caicos Islands. The main products exported from Brazil to Turks and Caicos Islands were Soybeans ($51.6M), Plywood ($383k), and Unglazed Ceramics ($216k). During the last 22 years the exports of Brazil to Turks and Caicos Islands have increased at an annualized rate of 32.3%, from $110k in 1996 to $52.3M in 2018.

In 2017, Turks and Caicos Islands exported $1.11k to Brazil. The main products exported from Turks and Caicos Islands to Brazil were Transmissions ($1.11k). During the last 22 years the exports of Turks and Caicos Islands to Brazil have decreased at an annualized rate of 9.24%, from $9.38k in 1995 to $1.11k in 2017.

Market Competitiveness

#permalink to section
Measure

Brazil
Top Destination
: China, $64.3B

Turks and Caicos Islands
Top Destination
: France, $4.09M

This map shows whether countries import more from Brazil or Turks and Caicos Islands. Each country is colored based on the difference in imports they receive from Brazil and Turks and Caicos Islands or the difference in the growth in imports.

In 2018, countries that imported more from Brazil than Turks and Caicos Islands were China ($64.3B), United States ($29.3B), and Argentina ($15B).

In 2018, countries that imported more from Turks and Caicos Islands than Brazil were Burundi ($333k).

Comparative Advantage Brazil - Turks and Caicos Islands

#permalink to section
Depth

This chart compares trade between Brazil and Turks and Caicos Islands by product, considering products traded by both, Brazil and Turks and Caicos Islands.

During 2018, Brazil had a large net trade with Turks and Caicos Islands in the exports of Vegetable Products ($51.6M), Wood Products ($383k), and Stone And Glass ($256k).

During 2017, Turks and Caicos Islands had a large net trade with Brazil in the exports of Machines ($1.11k).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over Turks and Caicos Islands. Similarly, the more red a dot/product is, the more Turks and Caicos Islands has comparative advantage over Brazil.