Flag Finland / Turks and Caicos Islands Flag

Exports Flag β†’ Flag  (2018): $5M, Rnk 123 / 197

Top Product Flag β†’ Flag (2018): $3.32M, Electric Generating Sets

Exports Flag β†’ Flag (2018): $3.15k, Rnk 41 / 53

Top Product Flag β†’ Flag (2018): $3.15k, Oscilloscopes

Economic Complexity of Flag (2018): ECI 1.56, Rnk 10 / 137

GDP Flag (2018): $277B, CURRENT US$
Rnk 41 / 196

GDP GROWTH Flag (2008-2018): -2.74%, CURRENT US$
Rnk 172 / 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): $50,152, CURRENT US$
Rnk 16 / 196

GDP PC GROWTH Flag (2008-2018): -6.35%, CURRENT US$
Rnk 163 / 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

Finland-Turks and Caicos Islands: In 2018, Finland exported $5M to Turks and Caicos Islands. The main products that Finland exported to Turks and Caicos Islands are Electric Generating Sets ($3.32M), Electric Motor Parts ($858k), and Refrigerators ($804k). During the last 23 years the exports of Finland to Turks and Caicos Islands have increased at an annualized rate of 38.1%, from $3k in 1995 to $5M in 2018.

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

Turks and Caicos Islands-Finland: In 2018, Turks and Caicos Islands exported $3.15k to Finland . The main products that Turks and Caicos Islands exported to Finland were Oscilloscopes ($3.15k). During the last 23 years the exports of Finland to Turks and Caicos Islands have increased at an annualized rate of 38.1%, from $3k in 1995 to $5M in 2018.

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

Comparison: In 2018,  Finland ranked 10 in the Economic Complexity Index (ECI 1.56),  and 42 in total exports ($76.8B). 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

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Depth
Value

In 2018, Finland exported $5M to Turks and Caicos Islands. The main products exported from Finland to Turks and Caicos Islands were Electric Generating Sets ($3.32M), Electric Motor Parts ($858k), and Refrigerators ($804k). During the last 23 years the exports of Finland to Turks and Caicos Islands have increased at an annualized rate of 38.1%, from $3k in 1995 to $5M in 2018.

In 2018, Turks and Caicos Islands exported $3.15k to Finland. The main products exported from Turks and Caicos Islands to Finland were Oscilloscopes ($3.15k). During the last 23 years the exports of Turks and Caicos Islands to Finland have decreased at an annualized rate of 1.66%, from $4.63k in 1995 to $3.15k in 2018.

Market Competitiveness

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Measure

Finland
Top Destination
: Germany, $11.1B

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

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

In 2018, countries that imported more from Finland than Turks and Caicos Islands were Germany ($11.1B), Sweden ($7.46B), and United States ($5.93B).

In 2018, no countries were registered that imported more from Turks and Caicos Islands than from Finland.

Comparative Advantage Finland - Turks and Caicos Islands

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Depth

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

During 2018, Finland had a large net trade with Turks and Caicos Islands in the exports of Machines ($5M).

During 2018, Turks and Caicos Islands had a large net trade with Finland in the exports of Instruments ($3.15k).

Trade Forecasts

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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

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Competitive Landscape

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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 Finland 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 Finland.