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2023
Flag → Flag
Exports $7.81MRnk 119 / 206
2023
Flag → Flag
Top Product $3.84MElectric Motor Parts
2023
Flag → Flag
Exports $254Rnk 83 / 92
2023
Flag → Flag
Top Product $228Harvesting Machinery
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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 GDP$1.4BCURRENT US$
Rnk 181 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 23 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC$30,349CURRENT US$
Rnk 46 / 196
2013-2023
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GDP PC GROWTH35.4%CURRENT US$
Rnk 69 / 195

About

Finland-Turks and Caicos Islands Trade: In 2023, Finland exported $7.81M to Turks and Caicos Islands. The main products that Finland exported to Turks and Caicos Islands were Electric Motor Parts ($3.84M), Electric Generating Sets ($3.48M), and Electrical Control Boards ($241k). Over the past 5 years the exports of Finland to Turks and Caicos Islands have increased at an annualized rate of 9.33%, from $5M in 2018 to $7.81M in 2023.

In 2023, Finland did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Finland Trade: In 2023, Turks and Caicos Islands exported $254 to Finland. The main products that Turks and Caicos Islands exported to Finland were Harvesting Machinery ($228) and Other Pure Vegetable Oils ($26). Over the past 5 years the exports of Turks and Caicos Islands to Finland have decreased at an annualized rate of 42.5%,  from $4.05k in 2018 to $254 in 2023.

In 2023, Turks and Caicos Islands did not export any services to Finland.

Comparison In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46),  and 45 in total exports ($84.3B). That same year, Turks and Caicos Islands ranked 210 in total exports ($21.9M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $7.81M to Turks and Caicos Islands. The main products exported from Finland to Turks and Caicos Islands were Electric Motor Parts ($3.84M), Electric Generating Sets ($3.48M), and Electrical Control Boards ($241k). During the last 5 years the exports of Finland to Turks and Caicos Islands have increased at an annualized rate of 9.33%, from $5M in 2018 to $7.81M in 2023.

In 2018, Turks and Caicos Islands exported $254 to Finland. The main products exported from Turks and Caicos Islands to Finland were Harvesting Machinery ($228) and Other Pure Vegetable Oils ($26). During the last 5 years the exports of Turks and Caicos Islands to Finland have decreased at an annualized rate of 42.5%, from $4.05k in 2023 to $254 in 2018.

Exports from Finland (Flag) to Turks and Caicos Islands (Flag) (2023)

Exports from Turks and Caicos Islands (Flag) to Finland (Flag) (2023)

Latest Data

Trade between Finland (Flag) and Turks and Caicos Islands (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Turks and Caicos Islands
Top DestinationGabon$5.91M

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 2023, countries that imported more from Finland than Turks and Caicos Islands included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Turks and Caicos Islands than Finland included Gabon ($5.91M), Dominica ($25.3k), and Sao Tome and Principe ($32.7k).

Difference in imports from Turks and Caicos Islands (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Turks and Caicos Islands

Flow
Scale

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 2023, Finland had a large net trade with Turks and Caicos Islands in the exports of Machines ($7.81M) and Instruments ($597).

During 2018, Turks and Caicos Islands had a large net trade with Finland in the exports of Machines ($228) and Animal and Vegetable Bi-Products ($26).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Finland and Turks and Caicos Islands. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Turks and Caicos Islands. Similarly, a dot/product with the flag of Turks and Caicos Islands indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and Turks and Caicos Islands (Flag) (2023)

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