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2023
Flag → Flag
Exports $7.08MRnk 179 / 223
2023
Flag → Flag
Top Product $2.27MPackaged Medicaments
2023
Flag → Flag
Exports $265kRnk 10 / 92
2023
Flag → Flag
Top Product $53kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$1.4BCURRENT US$
Rnk 181 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$30,349CURRENT US$
Rnk 46 / 196
2013-2023
Flag
GDP PC GROWTH35.4%CURRENT US$
Rnk 69 / 195

About

United Kingdom-Turks and Caicos Islands Trade: In 2023, United Kingdom exported $7.08M to Turks and Caicos Islands. The main products that United Kingdom exported to Turks and Caicos Islands were Packaged Medicaments ($2.27M), Cars ($546k), and Other Edible Preparations ($432k). Over the past 5 years the exports of United Kingdom to Turks and Caicos Islands have increased at an annualized rate of 1.76%, from $6.49M in 2018 to $7.08M in 2023.

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

Turks and Caicos Islands-United Kingdom Trade: In 2023, Turks and Caicos Islands exported $265k to United Kingdom. The main products that Turks and Caicos Islands exported to United Kingdom were Motor vehicles; parts and accessories (8701 to 8705) ($53k), Video Recording Equipment ($52k), and Non-fillet Frozen Fish ($38.8k). Over the past 5 years the exports of Turks and Caicos Islands to United Kingdom have increased at an annualized rate of 34.4%,  from $60.6k in 2018 to $265k in 2023.

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

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Turks and Caicos Islands ranked 210 in total exports ($21.9M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £641k and imported £9.26k from Turks and Caicos Islands, resulting in a positive trade balance of £632k. Between November 2023 and November 2024 the exports of United Kingdom have increased by £19.9k (3.2%) from £621k to £641k, while imports increased by £6.73k (266%) from £2.53k to £9.26k.

Trade In November 2024, the top exports of United Kingdom to Turks and Caicos Islands were Large Construction Vehicles (£169k), Packaged Medicaments (£99.7k), Other Edible Preparations (£75.1k), Cars (£69.2k), and Non-Knit Men's Coats (£24.3k). In November 2024 the top imports of United Kingdom from Turks and Caicos Islands were Water (£13.4k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£311k), London Stansted Airport (£67.9k), Manchester Airport (£28.2k), Southampton (£14.6k), and East Midlands Airport (£12.7k), while imports destinations were mainly London Stansted Airport (£3.71k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Turks and Caicos Islands was explained primarily by an increase in product exports in Cars (£62.2k or 882%), Other Edible Preparations (£58.2k or 345%), and Packaged Medicaments (£32.7k or 48.8%). In November 2024, the increase in United Kingdom's year-by-year imports  from Turks and Caicos Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£19.9k(3.2%)
IMPORT GROWTH (November 2023 - November 2024)£6.73k(266%)
MAIN EXPORTER (November 2024)London Gateway£311k

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Turks and Caicos Islands and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $7.08M to Turks and Caicos Islands. The main products exported from United Kingdom to Turks and Caicos Islands were Packaged Medicaments ($2.27M), Cars ($546k), and Other Edible Preparations ($432k). During the last 5 years the exports of United Kingdom to Turks and Caicos Islands have increased at an annualized rate of 1.76%, from $6.49M in 2018 to $7.08M in 2023.

In 2018, Turks and Caicos Islands exported $265k to United Kingdom. The main products exported from Turks and Caicos Islands to United Kingdom were Motor vehicles; parts and accessories (8701 to 8705) ($53k), Video Recording Equipment ($52k), and Non-fillet Frozen Fish ($38.8k). During the last 5 years the exports of Turks and Caicos Islands to United Kingdom have increased at an annualized rate of 34.4%, from $60.6k in 2023 to $265k in 2018.

Exports from United Kingdom (Flag) to Turks and Caicos Islands (Flag) (2023)

Exports from Turks and Caicos Islands (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Turks and Caicos Islands
Top DestinationGabon$5.91M

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

In 2023, countries that imported more from United Kingdom than Turks and Caicos Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Turks and Caicos Islands than from United Kingdom.

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

Comparative Advantage United Kingdom - Turks and Caicos Islands

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Turks and Caicos Islands in the exports of Chemical Products ($2.58M), Foodstuffs ($1.13M), and Transportation ($910k).

During 2018, Turks and Caicos Islands had a large net trade with United Kingdom in the exports of Machines ($74.2k), Transportation ($53k), and Animal Products ($38.8k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Turks and Caicos Islands. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Turks and Caicos Islands (Flag) (2023)

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