Flag United Kingdom / Turks and Caicos Islands Flag

Exports Flag β†’ Flag  (2018): $6.46M, Rnk 180 / 217

Top Product Flag β†’ Flag (2018): $1.76M, Packaged Medicaments

Exports Flag β†’ Flag (2018): $60.4k, Rnk 24 / 53

Top Product Flag β†’ Flag (2018): $27.5k, Other Plastic Products

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 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): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 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

United Kingdom-Turks and Caicos Islands: In 2018, United Kingdom exported $6.46M to Turks and Caicos Islands. The main products that United Kingdom exported to Turks and Caicos Islands are Packaged Medicaments ($1.76M), Other Furniture ($782k), and Seats ($697k). During the last 23 years the exports of United Kingdom to Turks and Caicos Islands have increased at an annualized rate of 4.96%, from $2.12M in 1995 to $6.46M in 2018.

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

Turks and Caicos Islands-United Kingdom: In 2018, Turks and Caicos Islands exported $60.4k to United Kingdom . The main products that Turks and Caicos Islands exported to United Kingdom were Other Plastic Products ($27.5k), House Linens ($11.1k), and Integrated Circuits ($8.99k). During the last 23 years the exports of United Kingdom to Turks and Caicos Islands have increased at an annualized rate of 4.96%, from $2.12M in 1995 to $6.46M in 2018.

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

Comparison: In 2018,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49),  and 9 in total exports ($464B). 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, United Kingdom exported $6.46M to Turks and Caicos Islands. The main products exported from United Kingdom to Turks and Caicos Islands were Packaged Medicaments ($1.76M), Other Furniture ($782k), and Seats ($697k). During the last 23 years the exports of United Kingdom to Turks and Caicos Islands have increased at an annualized rate of 4.96%, from $2.12M in 1995 to $6.46M in 2018.

In 2018, Turks and Caicos Islands exported $60.4k to United Kingdom. The main products exported from Turks and Caicos Islands to United Kingdom were Other Plastic Products ($27.5k), House Linens ($11.1k), and Integrated Circuits ($8.99k). During the last 23 years the exports of Turks and Caicos Islands to United Kingdom have decreased at an annualized rate of 1.68%, from $89.2k in 1995 to $60.4k in 2018.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $61.9B

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

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 2018, countries that imported more from United Kingdom than Turks and Caicos Islands were United States ($61.9B), Germany ($45.5B), and Netherlands ($33.3B).

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

Comparative Advantage United Kingdom - Turks and Caicos Islands

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Depth

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 2018, United Kingdom had a large net trade with Turks and Caicos Islands in the exports of Chemical Products ($1.96M), Miscellaneous ($1.59M), and Machines ($757k).

During 2018, Turks and Caicos Islands had a large net trade with United Kingdom in the exports of Plastics and Rubbers ($27.5k), Machines ($16.1k), and Textiles ($11.1k).

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 United Kingdom 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 United Kingdom.