2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH
56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH
9.93%CURRENT US$
Rnk 118 / 186

About

Italy-Turks and Caicos Islands Trade: In 2022, Italy exported $11.4M to Turks and Caicos Islands. The main products that Italy exported to Turks and Caicos Islands were Aluminium Structures ($4.25M), Other Furniture ($2.52M), and Wine ($1.19M). Over the past 5 years the exports of Italy to Turks and Caicos Islands have increased at an annualized rate of 29.8%, from $3.09M in 2017 to $11.4M in 2022.

In 2022, Italy did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Italy Trade: In 2022, Turks and Caicos Islands exported $116k to Italy. The main products that Turks and Caicos Islands exported to Italy were Light Rubberized Knitted Fabric ($111k), Other Engines ($2.65k), and Leather Apparel ($2.59k). Over the past 5 years the exports of Turks and Caicos Islands to Italy have increased at an annualized rate of 2.84%,  from $95.2k in 2017 to $116k in 2022.

In 2022, Turks and Caicos Islands did not export any services to Italy.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Turks and Caicos Islands ranked 204 in total exports ($41.4M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $11.4M to Turks and Caicos Islands. The main products exported from Italy to Turks and Caicos Islands were Aluminium Structures ($4.25M), Other Furniture ($2.52M), and Wine ($1.19M). During the last 5 years the exports of Italy to Turks and Caicos Islands have increased at an annualized rate of 29.8%, from $3.09M in 2017 to $11.4M in 2022.

In 2017, Turks and Caicos Islands exported $116k to Italy. The main products exported from Turks and Caicos Islands to Italy were Light Rubberized Knitted Fabric ($111k), Other Engines ($2.65k), and Leather Apparel ($2.59k). During the last 5 years the exports of Turks and Caicos Islands to Italy have increased at an annualized rate of 2.84%, from $95.2k in 2022 to $116k in 2017.

Exports from Italy (Flag) to Turks and Caicos Islands (Flag) (2022)

Exports from Turks and Caicos Islands (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Turks and Caicos Islands
Top Destination
Togo$25.1M

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

In 2022, countries that imported more from Italy than Turks and Caicos Islands included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Turks and Caicos Islands than from Italy.

Difference in imports from Turks and Caicos Islands (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Turks and Caicos Islands

Flow
Scale

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

During 2022, Italy had a large net trade with Turks and Caicos Islands in the exports of Metals ($4.28M), Miscellaneous ($2.83M), and Foodstuffs ($1.64M).

During 2017, Turks and Caicos Islands had a large net trade with Italy in the exports of Textiles ($111k), Machines ($2.65k), and Animal Hides ($2.59k).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Turks and Caicos Islands (Flag) (2022)

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