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Pricing

2023
Flag → Flag
Exports $9.38kRnk 54 / 92
2023
Flag → Flag
Top Product $5.51kLow-voltage Protection Equipment
2023
Flag → Flag
Exports $204kRnk 60 / 139
2023
Flag → Flag
Top Product $67.8kGranite
2023
Flag  
GDP$1.4BCURRENT US$
Rnk 181 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 23 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $30,349CURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP PC GROWTH35.4%CURRENT US$
Rnk 69 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Turks and Caicos Islands-Barbados Trade: In 2023, Turks and Caicos Islands exported $9.38k to Barbados. The main products that Turks and Caicos Islands exported to Barbados were Low-voltage Protection Equipment ($5.51k), Broadcasting Equipment ($1.59k), and Other Cloth Articles ($1.01k). Over the past 5 years the exports of Turks and Caicos Islands to Barbados have decreased at an annualized rate of 6.79%, from $13.3k in 2018 to $9.38k in 2023.

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

Barbados-Turks and Caicos Islands Trade: In 2023, Barbados exported $204k to Turks and Caicos Islands. The main products that Barbados exported to Turks and Caicos Islands were Granite ($67.8k), Hard Liquor ($55.5k), and Rolled Tobacco ($34.9k). Over the past 5 years the exports of Barbados to Turks and Caicos Islands have decreased at an annualized rate of 9.49%,  from $336k in 2018 to $204k in 2023.

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

Comparison In 2023,  Turks and Caicos Islands ranked 210 in total exports ($21.9M). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turks and Caicos Islands exported $9.38k to Barbados. The main products exported from Turks and Caicos Islands to Barbados were Low-voltage Protection Equipment ($5.51k), Broadcasting Equipment ($1.59k), and Other Cloth Articles ($1.01k). During the last 5 years the exports of Turks and Caicos Islands to Barbados have decreased at an annualized rate of 6.79%, from $13.3k in 2018 to $9.38k in 2023.

In 2018, Barbados exported $204k to Turks and Caicos Islands. The main products exported from Barbados to Turks and Caicos Islands were Granite ($67.8k), Hard Liquor ($55.5k), and Rolled Tobacco ($34.9k). During the last 5 years the exports of Barbados to Turks and Caicos Islands have decreased at an annualized rate of 9.49%, from $336k in 2023 to $204k in 2018.

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

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

Latest Data

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

Barbados Exports

Market Competitiveness

Color
Turks and Caicos Islands
Top DestinationGabon$5.91M
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Turks and Caicos Islands than Barbados included Gabon ($5.91M), Zimbabwe ($3.79M), and Mozambique ($636k).

In 2023, countries that imported more from Barbados than Turks and Caicos Islands included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

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

Comparative Advantage Turks and Caicos Islands - Barbados

Flow
Scale

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

During 2023, Turks and Caicos Islands had a large net trade with Barbados in the exports of Machines ($7.76k), Textiles ($1.01k), and Metals ($350).

During 2018, Barbados had a large net trade with Turks and Caicos Islands in the exports of Foodstuffs ($90.3k), Mineral Products ($67.8k), and Chemical Products ($43.8k).

Economic Complexity

Competitive Landscape

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

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

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