2022
Flag  
GDP
$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH
56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH
9.93%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Turks and Caicos Islands-South Korea Trade: In 2022, Turks and Caicos Islands exported $1.23k to South Korea. The main products that Turks and Caicos Islands exported to South Korea were Knit Sweaters ($912) and Trunks and Cases ($320). Over the past 5 years the exports of Turks and Caicos Islands to South Korea have decreased at an annualized rate of 38.9%, from $14.5k in 2017 to $1.23k in 2022.

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

South Korea-Turks and Caicos Islands Trade: In 2022, South Korea exported $815k to Turks and Caicos Islands. The main products that South Korea exported to Turks and Caicos Islands were Cars ($748k), Delivery Trucks ($35.7k), and Vaccines, blood, antisera, toxins and cultures ($13.7k). Over the past 5 years the exports of South Korea to Turks and Caicos Islands have increased at an annualized rate of 1.09%,  from $772k in 2017 to $815k in 2022.

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

Comparison In 2022,  Turks and Caicos Islands ranked 204 in total exports ($41.4M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Turks and Caicos Islands exported $1.23k to South Korea. The main products exported from Turks and Caicos Islands to South Korea were Knit Sweaters ($912) and Trunks and Cases ($320). During the last 5 years the exports of Turks and Caicos Islands to South Korea have decreased at an annualized rate of 38.9%, from $14.5k in 2017 to $1.23k in 2022.

In 2017, South Korea exported $815k to Turks and Caicos Islands. The main products exported from South Korea to Turks and Caicos Islands were Cars ($748k), Delivery Trucks ($35.7k), and Vaccines, blood, antisera, toxins and cultures ($13.7k). During the last 5 years the exports of South Korea to Turks and Caicos Islands have increased at an annualized rate of 1.09%, from $772k in 2022 to $815k in 2017.

Exports from Turks and Caicos Islands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Turks and Caicos Islands (Flag) (2022)

Latest Data

Trade between Turks and Caicos Islands (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Turks and Caicos Islands
Top Destination
Togo$25.1M
South Korea
Top Destination
China$150B

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

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

In 2022, countries that imported more from South Korea than Turks and Caicos Islands included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Comparative Advantage Turks and Caicos Islands - South Korea

Flow
Scale

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

During 2022, Turks and Caicos Islands had a large net trade with South Korea in the exports of Textiles ($912) and Animal Hides ($320).

During 2017, South Korea had a large net trade with Turks and Caicos Islands in the exports of Transportation ($784k), Chemical Products ($14.9k), and Instruments ($9.83k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turks and Caicos Islands South Korea+N/AN/A
Top Product Potential South Korea Turks and Caicos Islands+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

Product Space of Turks and Caicos Islands (Flag) and South Korea (Flag) (2022)

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