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2013
Flag → Flag
Exports $1.34kRnk 85 / 0
2013
Flag → Flag
Exports $18.2kRnk 91 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$1.4BCURRENT US$
Rnk 181 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC $30,349CURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP PC GROWTH35.4%CURRENT US$
Rnk 69 / 195

About

Turks and Caicos Islands-Venezuela Trade: In 2013, Turks and Caicos Islands exported $1.34k to Venezuela. The main products that Turks and Caicos Islands exported to Venezuela were N/A. Over the past 5 years the exports of Turks and Caicos Islands to Venezuela have increased at an annualized rate of 2.47%, from $1.19k in 2008 to $1.34k in 2013.

In 2013, Turks and Caicos Islands did not export any services to Venezuela.

Venezuela-Turks and Caicos Islands Trade: In 2013, Venezuela exported $18.2k to Turks and Caicos Islands. The main products that Venezuela exported to Turks and Caicos Islands were N/A. Over the past 5 years the exports of Venezuela to Turks and Caicos Islands have decreased at an annualized rate of 36.5%,  from $436k in 2008 to $18.2k in 2013.

In 2013, Venezuela did not export any services to Turks and Caicos Islands.

Comparison In 2023,  Turks and Caicos Islands ranked 210 in total exports ($21.9M), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2013, Turks and Caicos Islands exported $1.34k to Venezuela. There were not main exports from Turks and Caicos Islands to Venezuela in 2013. During the last 5 years the exports of Turks and Caicos Islands to Venezuela have increased at an annualized rate of 2.47%, from $1.19k in 2008 to $1.34k in 2013.

In 2004, Venezuela exported $18.2k to Turks and Caicos Islands. There were not main exports from Venezuela to Turks and Caicos Islands in 2004. During the last 5 years the exports of Venezuela to Turks and Caicos Islands have decreased at an annualized rate of 36.5%, from $436k in 2009 to $18.2k in 2004.

Exports from Turks and Caicos Islands (Flag) to Venezuela (Flag) (2013)

Exports from Venezuela (Flag) to Turks and Caicos Islands (Flag) (2013)

Market Competitiveness

Color
Turks and Caicos Islands
Top DestinationGabon$5.91M
Venezuela
Top DestinationUnited States$3.81B

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

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

In 2023, countries that imported more from Venezuela than Turks and Caicos Islands included United States ($3.81B), China ($739M), and Spain ($670M).

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

Comparative Advantage Turks and Caicos Islands - Venezuela

Flow
Scale

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

During 2013, Turks and Caicos Islands had a large net trade with Venezuela in the exports of .

During 2004, Venezuela had a large net trade with Turks and Caicos Islands in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Turks and Caicos Islands (Flag) and Venezuela (Flag) (2013)

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