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2022
Flag → Flag
Exports $2.06MRnk 189 / 219
2022
Flag → Flag
Top Product $1.37MRaw Iron Bars
2022
Flag → Flag
Exports $1.03kRnk 67 / 85
2022
Flag → Flag
Top Product $903Centrifuges
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
 GDP$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH9.93%CURRENT US$
Rnk 118 / 186

About

Turkey-Turks and Caicos Islands Trade: In 2022, Turkey exported $2.06M to Turks and Caicos Islands. The main products that Turkey exported to Turks and Caicos Islands were Raw Iron Bars ($1.37M), Jewellery ($226k), and Iron Cloth ($109k). Over the past 5 years the exports of Turkey to Turks and Caicos Islands have increased at an annualized rate of 94.7%, from $73.7k in 2017 to $2.06M in 2022.

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

Turks and Caicos Islands-Turkey Trade: In 2022, Turks and Caicos Islands exported $1.03k to Turkey. The main products that Turks and Caicos Islands exported to Turkey were Centrifuges ($903), Light Pure Woven Cotton ($113), and Electrical Parts ($12). Over the past 5 years the exports of Turks and Caicos Islands to Turkey have decreased at an annualized rate of 29.2%,  from $8.14k in 2017 to $1.03k in 2022.

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

Comparison In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6),  and 29 in total exports ($262B). 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, Turkey exported $2.06M to Turks and Caicos Islands. The main products exported from Turkey to Turks and Caicos Islands were Raw Iron Bars ($1.37M), Jewellery ($226k), and Iron Cloth ($109k). During the last 5 years the exports of Turkey to Turks and Caicos Islands have increased at an annualized rate of 94.7%, from $73.7k in 2017 to $2.06M in 2022.

In 2017, Turks and Caicos Islands exported $1.03k to Turkey. The main products exported from Turks and Caicos Islands to Turkey were Centrifuges ($903), Light Pure Woven Cotton ($113), and Electrical Parts ($12). During the last 5 years the exports of Turks and Caicos Islands to Turkey have decreased at an annualized rate of 29.2%, from $8.14k in 2022 to $1.03k in 2017.

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

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

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Turks and Caicos Islands
Top DestinationTogo$25.1M

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

In 2022, countries that imported more from Turkey than Turks and Caicos Islands included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

In 2022, countries that imported more from Turks and Caicos Islands than Turkey included Montserrat ($807).

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

Comparative Advantage Turkey - Turks and Caicos Islands

Flow
Scale

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

During 2022, Turkey had a large net trade with Turks and Caicos Islands in the exports of Metals ($1.55M), Precious Metals ($226k), and Stone And Glass ($165k).

During 2017, Turks and Caicos Islands had a large net trade with Turkey in the exports of Machines ($915) and Textiles ($113).

Economic Complexity

Competitive Landscape

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

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

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