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2021
Product
Exports | Imports $7.81M | $286M218 of 226 |  198 of 226
2021
Per Capita Product
Exports | Imports $173 | $6.33k212 of 220 |  78 of 220

About

Overview In 2021 Turks and Caicos Islands was the number 218 economy in the world in terms of total exports and the number 198 in total imports.

Exports The top exports of Turks and Caicos Islands are Molluscs ($973k), Crustaceans ($666k), Polyacetals ($378k), Processed Tobacco ($371k), and Hot-Rolled Iron ($298k), exporting mostly to United States ($2.83M), Mauritania ($775k), Sri Lanka ($350k), Zimbabwe ($333k), and Angola ($304k).

Imports The top imports of Turks and Caicos Islands are Refined Petroleum ($39M), Cars ($9.32M), Wine ($7.56M), Poultry Meat ($6.87M), and Frozen Bovine Meat ($6.68M), importing mostly from United States ($219M), Dominican Republic ($12.9M), United Kingdom ($8.32M), Switzerland ($6.36M), and Italy ($5.65M).

Location Turks and Caicos Islands borders Haiti by land and Bahamas, Dominican Republic, and Haiti by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Turks and Caicos Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Molluscs$973k
Top Destination (2021)United States$2.83M

In 2021, Turks and Caicos Islands exported a total of $7.81M, making it the number 218 exporter in the world. During the last five reported years the exports of Turks and Caicos Islands have changed by -$25.7M from $33.6M in 2016 to $7.81M in 2021.

The most recent exports are led by Molluscs ($973k), Crustaceans ($666k), Polyacetals ($378k), Processed Tobacco ($371k), and Hot-Rolled Iron ($298k). The most common destination for the exports of Turks and Caicos Islands are United States ($2.83M), Mauritania ($775k), Sri Lanka ($350k), Zimbabwe ($333k), and Angola ($304k).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
Mauritania$505k (+ 187%)
Burundi$249k (+ 1.59k%)
Sri Lanka$237k (+ 210%)
Fastest Growing Import Markets (2020 - 2021)
United States$68.1M (+ 45.2%)
Dominican Republic$5.31M (+ 69.8%)
Switzerland$4.58M (+ 257%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

Turks and Caicos Islands has a high level of specialization in Molluscs (240), Processed Tobacco (89.9), Other Cast Iron Products (77.9), Wheat Flours (76), and Mill Machinery (58.6). Specialization is measured using RCA, an index that takes the ratio between Turks and Caicos Islands observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Turks and Caicos Islands according to the relatedness index, were Knit T-shirts (0.11), Hard Liquor (0.11), Tropical Fruits (0.1), Scrap Iron (0.1), and Other Vegetables (0.1). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Turks and Caicos Islands is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Turks And Caicos Islands. These are products that tend to be co-exported with the products that Turks And Caicos Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

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