In 2019, Turks and Caicos Islands exported a total of $13.6M, making it the number 216 exporter in the world. During the last five reported years the exports of Turks and Caicos Islands have changed by -$10.7M from $24.3M in 2014 to $13.6M in 2019.
In 2019 Turks and Caicos Islands imported $265M, making it the number 200 trade destination in the world. During the last five reported years the imports of Turks and Caicos Islands changed by $51.5M from $214M in 2014 to $265M in 2019.
The top export opportunities for Turks and Caicos Islands according to the relatedness index, are Scrap Copper (0.085), Rolled Tobacco (0.084), Recovered Paper (0.084), Flavored Water (0.083), and Non-Knit Men's Shirts (0.083). 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.
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.