Australia (AUS) and Turks and Caicos Islands (TCA) Trade | The Observatory of Economic Complexity

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Australia-Turks and Caicos Islands Trade: In 2022, Australia exported $1.89M to Turks and Caicos Islands. The main products that Australia exported to Turks and Caicos Islands were Planes, Helicopters, and/or Spacecraft ($1.87M), Wine ($8.05k), and Chemical Analysis Instruments ($7.13k). Over the past 5 years the exports of Australia to Turks and Caicos Islands have increased at an annualized rate of 315%, from $1.54k in 2017 to $1.89M in 2022.

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

Turks and Caicos Islands-Australia Trade: In 2022, Turks and Caicos Islands exported $260k to Australia. The main products that Turks and Caicos Islands exported to Australia were Harvesting Machinery ($185k), Office Machine Parts ($41.1k), and Rubber Belting ($23.6k). Over the past 5 years the exports of Turks and Caicos Islands to Australia have increased at an annualized rate of 23.7%, from $89.7k in 2017 to $260k in 2022.

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

Comparison In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $1.89M to Turks and Caicos Islands. The main products exported from Australia to Turks and Caicos Islands were Planes, Helicopters, and/or Spacecraft ($1.87M), Wine ($8.05k), and Chemical Analysis Instruments ($7.13k). During the last 5 years the exports of Australia to Turks and Caicos Islands have increased at an annualized rate of 315%, from $1.54k in 2017 to $1.89M in 2022.

In 2017, Turks and Caicos Islands exported $260k to Australia. The main products exported from Turks and Caicos Islands to Australia were Harvesting Machinery ($185k), Office Machine Parts ($41.1k), and Rubber Belting ($23.6k). During the last 5 years the exports of Turks and Caicos Islands to Australia have increased at an annualized rate of 23.7%, from $89.7k in 2022 to $260k in 2017.

Exports from Australia () to Turks and Caicos Islands () (2022)

Exports from Turks and Caicos Islands () to Australia () (2022)

Latest Data

Trade between Australia () and Turks and Caicos Islands ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Turks and Caicos Islands
Top DestinationTogo$25.1M

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

In 2022, countries that imported more from Australia than Turks and Caicos Islands included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Turks and Caicos Islands than Australia included Togo ($25.1M), Central African Republic ($643k), and Montserrat ($807).

Difference in imports from Turks and Caicos Islands () and Australia () (2022)

Comparative Advantage Australia - Turks and Caicos Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Australia had a large net trade with Turks and Caicos Islands in the exports of Transportation ($1.87M), Foodstuffs ($8.05k), and Instruments ($7.13k).

During 2017, Turks and Caicos Islands had a large net trade with Australia in the exports of Machines ($234k) and Plastics and Rubbers ($26.1k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Turks and Caicos Islands () (2022)

Exports from Turks and Caicos Islands () to Australia () (2022)

Latest Data

Trade between Australia () and Turks and Caicos Islands ()

Australia Exports

Market Competitiveness

Difference in imports from Turks and Caicos Islands () and Australia () (2022)

Comparative Advantage Australia - Turks and Caicos Islands

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Turks and Caicos Islands () (2022)

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