Belgium (BEL) and Turks and Caicos Islands (TCA) Trade | The Observatory of Economic Complexity

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Belgium-Turks and Caicos Islands Trade: In 2023, Belgium exported $572k to Turks and Caicos Islands. The main products that Belgium exported to Turks and Caicos Islands were Textile Processing Machines ($208k), Fairground Amusements ($171k), and Other Frozen Vegetables ($65.8k). Over the past 5 years the exports of Belgium to Turks and Caicos Islands have increased at an annualized rate of 66.7%, from $44.5k in 2018 to $572k in 2023.

In 2023, Belgium did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Belgium Trade: In 2023, Turks and Caicos Islands exported $2.51k to Belgium. The main products that Turks and Caicos Islands exported to Belgium were Electrical Control Boards ($1.26k), Liquid Dispersing Machines ($1.23k), and Other Pure Vegetable Oils ($11). Over the past 5 years the exports of Turks and Caicos Islands to Belgium have decreased at an annualized rate of 12.7%, from $7.42k in 2018 to $2.51k in 2023.

In 2023, Turks and Caicos Islands did not export any services to Belgium.

Comparison In 2023, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Turks and Caicos Islands ranked 210 in total exports ($21.9M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

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Overview In November 2024, Belgium exported €78.4k and imported €145 from Turks and Caicos Islands, resulting in a positive trade balance of €78.3k. Between November 2023 and November 2024 the exports of Belgium have increased by €35.8k (84.2%) from €42.6k to €78.4k, while imports increased by €139 (2.32k%) from €6 to €145.

Trade In November 2024, the top exports of Belgium to Turks and Caicos Islands were Man-made filaments (€704) and Books, newspapers, & other prints (€1). In November 2024 the top imports of Belgium from Turks and Caicos Islands were Electrical machinery and electronics (€1.16k).

Growth In November 2024, the increase in Belgium's year-by-year exports to Turks and Caicos Islands was explained primarily by an increase in product exports in . In February 2024, the increase in Belgium's year-by-year imports from Turks and Caicos Islands was explained primarily by an increase in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $572k to Turks and Caicos Islands. The main products exported from Belgium to Turks and Caicos Islands were Textile Processing Machines ($208k), Fairground Amusements ($171k), and Other Frozen Vegetables ($65.8k). During the last 5 years the exports of Belgium to Turks and Caicos Islands have increased at an annualized rate of 66.7%, from $44.5k in 2018 to $572k in 2023.

In 2018, Turks and Caicos Islands exported $2.51k to Belgium. The main products exported from Turks and Caicos Islands to Belgium were Electrical Control Boards ($1.26k), Liquid Dispersing Machines ($1.23k), and Other Pure Vegetable Oils ($11). During the last 5 years the exports of Turks and Caicos Islands to Belgium have decreased at an annualized rate of 12.7%, from $7.42k in 2023 to $2.51k in 2018.

Exports from Belgium () to Turks and Caicos Islands () (2023)

Exports from Turks and Caicos Islands () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

Turks and Caicos Islands
Top DestinationGabon$5.91M

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

In 2023, countries that imported more from Belgium than Turks and Caicos Islands included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, no countries were registered that imported more from Turks and Caicos Islands than from Belgium.

Difference in imports from Turks and Caicos Islands () and Belgium () (2023)

Comparative Advantage Belgium - Turks and Caicos Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Belgium had a large net trade with Turks and Caicos Islands in the exports of Machines ($222k), Miscellaneous ($180k), and Textiles ($80.9k).

During 2018, Turks and Caicos Islands had a large net trade with Belgium in the exports of Machines ($2.49k), Foodstuffs ($14), and Animal and Vegetable Bi-Products ($11).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Turks and Caicos Islands () (2023)

Exports from Turks and Caicos Islands () to Belgium () (2023)

Market Competitiveness

Difference in imports from Turks and Caicos Islands () and Belgium () (2023)

Comparative Advantage Belgium - Turks and Caicos Islands

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Turks and Caicos Islands () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Turks and Caicos Islands () (2023)

Exports from Turks and Caicos Islands () to Belgium () (2023)

Market Competitiveness

Difference in imports from Turks and Caicos Islands () and Belgium () (2023)

Comparative Advantage Belgium - Turks and Caicos Islands

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Turks and Caicos Islands () (2023)

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