2022
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GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$1.14BCURRENT US$
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2012-2022
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GDP GROWTH
56.6%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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2022
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GDP PC
$24,918CURRENT US$
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2012-2022
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GDP PC GROWTH
9.93%CURRENT US$
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About

Spain-Turks and Caicos Islands Trade: In 2022, Spain exported $1.26M to Turks and Caicos Islands. The main products that Spain exported to Turks and Caicos Islands were Unglazed Ceramics ($498k), Building Stone ($136k), and Plywood ($121k). Over the past 5 years the exports of Spain to Turks and Caicos Islands have increased at an annualized rate of 64.7%, from $104k in 2017 to $1.26M in 2022.

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

Turks and Caicos Islands-Spain Trade: In 2022, Turks and Caicos Islands exported $16.5k to Spain. The main products that Turks and Caicos Islands exported to Spain were Raw Plastic Sheeting ($10.5k), Harvesting Machinery ($2.53k), and Padlocks ($2.17k). Over the past 5 years the exports of Turks and Caicos Islands to Spain have decreased at an annualized rate of 62.2%,  from $2.14M in 2017 to $16.5k in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). 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, Spain exported $1.26M to Turks and Caicos Islands. The main products exported from Spain to Turks and Caicos Islands were Unglazed Ceramics ($498k), Building Stone ($136k), and Plywood ($121k). During the last 5 years the exports of Spain to Turks and Caicos Islands have increased at an annualized rate of 64.7%, from $104k in 2017 to $1.26M in 2022.

In 2017, Turks and Caicos Islands exported $16.5k to Spain. The main products exported from Turks and Caicos Islands to Spain were Raw Plastic Sheeting ($10.5k), Harvesting Machinery ($2.53k), and Padlocks ($2.17k). During the last 5 years the exports of Turks and Caicos Islands to Spain have decreased at an annualized rate of 62.2%, from $2.14M in 2022 to $16.5k in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Turks and Caicos Islands
Top Destination
Togo$25.1M

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

In 2022, countries that imported more from Spain than Turks and Caicos Islands included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Turks and Caicos Islands than from Spain.

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

Comparative Advantage Spain - Turks and Caicos Islands

Flow
Scale

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

During 2022, Spain had a large net trade with Turks and Caicos Islands in the exports of Stone And Glass ($678k), Wood Products ($235k), and Miscellaneous ($148k).

During 2017, Turks and Caicos Islands had a large net trade with Spain in the exports of Plastics and Rubbers ($10.5k), Machines ($3.77k), and Metals ($2.17k).

Economic Complexity

Competitive Landscape

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

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

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