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2023
Flag → Flag
Exports $2.19MRnk 193 / 220
2023
Flag → Flag
Top Product $637kUnglazed Ceramics
2023
Flag → Flag
Exports $1.15kRnk 75 / 92
2023
Flag → Flag
Top Product $602Harvesting Machinery
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$1.4BCURRENT US$
Rnk 181 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$30,349CURRENT US$
Rnk 46 / 196
2013-2023
Flag
GDP PC GROWTH35.4%CURRENT US$
Rnk 69 / 195

About

Spain-Turks and Caicos Islands Trade: In 2023, Spain exported $2.19M to Turks and Caicos Islands. The main products that Spain exported to Turks and Caicos Islands were Unglazed Ceramics ($637k), Plywood ($335k), and Lifting Machinery ($313k). Over the past 5 years the exports of Spain to Turks and Caicos Islands have increased at an annualized rate of 39.2%, from $418k in 2018 to $2.19M in 2023.

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

Turks and Caicos Islands-Spain Trade: In 2023, Turks and Caicos Islands exported $1.15k to Spain. The main products that Turks and Caicos Islands exported to Spain were Harvesting Machinery ($602), Leather Footwear ($172), and Electrical Resistors ($158). Over the past 5 years the exports of Turks and Caicos Islands to Spain have decreased at an annualized rate of 76.2%,  from $1.51M in 2018 to $1.15k in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). 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

December, 2024

About

Overview In December 2024, Spain exported €118k and imported €356 from Turks and Caicos Islands, resulting in a positive trade balance of €118k. Between December 2023 and December 2024 the exports of Spain have increased by €97.3k (470%) from €20.7k to €118k, while imports increased by €113 (46.6%) from €243 to €356.

Trade In December 2024, the top exports of Spain to Turks and Caicos Islands were Unglazed Ceramics (€33.7k), Padlocks (€2.22k), Commodities not elsewhere specified (€485), Rubber Footwear (€232), and Leather Footwear (€89.9). In December 2024 the top imports of Spain from Turks and Caicos Islands were Valves (€2.32k), Aircraft parts for spacecraft, UAVs, and... (€412), and Bathroom Ceramics (€97).

Origins In December 2024 the exports of Spain were mainly from La Rioja (€24.8k), Castellón (€24k), Alicante (€20k), Madrid (€19.1k), and Álava (€18.2k), while imports destinations were mainly Burgos (€356).

Growth In December 2024, the increase in Spain's year-by-year exports to Turks and Caicos Islands was explained primarily by an increase in product exports in Padlocks (€1.73k or 349%). In December 2024, the increase in Spain's year-by-year imports  from Turks and Caicos Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€97.3k(470%)
IMPORT GROWTH (December 2023 - December 2024)€113(46.6%)
MAIN EXPORTER (December 2024)La Rioja€24.8k

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Turks and Caicos Islands and Spain trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.19M to Turks and Caicos Islands. The main products exported from Spain to Turks and Caicos Islands were Unglazed Ceramics ($637k), Plywood ($335k), and Lifting Machinery ($313k). During the last 5 years the exports of Spain to Turks and Caicos Islands have increased at an annualized rate of 39.2%, from $418k in 2018 to $2.19M in 2023.

In 2018, Turks and Caicos Islands exported $1.15k to Spain. The main products exported from Turks and Caicos Islands to Spain were Harvesting Machinery ($602), Leather Footwear ($172), and Electrical Resistors ($158). During the last 5 years the exports of Turks and Caicos Islands to Spain have decreased at an annualized rate of 76.2%, from $1.51M in 2023 to $1.15k in 2018.

Exports from Spain (Flag) to Turks and Caicos Islands (Flag) (2023)

Exports from Turks and Caicos Islands (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Turks and Caicos Islands
Top DestinationGabon$5.91M

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 2023, countries that imported more from Spain than Turks and Caicos Islands included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, 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) (2023)

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 2023, Spain had a large net trade with Turks and Caicos Islands in the exports of Stone And Glass ($691k), Miscellaneous ($431k), and Wood Products ($399k).

During 2018, Turks and Caicos Islands had a large net trade with Spain in the exports of Machines ($760), Footwear and Headwear ($172), and Textiles ($116).

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) (2023)

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