2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$1.4BCURRENT US$
Rnk 181 / 195
2013-2023
Flag
GDP GROWTH
85.9%CURRENT US$
Rnk 23 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$30,349CURRENT US$
Rnk 46 / 196
2013-2023
Flag
GDP PC GROWTH
35.4%CURRENT US$
Rnk 69 / 195

About

Italy-Turks and Caicos Islands Trade: In 2023, Italy exported $14M to Turks and Caicos Islands. The main products that Italy exported to Turks and Caicos Islands were Aluminium Structures ($5.75M), Other Furniture ($2.98M), and Wine ($1.29M). Over the past 5 years the exports of Italy to Turks and Caicos Islands have increased at an annualized rate of 31.4%, from $3.58M in 2018 to $14M in 2023.

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

Turks and Caicos Islands-Italy Trade: In 2023, Turks and Caicos Islands exported $29.6k to Italy. The main products that Turks and Caicos Islands exported to Italy were Metalworking Machine Parts ($17.1k), Jewellery ($8.13k), and Leather Apparel ($4.3k). Over the past 5 years the exports of Turks and Caicos Islands to Italy have decreased at an annualized rate of 15.3%,  from $67.7k in 2018 to $29.6k in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Turks and Caicos Islands ranked 210 in total exports ($21.9M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $14M to Turks and Caicos Islands. The main products exported from Italy to Turks and Caicos Islands were Aluminium Structures ($5.75M), Other Furniture ($2.98M), and Wine ($1.29M). During the last 5 years the exports of Italy to Turks and Caicos Islands have increased at an annualized rate of 31.4%, from $3.58M in 2018 to $14M in 2023.

In 2018, Turks and Caicos Islands exported $29.6k to Italy. The main products exported from Turks and Caicos Islands to Italy were Metalworking Machine Parts ($17.1k), Jewellery ($8.13k), and Leather Apparel ($4.3k). During the last 5 years the exports of Turks and Caicos Islands to Italy have decreased at an annualized rate of 15.3%, from $67.7k in 2023 to $29.6k in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Turks and Caicos Islands
Top Destination
Gabon$5.91M

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

In 2023, countries that imported more from Italy than Turks and Caicos Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Difference in imports from Turks and Caicos Islands (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Turks and Caicos Islands

Flow
Scale

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

During 2023, Italy had a large net trade with Turks and Caicos Islands in the exports of Metals ($6.08M), Miscellaneous ($3.2M), and Foodstuffs ($1.98M).

During 2018, Turks and Caicos Islands had a large net trade with Italy in the exports of Machines ($17.1k), Precious Metals ($8.13k), and Animal Hides ($4.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Turks and Caicos Islands (Flag) (2023)

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