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Pricing

2022
Flag → Flag
Exports $815kRnk 203 / 220
2022
Flag → Flag
Top Product $748kCars
2022
Flag → Flag
Exports $1.23kRnk 65 / 85
2022
Flag → Flag
Top Product $912Knit Sweaters
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
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GDP GROWTH56.6%CURRENT US$
Rnk 46 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH9.93%CURRENT US$
Rnk 118 / 186

About

South Korea-Turks and Caicos Islands Trade: In 2022, South Korea exported $815k to Turks and Caicos Islands. The main products that South Korea exported to Turks and Caicos Islands were Cars ($748k), Delivery Trucks ($35.7k), and Vaccines, blood, antisera, toxins and cultures ($13.7k). Over the past 5 years the exports of South Korea to Turks and Caicos Islands have increased at an annualized rate of 1.09%, from $772k in 2017 to $815k in 2022.

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

Turks and Caicos Islands-South Korea Trade: In 2022, Turks and Caicos Islands exported $1.23k to South Korea. The main products that Turks and Caicos Islands exported to South Korea were Knit Sweaters ($912) and Trunks and Cases ($320). Over the past 5 years the exports of Turks and Caicos Islands to South Korea have decreased at an annualized rate of 38.9%,  from $14.5k in 2017 to $1.23k in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Turks and Caicos Islands ranked 204 in total exports ($41.4M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $99k and imported $0 from Turks and Caicos Islands, resulting in a positive trade balance of $99k. Between September 2023 and September 2024 the exports of South Korea have increased by $83k (519%) from $16k to $99k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In September 2024, the top exports of South Korea to Turks and Caicos Islands were Cars, tractors, trucks & parts thereof. ($142k) and Pharmaceutical products ($0). In September 2024 the top imports of South Korea from Turks and Caicos Islands were Pharmaceutical products ($0) and Cars, tractors, trucks & parts thereof. ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Turks and Caicos Islands was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($117k or 468%). In September 2024, the change in South Korea's year-by-year imports  from Turks and Caicos Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$83k(519%)
IMPORT GROWTH (September 2023 - September 2024)$0(N/A%)

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

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

For full datasets download visit Bulk Download page.

Explore Turks and Caicos Islands and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $815k to Turks and Caicos Islands. The main products exported from South Korea to Turks and Caicos Islands were Cars ($748k), Delivery Trucks ($35.7k), and Vaccines, blood, antisera, toxins and cultures ($13.7k). During the last 5 years the exports of South Korea to Turks and Caicos Islands have increased at an annualized rate of 1.09%, from $772k in 2017 to $815k in 2022.

In 2017, Turks and Caicos Islands exported $1.23k to South Korea. The main products exported from Turks and Caicos Islands to South Korea were Knit Sweaters ($912) and Trunks and Cases ($320). During the last 5 years the exports of Turks and Caicos Islands to South Korea have decreased at an annualized rate of 38.9%, from $14.5k in 2022 to $1.23k in 2017.

Exports from South Korea (Flag) to Turks and Caicos Islands (Flag) (2022)

Exports from Turks and Caicos Islands (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Turks and Caicos Islands
Top DestinationTogo$25.1M

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

In 2022, countries that imported more from South Korea than Turks and Caicos Islands included China ($150B), United States ($112B), and Vietnam ($60.7B).

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

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

Comparative Advantage South Korea - Turks and Caicos Islands

Flow
Scale

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

During 2022, South Korea had a large net trade with Turks and Caicos Islands in the exports of Transportation ($784k), Chemical Products ($14.9k), and Instruments ($9.83k).

During 2017, Turks and Caicos Islands had a large net trade with South Korea in the exports of Textiles ($912) and Animal Hides ($320).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Turks and Caicos Islands (Flag) (2022)

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