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2009
Flag → Flag
Exports $18.2kRnk 13 / 0
2009
Flag → Flag
Exports $1.34kRnk 17 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
 GDP$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH9.93%CURRENT US$
Rnk 118 / 186

About

Venezuela-Turks and Caicos Islands Trade: In 2009, Venezuela exported $18.2k to Turks and Caicos Islands. The main products that Venezuela exported to Turks and Caicos Islands were N/A. Over the past 7 years the exports of Venezuela to Turks and Caicos Islands have decreased at an annualized rate of 38.1%, from $525k in 2002 to $18.2k in 2009.

In 2009, Venezuela did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Venezuela Trade: In 2009, Turks and Caicos Islands exported $1.34k to Venezuela. The main products that Turks and Caicos Islands exported to Venezuela were N/A. Over the past 7 years the exports of Turks and Caicos Islands to Venezuela have increased at an annualized rate of 2.06%,  from $1.19k in 2002 to $1.34k in 2009.

In 2009, Turks and Caicos Islands did not export any services to Venezuela.

Comparison In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87),  and 132 in total exports ($4.3B). 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 2009, Venezuela exported $18.2k to Turks and Caicos Islands. There were not main exports from Venezuela to Turks and Caicos Islands in 2009. During the last 7 years the exports of Venezuela to Turks and Caicos Islands have decreased at an annualized rate of 38.1%, from $525k in 2002 to $18.2k in 2009.

In 2008, Turks and Caicos Islands exported $1.34k to Venezuela. There were not main exports from Turks and Caicos Islands to Venezuela in 2008. During the last 5 years the exports of Turks and Caicos Islands to Venezuela have increased at an annualized rate of 2.06%, from $1.19k in 2013 to $1.34k in 2008.

Exports from Venezuela (Flag) to Turks and Caicos Islands (Flag) (2013)

Exports from Turks and Caicos Islands (Flag) to Venezuela (Flag) (2013)

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Turks and Caicos Islands
Top DestinationTogo$25.1M

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

In 2022, countries that imported more from Venezuela than Turks and Caicos Islands included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Turks and Caicos Islands than Venezuela included Togo ($25.1M), Zimbabwe ($2.62M), and Democratic Republic of the Congo ($1.12M).

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

Comparative Advantage Venezuela - Turks and Caicos Islands

Flow
Scale

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

During 2009, Venezuela had a large net trade with Turks and Caicos Islands in the exports of .

During 2008, Turks and Caicos Islands had a large net trade with Venezuela in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Turks and Caicos Islands (Flag) (2013)

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