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2022
Product
Exports | Imports $41.4M | $442M204 of 226 |  194 of 226
2022
Per Capita Product
Exports | Imports $906 | $9.67k196 of 220 |  58 of 220

About

Overview In 2022 Turks and Caicos Islands was the number 204 economy in the world in terms of total exports and the number 194 in total imports.

Exports The top exports of Turks and Caicos Islands are Nitrogenous Fertilizers ($25M), Polyacetals ($2.86M), Molluscs ($2.34M), Crustaceans ($1.54M), and Sulfur ($991k), exporting mostly to Togo ($25.1M), United States ($5.39M), Zimbabwe ($2.62M), Democratic Republic of the Congo ($1.12M), and Central African Republic ($643k).

Imports The top imports of Turks and Caicos Islands are Refined Petroleum ($62.6M), Cars ($24.6M), Other Furniture ($11.1M), Aluminium Structures ($10.1M), and Wine ($9.55M), importing mostly from United States ($332M), Dominican Republic ($24.4M), Italy ($11.4M), Switzerland ($10.6M), and China ($9.19M).

Location Turks and Caicos Islands borders Haiti by land and Bahamas, Dominican Republic, and Haiti by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Turks and Caicos Islands.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Nitrogenous Fertilizers$25M
Top Destination (2022)Togo$25.1M

In 2022, Turks and Caicos Islands exported a total of $41.4M, making it the number 204 exporter in the world. During the last five reported years the exports of Turks and Caicos Islands have changed by $13.4M from $28M in 2017 to $41.4M in 2022.

The most recent exports are led by Nitrogenous Fertilizers ($25M), Polyacetals ($2.86M), Molluscs ($2.34M), Crustaceans ($1.54M), and Sulfur ($991k). The most common destination for the exports of Turks and Caicos Islands are Togo ($25.1M), United States ($5.39M), Zimbabwe ($2.62M), Democratic Republic of the Congo ($1.12M), and Central African Republic ($643k).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Togo$25.1M (+ 1.65M%)
United States$2.52M (+ 87.7%)
Zimbabwe$2.27M (+ 666%)
Fastest Growing Import Markets (2021 - 2022)
United States$113M (+ 51.6%)
Dominican Republic$11.5M (+ 89%)
Italy$5.74M (+ 102%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Turks and Caicos Islands has a high level of specialization in Nitrogenous Fertilizers (238), Molluscs (104), Crustaceans (26.1), Polyacetals (20.6), and Yeast (17.3). Specialization is measured using RCA, an index that takes the ratio between Turks and Caicos Islands observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Turks and Caicos Islands according to the relatedness index, were Refined Petroleum (0.07), Scrap Copper (0.07), Hard Liquor (0.067), Non-fillet Frozen Fish (0.067), and Recreational Boats (0.067). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Turks and Caicos Islands is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Turks And Caicos Islands. These are products that tend to be co-exported with the products that Turks And Caicos Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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