2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH
56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH
9.93%CURRENT US$
Rnk 118 / 186

About

Italy-Turks and Caicos Islands In 2022, Italy exported $11.4M to Turks and Caicos Islands. The main products that Italy exported to Turks and Caicos Islands are Aluminium Structures ($4.25M), Other Furniture ($2.52M), and Wine ($1.19M). During the last 27 years the exports of Italy to Turks and Caicos Islands have increased at an annualized rate of 13.9%, from $338k in 1995 to $11.4M in 2022.

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

Turks and Caicos Islands-Italy In 2022, Turks and Caicos Islands exported $116k to Italy. The main products that Turks and Caicos Islands exported to Italy were Light Rubberized Knitted Fabric ($111k), Other Engines ($2.65k), and Leather Apparel ($2.59k). During the last 27 years the exports of Turks and Caicos Islands to Italy have decreased at an annualized rate of 14.1%, from $6.92M in 1995 to $116k in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). 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 2022, Italy exported $11.4M to Turks and Caicos Islands. The main products exported from Italy to Turks and Caicos Islands were Aluminium Structures ($4.25M), Other Furniture ($2.52M), and Wine ($1.19M). During the last 27 years the exports of Italy to Turks and Caicos Islands have increased at an annualized rate of 13.9%, from $338k in 1995 to $11.4M in 2022.

In 2022, Turks and Caicos Islands exported $116k to Italy. The main products exported from Turks and Caicos Islands to Italy were Light Rubberized Knitted Fabric ($111k), Other Engines ($2.65k), and Leather Apparel ($2.59k). During the last 26 years the exports of Turks and Caicos Islands to Italy have decreased at an annualized rate of 14.1%, from $6.92M in 1996 to $116k in 2022.

Exports from Italy (Flag) to Turks and Caicos Islands (Flag) (2022)

Exports from Turks and Caicos Islands (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Turks and Caicos Islands
Top Destination
Togo$25.1M

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 2021, countries that imported more from Italy than Turks and Caicos Islands were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, 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) (2022)

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 2022, Italy had a large net trade with Turks and Caicos Islands in the exports of Metals ($4.28M), Miscellaneous ($2.83M), and Foodstuffs ($1.64M).

During 2022, Turks and Caicos Islands had a large net trade with Italy in the exports of Textiles ($111k), Machines ($2.65k), and Animal Hides ($2.59k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Turks and Caicos Islands. Similarly, the more yellow a dot/product is, the more Turks and Caicos Islands has comparative advantage over Italy.

Product Space of Italy (Flag) and Turks and Caicos Islands (Flag) (2022)

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