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Pricing

2022
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Exports $332MRnk 116 / 219
2022
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Top Product $61.9MRefined Petroleum
2022
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Exports $5.39MRnk 2 / 85
2022
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Top Product $2.34MMolluscs
2022
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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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GDP$25.5TCURRENT US$
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2012-2022
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GDP GROWTH56.7%CURRENT US$
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2022
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 GDP$1.14BCURRENT US$
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2012-2022
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GDP GROWTH56.6%CURRENT US$
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2022
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GDP PC $76,399CURRENT US$
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2012-2022
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GDP PC GROWTH47.5%CURRENT US$
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2022
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GDP PC$24,918CURRENT US$
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2012-2022
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GDP PC GROWTH9.93%CURRENT US$
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About

United States-Turks and Caicos Islands In 2022, United States exported $332M to Turks and Caicos Islands. The main products that United States exported to Turks and Caicos Islands are Refined Petroleum ($61.9M), Cars ($12.1M), and Poultry Meat ($7.88M). During the last 27 years the exports of United States to Turks and Caicos Islands have increased at an annualized rate of 11.1%, from $19.2M in 1995 to $332M in 2022.

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

Turks and Caicos Islands-United States In 2022, Turks and Caicos Islands exported $5.39M to United States. The main products that Turks and Caicos Islands exported to United States were Molluscs ($2.34M), Crustaceans ($1.54M), and Office Machine Parts ($468k). During the last 27 years the exports of Turks and Caicos Islands to United States have increased at an annualized rate of 0.31%, from $4.96M in 1995 to $5.39M in 2022.

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

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41),  and 2 in total exports ($1.95T). That same year, Turks and Caicos Islands ranked 204 in total exports ($41.4M), and does not have data regarding Economic Complexity Index.

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (68) were at the forefront of exporting goods from Turks and Caicos Islands to the United States. Conversely, ADCOM WORLD WIDE (68) were notable for importing Turks and Caicos Islands products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $51M and imported $962k from Turks and Caicos Islands, resulting in a positive trade balance of $50.1M. Between January 2023 and January 2024 the exports of United States have increased by $5.55M (12.2%) from $45.5M to $51M, while imports increased by $193k (25%) from $770k to $962k.

Trade In January 2024, the top exports of United States to Turks and Caicos Islands were Commodities not elsewhere specified ($18.6M), Refined Petroleum ($5.23M), Cars ($1.27M), Metal Mountings ($975k), and Jewellery ($735k). In January 2024 the top imports of United States from Turks and Caicos Islands were Computers ($341k), Commodities not elsewhere specified ($267k), Molluscs ($83.7k), Crustaceans ($48.6k), and E-waste and scrap ($10.8k).

Origins In January 2024 the exports of United States were mainly from Florida ($22.7M), Georgia ($2.74M), New York ($1.3M), US Virgin Islands ($677k), and California ($649k), while imports destinations were mainly Florida ($558k), Georgia ($225k), New York ($79.7k), and New Jersey ($29.9k).

Growth In January 2024, the increase in United States's year-by-year exports to Turks and Caicos Islands was explained primarily by an increase in product exports in Commodities not elsewhere specified ($5.31M or 40%), Refined Petroleum ($1.65M or 46.1%), and Metal Mountings ($917k or 1.57k%). In January 2024, the increase in United States's year-by-year imports  from Turks and Caicos Islands was explained primarily by an increase in product imports  in E-waste and scrap ($4.68k or 76.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$5.55M(12.2%)
IMPORT GROWTH (January 2023 - January 2024)$193k(25%)
MAIN EXPORTER (January 2024)Florida$22.7M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Turks and Caicos Islands and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $332M to Turks and Caicos Islands. The main products exported from United States to Turks and Caicos Islands were Refined Petroleum ($61.9M), Cars ($12.1M), and Poultry Meat ($7.88M). During the last 27 years the exports of United States to Turks and Caicos Islands have increased at an annualized rate of 11.1%, from $19.2M in 1995 to $332M in 2022.

In 2022, Turks and Caicos Islands exported $5.39M to United States. The main products exported from Turks and Caicos Islands to United States were Molluscs ($2.34M), Crustaceans ($1.54M), and Office Machine Parts ($468k). During the last 27 years the exports of Turks and Caicos Islands to United States have increased at an annualized rate of 0.31%, from $4.96M in 1995 to $5.39M in 2022.

Exports from United States (Flag) to Turks and Caicos Islands (Flag) (2022)

Exports from Turks and Caicos Islands (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Turks and Caicos Islands
Top DestinationTogo$25.1M

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

In 2021, countries that imported more from United States than Turks and Caicos Islands were Canada ($308B), Mexico ($294B), and China ($151B).

In 2019, no countries were registered that imported more from Turks and Caicos Islands than from United States.

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

Comparative Advantage United States - Turks and Caicos Islands

Flow
Scale

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

During 2022, United States had a large net trade with Turks and Caicos Islands in the exports of Mineral Products ($65.4M), Machines ($42.2M), and Animal Products ($31M).

During 2022, Turks and Caicos Islands had a large net trade with United States in the exports of Animal Products ($3.89M), Machines ($843k), and Metals ($353k).

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 United States 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 United States.

Product Space of United States (Flag) and Turks and Caicos Islands (Flag) (2022)

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