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Turks and Caicos Islands trade in 2024

In 2024, the Turks and Caicos Islands exported $26 million and imported $577 million, a trade deficit of $551 million. It was the world's 207th-largest exporter, with 0% of world exports. Its top export was refined petroleum (20.5% of the total) and its main trading partner was the United States (67.4% of its trade).

Summary

Exports
$26million
Imports
$577million
Trade balance
-$551million
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Refined petroleum (20.5%) and carbonates (18.5%) together make up 39.1% of its exports.

  1. Refined petroleum$5 million · 20.5%
    Main partner: Benin
  2. Carbonates$5 million · 18.5%
    Main partner: Czechia
  3. Polyethers, polyesters and epoxy resins$3 million · 12.1%
    Main partner: Zimbabwe
  4. Crustaceans (shrimp, lobster, crab)$2 million · 7.2%
    Main partner: United States
  5. Centrifuges and filters$2 million · 6.1%
    Main partner: Central African Republic
  6. Mollusks (squid, mussels, oysters)$1 million · 5.7%
    Main partner: United States
  7. Alloy steel wire rod$755 thousand · 2.9%
    Main partner: Guyana
  8. Natural gas and LPG$517 thousand · 2%
    Main partner: Bahamas
  9. Video game consoles and games$473 thousand · 1.8%
    Main partner: Poland
  10. Other industrial machines$338 thousand · 1.3%
    Main partner: United States

What it imports

Refined petroleum (8.1%) and cars (6%) together make up 14.1% of its imports.

  1. Refined petroleum$47 million · 8.1%
    Main partner: United States
  2. Cars$35 million · 6%
    Main partner: United States
  3. Prefabricated buildings$21 million · 3.7%
    Main partner: Poland
  4. Furniture$20 million · 3.4%
    Main partner: United States
  5. Aluminum structures$11 million · 2%
    Main partner: Italy
  6. Cement$11 million · 2%
    Main partner: Dominican Republic
  7. Jewelry$9 million · 1.6%
    Main partner: United States
  8. Cargo and cruise ships$9 million · 1.6%
    Main partner: Turkey
  9. Frozen beef$9 million · 1.6%
    Main partner: United States
  10. Steel bars$9 million · 1.5%
    Main partner: Dominican Republic
By Harmonized System chapter (91)
ChapterExportsImports
27 · Oil, gas and coal$6 million$49 million
28 · Inorganic chemicals$5 million$1 million
03 · Fish and seafood$3 million$5 million
39 · Plastics$3 million$17 million
84 · Mechanical machinery$3 million$53 million
72 · Iron and steel$1 million$11 million
95 · Toys and sports gear$473 thousand$4 million
85 · Electrical and electronic equipment$462 thousand$27 million
11 · Milling products and malt$329 thousand$728 thousand
61 · Knitted clothing$223 thousand$3 million
94 · Furniture and lighting$164 thousand$54 million
73 · Iron and steel products$160 thousand$16 million
90 · Precision and medical instruments$139 thousand$5 million
21 · Food preparations$135 thousand$4 million
71 · Gems and precious metals$130 thousand$18 million
22 · Beverages and spirits$129 thousand$24 million
76 · Aluminum$127 thousand$14 million
44 · Wood$118 thousand$21 million
38 · Miscellaneous chemicals$112 thousand$4 million
20 · Preserved fruit and vegetables$109 thousand$6 million
68 · Stone, plaster and cement articles$101 thousand$11 million
83 · Miscellaneous metal goods$99 thousand$8 million
87 · Vehicles$89 thousand$51 million
02 · Meat and offal$80 thousand$24 million
40 · Rubber$78 thousand$2 million
08 · Fruit and nuts$73 thousand$10 million
74 · Copper$69 thousand$2 million
19 · Baked goods and cereal products$68 thousand$5 million
31 · Fertilizers$62 thousand$240 thousand
69 · Ceramics$55 thousand$7 million
80 · Tin$48 thousand$7 thousand
34 · Soap and cleaning products$45 thousand$4 million
55 · Synthetic staple fibers$45 thousand$143 thousand
48 · Paper and paperboard$40 thousand$5 million
62 · Woven clothing$39 thousand$2 million
15 · Fats and oils$38 thousand$2 million
24 · Tobacco$37 thousand$945 thousand
18 · Cocoa and chocolate$36 thousand$510 thousand
30 · Pharmaceuticals$33 thousand$5 million
33 · Perfumes and cosmetics$32 thousand$5 million
57 · Carpets and rugs$25 thousand$956 thousand
52 · Cotton$20 thousand$40 thousand
82 · Tools and cutlery$19 thousand$728 thousand
17 · Sugar and sweets$18 thousand$1 million
32 · Dyes, paints and tanning agents$18 thousand$4 million
49 · Books and printed matter$17 thousand$1 million
07 · Vegetables$16 thousand$7 million
97 · Art and antiques$14 thousand$242 thousand
58 · Special fabrics and lace$12 thousand$138 thousand
54 · Synthetic filaments$11 thousand$77 thousand
42 · Leather goods and bags$11 thousand$2 million
70 · Glass$10 thousand$7 million
04 · Dairy, eggs and honey$10 thousand$9 million
06 · Live plants and flowers$10 thousand$3 million
88 · Aircraft and spacecraft$9 thousand$20 thousand
63 · Home textiles and used clothing$6 thousand$4 million
64 · Footwear$6 thousand$350 thousand
35 · Glues, starches and enzymes$5 thousand$420 thousand
89 · Ships and boats$5 thousand$18 million
59 · Coated and technical textiles$2 thousand$155 thousand
86 · Railway equipment$2 thousand$617 thousand
01 · Live animals$2 thousand$21 thousand
25 · Salt, stone and cement$1 thousand$14 million
29 · Organic chemicals$1 thousand$294 thousand
96 · Other manufactured goods$1 thousand$358 thousand
92 · Musical instruments$586$26 thousand
37 · Photographic goods$559$542
65 · Hats$245$540 thousand
12 · Oilseeds and grains$195$295 thousand
75 · Nickel$133$71 thousand
53 · Other plant fibers$95$12 thousand
91 · Watches and clocks$0$9 million
16 · Prepared meat and fish$0$3 million
10 · Cereals$0$3 million
09 · Coffee, tea and spices$0$980 thousand
66 · Umbrellas and canes$0$754 thousand
23 · Animal feed and food waste$0$664 thousand
81 · Other base metals$0$608 thousand
14 · Other plant products$0$152 thousand
36 · Explosives and matches$0$147 thousand
93 · Weapons and ammunition$0$144 thousand
45 · Cork$0$133 thousand
56 · Felt, nonwovens and rope$0$111 thousand
60 · Knitted fabric$0$76 thousand
78 · Lead$0$70 thousand
67 · Feathers and artificial flowers$0$59 thousand
46 · Wicker and basketware$0$37 thousand
05 · Other animal products$0$37 thousand
79 · Zinc$0$19 thousand
13 · Gums and plant extracts$0$4 thousand
50 · Silk$0$4 thousand

Trading partners

Its main destination is Benin (20.5% of exports) and its main source is the United States (69.6% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
Benin5.420.5%Sea
United States5.320.1%Sea
Czechia518.9%Sea
Zimbabwe3.212.1%Sea
Central African Republic2.710.1%Sea
Poland0.783%—
Guyana0.762.9%—
Bahamas0.582.2%—
Slovakia0.311.2%—
France0.271%—

Who it buys from

PartnerValue (USD millions)ShareMode
United States40269.6%Sea
Dominican Republic30.15.2%Sea
Poland20.43.5%Sea
China17.73.1%Sea
Japan13.32.3%Sea
Italy12.12.1%Sea
Switzerland12.12.1%Air
Canada10.21.8%Sea
Turkey9.81.7%Sea
United Kingdom9.31.6%Air

Overview 1995–2024

In 2024, the Turks and Caicos Islands accounted for 0% of world exports, compared with 0% in 1995.

Exports and imports

Exports doubled since 1995

USD millions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 26.4
  • Imports 577
  • Balance -551

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$13 million$38 million-$25 million
1996$20 million$44 million-$25 million
1997$10 million$50 million-$41 million
1998$8 million$50 million-$41 million
1999$17 million$176 million-$159 million
2000$8 million$90 million-$82 million
2001$11 million$95 million-$84 million
2002$25 million$98 million-$73 million
2003$32 million$117 million-$85 million
2004$30 million$133 million-$102 million
2005$30 million$202 million-$171 million
2006$51 million$303 million-$252 million
2007$89 million$320 million-$230 million
2008$67 million$346 million-$278 million
2009$25 million$181 million-$156 million
2010$27 million$172 million-$145 million
2011$50 million$301 million-$251 million
2012$106 million$335 million-$229 million
2013$52 million$178 million-$126 million
2014$31 million$214 million-$183 million
2015$45 million$207 million-$162 million
2016$45 million$218 million-$173 million
2017$29 million$261 million-$233 million
2018$44 million$313 million-$269 million
2019$185 million$279 million-$94 million
2020$103 million$209 million-$106 million
2021$48 million$303 million-$254 million
2022$54 million$443 million-$390 million
2023$23 million$487 million-$465 million
2024$26 million$577 million-$551 million

World rank

The Turks and Caicos Islands fell from 193rd to 207th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 193rd in 1995
  • 207th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995193rd
1996191st
1997200th
1998198th
1999194th
2000210th
2001207th
2002201st
2003196th
2004195th
2005199th
2006195th
2007192nd
2008196th
2009203rd
2010202nd
2011202nd
2012195th
2013203rd
2014206th
2015200th
2016202nd
2017208th
2018204th
2019186th
2020196th
2021201st
2022201st
2023211th
2024207th

What it sells

Oil, gas and coal became its top export group: from 1% to 22%

% of exports by Harmonized System chapter.

  • Other 13%
  • Electrical and electronic equipment 2%
  • Toys and sports gear 2%
  • Iron and steel 5%
  • Mechanical machinery 12%
  • Plastics 13%
  • Fish and seafood 13%
  • Inorganic chemicals 19%
  • Oil, gas and coal 22%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal1.4%22.5%
Inorganic chemicals1.7%18.5%
Fish and seafood49.2%13%
Plastics0%12.6%
Mechanical machinery0.07%12.2%
Iron and steel0.11%5.1%
Toys and sports gear0%1.8%
Electrical and electronic equipment0.09%1.8%
Other47.5%12.5%

Who it trades with

The United States went from 47% to 67% of the Turks and Caicos Islands' trade

% of total trade (exports + imports) with each partner.

  • United States 67%
  • Dominican Republic 5%
  • Poland 4%
  • China 3%
  • Japan 2%

Source: CEPII BACI

Show the numbers
Partner19952024
United States46.7%67.4%
Dominican Republic0%5%
Poland0%3.5%
China0.04%2.9%
Japan1.4%2.2%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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