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Turks and Caicos Islands

Turks and Caicos Islands ranked No. 130 in total trade value through February with a total of $55.58 million. Exports totaled $54.76 million and Imports totaled $820,377, a surplus of $53.94 million.

January – February 2019

Top Trading Ports

Total Trade: $55.58 million

RankPortTotal YTD
1Low-Valued Imports and Exports $22,948,475
2Port of Palm Beach, Fla. $14,087,284
3Port Everglades, Fla. $13,947,715
4Miami International Airport $1,839,253
5Port Miami $1,118,370
6John F. Kennedy International Airport $574,763
7Port of New Orleans $491,207
8Port of Port Canaveral, Fla. $164,204
9Port of San Juan, Puerto Rico $111,831
10Low Value $76,615

U.S. trade with Turks and Caicos Islands rose to $55.58 million through February

Turks and Caicos Islands’s trade with the United States rose to $55.58 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.82 percent below its total trade during the same time period last year. Turks and Caicos Islands’s exports decreased 16.47 percent while imports fell 34.87 percent. The U.S. surplus with Turks and Caicos Islands was $53.94 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Low-Valued Imports and Exports; No. 2 Port of Palm Beach, Fla.; No. 3 Port Everglades, Fla.; No. 4 Miami International Airport; and No. 5 Port Miami. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports No. 2 Port of Palm Beach, Fla. No. 3 Port Everglades, Fla. No. 4 Miami International Airport and No. 5 Port Miami. In the current time period, the top five accounted for 97.06 percent of Turks and Caicos Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports fell 14.85 percent to $22.95 million.
    Exports fell 14.85 percent to $22.95 million. There were no imports.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 29.48 percent to $14.09 million.
    Exports fell 26.69 percent to $14.07 million. Imports fell 97.99 percent to $15,750.
  • Trade with No. 3 Port Everglades, Fla. fell 3.58 percent to $13.95 million.
    Exports fell 4.61 percent to $13.76 million. Imports rose 341.05 percent to $190,281.
  • Trade with No. 4 Miami International Airport fell 26.07 percent to $1.84 million.
    Exports fell 34.12 percent to $1.58 million. Imports rose 179.16 percent to $262,149.
  • Trade with No. 5 Port Miami fell 12.93 percent to $1.12 million.
    Exports fell 11.09 percent to $1.07 million. Imports fell 39.49 percent to $50,260.

Turks and Caicos Islands ranked No. 130 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 125.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Turks and Caicos Islands by value through February were the categories of Low value shipments; Gasoline, other fuels; Motor vehicles for transporting people; Jewelry, parts; and Furniture, parts, respectively. They accounted for 57.43 percent of total exports to Turks and Caicos Islands.

The value of the top five categories of U.S. imports from Turks and Caicos Islands –– Value added to a returned import; Salvage; Jewelry, parts; Motor vehicle parts; and Computer parts –– accounted for 94.79 percent of all inbound shipments.

Looking more closely at U.S. exports to Turks and Caicos Islands:

  • Low value shipments fell 14.85 percent compared to last year to $22.95 million.
  • Gasoline, other fuels fell 20.56 percent compared to last year to $3.74 million.
  • Motor vehicles for transporting people rose 72.7 percent compared to last year to $1.99 million.
  • Jewelry, parts fell 27.79 percent compared to last year to $1.87 million.
  • Furniture, parts rose 2.06 percent compared to last year to $893,768.

Looking more closely at U.S. imports from Turks and Caicos Islands:

  • Value added to a returned import rose 89.97 percent compared to last year to $613,621.
  • Salvage rose 248.12 percent compared to last year to $76,615.
  • Jewelry, parts totaled $43,559. The previous year, there were no imports in this category.
  • Motor vehicle parts totaled $23,710. The previous year, there were no imports in this category.
  • Computer parts totaled $20,129. The previous year, there were no imports in this category.

In the latest annual figures available, Turks and Caicos Islands recorded $378.36 million in trade with the United States. At year’s end, its were Miami; Low Value Shipments; New Orleans; Jacksonville/Tampa; and New York City. Total U.S. exports to Turks and Caicos Islands were $ 369.91 million and imports from Turks and Caicos Islands were $8.45 million. The U.S. surplus with Turks and Caicos Islands was $361.46 million.