Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Turks and Caicos Islands

Turks and Caicos Islands ranked No. 134 in total trade value through October with a total of $306.01 million. Exports totaled $298.1 million and Imports totaled $7.9 million, a surplus of $290.2 million.

January – October 2018

Top Trading Ports

Total Trade: $306.01 million

RankPortTotal YTD
1Low-Valued Imports and Exports $124,428,232
2Port of Palm Beach, Fla. $85,278,079
3Port Everglades, Fla. $70,665,756
4Miami International Airport $11,446,742
5Port Miami $6,412,085
6Port of New Orleans $2,225,780
7John F. Kennedy International Airport $728,519
8Port of San Juan, Puerto Rico $638,018
9Port of Port Canaveral, Fla. $612,349
10Port Laredo $587,958

U.S. trade with Turks and Caicos Islands rose to $306.01 million through October

Turks and Caicos Islands’s trade with the United States rose to $306.01 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.17 percent above its total trade during the same time period last year. Turks and Caicos Islands’s exports increased 6.92 percent while imports rose 17.71 percent. The U.S. surplus with Turks and Caicos Islands was $290.2 million.

Through October, 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 Port Miami and No. 5 Miami International Airport. In the current time period, the top five accounted for 97.46 percent of Turks and Caicos Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports rose 6.34 percent to $124.43 million.
    Exports rose 6.34 percent to $124.43 million. There were no imports.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 2.48 percent to $85.28 million.
    Exports fell 3.5 percent to $82.67 million. Imports rose 47.03 percent to $2.6 million.
  • Trade with No. 3 Port Everglades, Fla. rose 25.4 percent to $70.67 million.
    Exports rose 24.28 percent to $69.8 million. Imports rose 351.5 percent to $864,498.
  • Trade with No. 4 Miami International Airport rose 35.25 percent to $11.45 million.
    Exports rose 46.88 percent to $9.72 million. Imports fell 6.42 percent to $1.73 million.
  • Trade with No. 5 Port Miami fell 32.37 percent to $6.41 million.
    Exports fell 24.56 percent to $6 million. Imports fell 72.99 percent to $413,270.

Turks and Caicos Islands ranked No. 134 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 127.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Turks and Caicos Islands by value through October were the categories of Low value shipments; Gasoline, other fuels; Jewelry, parts; Motor vehicles for transporting people; and Frozen beef, respectively. They accounted for 55.17 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; Mussels, scallops, other mollusks; Shrimp, other crustaceans; Sutures, dental cements, etc.; and Salvage –– accounted for 88.43 percent of all inbound shipments.

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

  • Low value shipments rose 6.34 percent compared to last year to $124.43 million.
  • Gasoline, other fuels rose 18.2 percent compared to last year to $22.73 million.
  • Jewelry, parts fell 0.87 percent compared to last year to $7.61 million.
  • Motor vehicles for transporting people rose 5.27 percent compared to last year to $5.68 million.
  • Frozen beef rose 14.76 percent compared to last year to $4.02 million.

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

  • Value added to a returned import rose 6.11 percent compared to last year to $4.27 million.
  • Mussels, scallops, other mollusks rose 117.29 percent compared to last year to $1.61 million.
  • Shrimp, other crustaceans fell 30.05 percent compared to last year to $453,980.
  • Sutures, dental cements, etc. totaled $410,227. The previous year, there were no imports in this category.
  • Salvage fell 16.77 percent compared to last year to $249,887.

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.