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Turks and Caicos Islands

Turks and Caicos Islands ranked No. 131 in total trade value through August with a total of $230.35 million. Exports totaled $226.88 million and Imports totaled $3.47 million, a surplus of $223.41 million.

January – August 2019

Top Trading Ports

Total Trade: $230.35 million

RankPortTotal YTD
1Low-Valued Imports and Exports $95,229,807
2Port of Palm Beach, Fla. $65,283,239
3Port Everglades, Fla. $52,680,570
4Miami International Airport $5,781,570
5Port Miami $5,223,773
6Port of New Orleans $1,690,681
7John F. Kennedy International Airport $1,517,646
8Hartsfield-Jackson Atlanta International Airport $781,763
9Port of Port Canaveral, Fla. $448,028
10Christiansted Port Terminal, U.S. Virgin Islands $352,457

U.S. trade with Turks and Caicos Islands rose to $230.35 million through August

Turks and Caicos Islands’s trade with the United States rose to $230.35 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 9.53 percent below its total trade during the same time period last year. U.S. exports to Turks and Caicos Islands decreased 8.71 percent while U.S. imports from Turks and Caicos Islands fell 42.98 percent. The U.S. surplus with Turks and Caicos Islands was $223.41 million.

Through August, 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 97.33 percent of Turks and Caicos Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports fell 8.03 percent to $95.23 million.
    Exports fell 8.03 percent to $95.23 million. There were no imports.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 9.32 percent to $65.28 million.
    Exports fell 7.42 percent to $64.59 million. Imports fell 68.89 percent to $690,330.
  • Trade with No. 3 Port Everglades, Fla. fell 9.36 percent to $52.68 million.
    Exports fell 9.04 percent to $52.1 million. Imports fell 31.38 percent to $582,115.
  • Trade with No. 4 Miami International Airport fell 37.81 percent to $5.78 million.
    Exports fell 40.13 percent to $4.89 million. Imports fell 21.05 percent to $891,613.
  • Trade with No. 5 Port Miami fell 3.92 percent to $5.22 million.
    Exports fell 1.92 percent to $5 million. Imports fell 33.9 percent to $225,046.

Turks and Caicos Islands ranked No. 131 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 132.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Turks and Caicos Islands by value through August were the categories of Low value shipments; Gasoline, other fuels; Motor vehicles for transporting people; Jewelry, parts; and Furniture, parts, respectively. They accounted for 55.28 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; Salvage; Shrimp, other crustaceans; and Equipment, models for demonstrational uses –– accounted for 87.97 percent of all inbound shipments.

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

  • Low value shipments fell 8.03 percent compared to last year to $95.23 million.
  • Gasoline, other fuels fell 17.26 percent compared to last year to $15.91 million.
  • Motor vehicles for transporting people rose 26.79 percent compared to last year to $5.66 million.
  • Jewelry, parts fell 29.11 percent compared to last year to $4.62 million.
  • Furniture, parts rose 26.01 percent compared to last year to $3.99 million.

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

  • Value added to a returned import fell 30.68 percent compared to last year to $2.32 million.
  • Mussels, scallops, other mollusks fell 78.87 percent compared to last year to $339,125.
  • Salvage rose 44.95 percent compared to last year to $265,814.
  • Shrimp, other crustaceans fell 19.74 percent compared to last year to $72,040.
  • Equipment, models for demonstrational uses totaled $60,482. 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.