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Turks and Caicos Islands

Turks and Caicos Islands ranked No. 130 in total trade value through September with a total of $254.18 million. Exports totaled $250.07 million and Imports totaled $4.11 million, a surplus of $245.96 million.

January – September 2019

Top Trading Ports

Total Trade: $254.18 million

RankPortTotal YTD
1Low-Valued Imports and Exports $104,972,295
2Port of Palm Beach, Fla. $71,506,419
3Port Everglades, Fla. $59,292,247
4Miami International Airport $6,335,716
5Port Miami $5,587,616
6Port of New Orleans $1,901,604
7John F. Kennedy International Airport $1,517,646
8Hartsfield-Jackson Atlanta International Airport $784,745
9Port of Port Canaveral, Fla. $492,186
10Christiansted Port Terminal, U.S. Virgin Islands $352,457

U.S. trade with Turks and Caicos Islands rose to $254.18 million through September

Turks and Caicos Islands’s trade with the United States rose to $254.18 million through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.5 percent below its total trade during the same time period last year. U.S. exports to Turks and Caicos Islands decreased 7.6 percent while U.S. imports from Turks and Caicos Islands fell 42.71 percent. The U.S. surplus with Turks and Caicos Islands was $245.96 million.

Through September, 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 97.45 percent of Turks and Caicos Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Low-Valued Imports and Exports fell 6.99 percent to $104.97 million.
    Exports fell 6.99 percent to $104.97 million. There were no imports.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 8.04 percent to $71.51 million.
    Exports fell 6.66 percent to $70.36 million. Imports fell 51.74 percent to $1.15 million.
  • Trade with No. 3 Port Everglades, Fla. fell 6.72 percent to $59.29 million.
    Exports fell 6.42 percent to $58.68 million. Imports fell 28.24 percent to $608,739.
  • Trade with No. 4 Miami International Airport fell 40.67 percent to $6.34 million.
    Exports fell 41.27 percent to $5.39 million. Imports fell 37.02 percent to $941,765.
  • Trade with No. 5 Port Miami fell 3.3 percent to $5.59 million.
    Exports fell 1.1 percent to $5.36 million. Imports fell 36.13 percent to $232,051.

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. 133.

Meanwhile, total U.S. trade with the world increased to $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Turks and Caicos Islands by value through September were the categories of Low value shipments; Gasoline, other fuels; Motor vehicles for transporting people; Jewelry, parts; and Furniture, parts, respectively. They accounted for 55.22 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 89.45 percent of all inbound shipments.

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

  • Low value shipments fell 6.99 percent compared to last year to $104.97 million.
  • Gasoline, other fuels fell 16.9 percent compared to last year to $17.5 million.
  • Motor vehicles for transporting people rose 25.46 percent compared to last year to $6.3 million.
  • Jewelry, parts fell 32.67 percent compared to last year to $4.79 million.
  • Furniture, parts rose 31.13 percent compared to last year to $4.52 million.

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

  • Value added to a returned import fell 35.25 percent compared to last year to $2.47 million.
  • Mussels, scallops, other mollusks fell 62.86 percent compared to last year to $596,175.
  • Salvage rose 33.13 percent compared to last year to $285,813.
  • Shrimp, other crustaceans rose 4.1 percent compared to last year to $262,600.
  • 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.

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