Products Imported from China to Turks and Caicos Islands

In the calendar year of 2023, China exported goods worth US$9.19 million to Turks and Caicos Islands. Among the main exports from China to Turks and Caicos Islands were Air Conditioners (US$849,000), Semiconductor Devices (US$678,000), Insulated Wire (US$587,000), Aluminum Structures (US$578,156) and Rubber Tires (US$522,187). Over the span of 28 years, China’s exports to Turks and Caicos Islands have grown steadily at an annualized rate of 25.6%, rising from US$19,600 in 1995 to US$9.19 million in 2023.

List of All Products That Were Imported from China to Turks and Caicos Islands

The table below presents a comprehensive list of all commodities that were exported from China to Turks and Caicos Islands in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Turks and Caicos Islands market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Turks and Caicos Islands.

Trade Agreements between China and Turks and Caicos Islands

China and the Turks and Caicos Islands do not have formal bilateral trade agreements, as the Turks and Caicos Islands are a British Overseas Territory and thus are represented by the United Kingdom in matters of foreign policy and trade agreements. However, economic interactions may occur through broader agreements or arrangements that involve the UK or through indirect trade relationships. Here’s an outline of possible frameworks:

1. Indirect Trade Relations:
   • Trade between China and the Turks and Caicos Islands would generally occur within the framework of international trade laws and through the trade agreements that the UK has with China. This includes any trade provisions that affect British territories indirectly.
2. Investment and Development:
   • While specific agreements might not be in place, Chinese investment in Caribbean regions has been growing, focusing on infrastructure and tourism. Although direct involvement in Turks and Caicos isn’t specified, regional trends include Chinese engagement in development projects.
3. Multilateral Engagements:
   • As a part of the British Overseas Territories, Turks and Caicos may benefit indirectly from any multilateral or international agreements or forums that the UK participates in with China, such as those related to trade facilitation, environmental agreements, or global economic discussions.
4. Tourism and Real Estate:
   • There might be indirect investment from Chinese investors in the real estate and tourism sectors, which are significant to the economy of the Turks and Caicos Islands. However, these would not be formalized through trade agreements but rather through private investment channels.

Thus, while direct trade agreements between China and the Turks and Caicos Islands do not exist due to the political status of the islands, economic interactions may still occur within these broader contexts.