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Turks and Caicos – Trade Statistics

  • The top exports of the Turks and Caicos Islands are Refined Petroleum ($4.2M), Molluscs ($1.88M), Plastic Pipes ($1.86M), Crustaceans ($1.68M) and Ferroalloys ($1.08M), etc. The net export value is $19.2M.
  • The top export destinations of the Turks and Caicos Islands are the United States ($4.39M), the Bahamas ($4.3M), Ethiopia ($1.87M), the Central African Republic ($1.08M) and Ireland ($1.02M).
  • The top imports are Refined Petroleum ($39.8M), Cars ($11.9M), Soybeans ($7.81M), Wine ($4.27M) and Jewellery ($4.23M), etc. The net import value is $207M.
  • The top import origins are the United States ($159M), Brazil ($8.19M), Switzerland ($4.08M), Japan ($3.81M) and the United Kingdom ($3.4M).
  • There are no restrictions on foreign investment and the government has a successful open-arms inward investment policy. The Government Investment Unit carries out certain due diligence checks on potential investors. All businesses require a business licence and there are a number of categories of business licence which, except in exceptional circumstances, are limited to Turks and Caicos Islanders (for example, retail, trucking and car sales). Typically, large scale investments do not face any difficulty acquiring a business licence. There are no restrictions on foreign investment in TCI real estate. There are no restrictions on foreign shareholders (apart from in the business categories mentioned above).