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Who does Curaçao rely on?

The largest supplier of Curaçao in 2024 is the United States, with 47.3% of what Curaçao buys. Its share was 37.1% in 2019 and 18.7% in 1995. 108 of the 203 products Curaçao buys for more than $1 million have a supplier selling more than 50% of what Curaçao buys of that product; in 46, more than 75%. In those products, purchases from each one’s dominant supplier add up to 52.4% of what Curaçao buys.

Summary

Largest supplier: United States
47.3%
Concentration (HHI)
2,740
Products with a supplier above 50%
108
Products with a supplier above 75%
46

Concentration index (HHI): 2,740 out of 10,000; equivalent to splitting purchases among 4 suppliers of the same size

Trend

Trend in shares

The United States went from 18.7% to 47.3% of what Curaçao buys

Share (%)

  • United States 47.3%
  • Netherlands 21.1%
  • China 5.4%
  • Brazil 3%
  • Japan 2%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995Venezuela36.9%
1996Venezuela38.2%
1997Venezuela37.1%
1998Venezuela42%
1999Venezuela39.9%
2000Venezuela40.5%
2001Venezuela34.7%
2002Venezuela40.4%
2003Venezuela66.3%
2004Venezuela41.1%
2005Venezuela48.1%
2006Venezuela51.4%
2007United States32.8%
2008Venezuela69.6%
2009United States42.9%
2010Brazil32.3%
2011Brazil25.3%
2012Brazil28.7%
2013Brazil31.5%
2014Brazil30.6%
2015Brazil23.9%
2016United States49.1%
2017United States46.6%
2018United States34.6%
2019United States37.1%
2020United States37%
2021United States30.9%
2022United States34.5%
2023United States37.5%
2024United States47.3%

Its suppliers

  1. United States$768 million · 47.3%
  2. Netherlands$342 million · 21.1%
  3. China$87 million · 5.4%
  4. Brazil$49 million · 3%
  5. Japan$32 million · 2%
  6. Colombia$31 million · 1.9%
  7. Armenia$27 million · 1.7%
  8. Germany$22 million · 1.3%
  9. Belgium$21 million · 1.3%
  10. India$18 million · 1.1%

Some of these goods may have been produced in another country: countries record origin in different ways.

Products with a dominant supplier

Of the 203 products Curaçao buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Refined petroleumUnited States95.1%over 75%Belgium · 3%$426 million
Cables and wireUnited States86.7%over 75%Netherlands · 7.2%$44 million
Cameras and broadcast equipmentUnited States94.6%over 75%Canada · 2.6%$33 million
Other food preparationsNetherlands52.7%United States · 31.2%$30 million
Medicines in measured doses or retail packsNetherlands62.9%India · 9.5%$28 million
Parts for cranes and excavatorsUnited States86.9%over 75%Netherlands · 4.3%$25 million
FurnitureNetherlands71.1%United States · 5.5%$21 million
Poultry meatBrazil76.7%over 75%United States · 18.7%$20 million
BeerNetherlands74.5%United States · 18.6%$17 million
Sauces and condimentsNetherlands70.6%United States · 22.2%$16 million
Other industrial machinesNetherlands55.5%Denmark · 18.2%$16 million
Steel structuresNetherlands54.8%Spain · 20.4%$14 million
Pet and animal feedNetherlands56.6%United States · 17.9%$14 million
ComputersUnited States71.1%Canada · 8.1%$13 million
CheeseNetherlands67.6%United States · 29.5%$12 million
Medical and dental instrumentsNetherlands64.6%United States · 25.5%$12 million
Low-voltage switches and connectorsNetherlands77.6%over 75%United States · 11.7%$11 million
BatteriesChina63.9%Colombia · 10.6%$11 million
Valves and tapsUnited States66.6%Netherlands · 16%$11 million
Auto partsUnited States59.4%Netherlands · 26%$10 million
Fresh beefBrazil70.8%United States · 28.3%$9 million
3D printersNetherlands85.3%over 75%United States · 6.1%$8 million
Computer and office machine partsUnited States87.8%over 75%Brunei · 5.2%$8 million
Women's suits and dressesChina81.6%over 75%India · 8%$8 million
BusesJapan50.5%South Korea · 17.5%$7 million

and 83 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Some of these goods may have been produced in another country: countries record origin in different ways.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: Armenia
69.6%
Concentration (HHI)
4,962

Concentration index (HHI): 4,962 out of 10,000; equivalent to splitting sales among 2 customers of the same size

Trend in shares

Armenia went from 0% to 69.6% of what Curaçao sells

Share (%)

  • Armenia 69.6%
  • Netherlands 7.5%
  • United States 7%
  • Guyana 2.8%
  • Paraguay 1.6%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United States21.1%
1996United States39.3%
1997United States38.1%
1998United States22.3%
1999United States27.1%
2000United States35.2%
2001United States24.6%
2002United States24.2%
2003United States37.6%
2004United States19.4%
2005United States25.5%
2006United States25.9%
2007United States16.6%
2008United States19.3%
2009Venezuela24.6%
2010Singapore21.9%
2011Singapore21.5%
2012United States19.6%
2013Nicaragua19.9%
2014Brazil25.2%
2015Switzerland22.3%
2016Switzerland33.7%
2017Switzerland27.1%
2018Switzerland17.6%
2019Switzerland22.5%
2020Singapore15.7%
2021Costa Rica13.5%
2022Armenia33.8%
2023Armenia57%
2024Armenia69.6%

45 of the 51 products Curaçao sells for more than $1 million have a customer buying more than 50% of what Curaçao sells of that product; in 35, more than 75%. In those products, sales to each one’s dominant customer add up to 64.7% of what Curaçao sells.

ProductCustomerShareSecondValue
DiamondsArmenia100%over 75%—$86 million
Other industrial machinesNetherlands94.7%over 75%Armenia · 2.3%$15 million
GoldArmenia95.2%over 75%United States · 4.8%$15 million
Cameras and broadcast equipmentArmenia99.3%over 75%Angola · 0.22%$12 million
Petroleum coke and bitumenUnited States100%over 75%Netherlands · 0%$12 million
Ferrous scrapTaiwan68.9%India · 10%$5 million
Gas, water and electricity metersArmenia100%over 75%Greece · 0.02%$5 million
FurnitureNetherlands56.3%Armenia · 42.6%$5 million
Poultry meatArmenia100%over 75%Montserrat · 0.01%$5 million
Live pigsArmenia100%over 75%—$5 million
Auto partsArmenia96.1%over 75%Montserrat · 1.2%$4 million
Low-voltage switches and connectorsUnited States65%Armenia · 8.3%$4 million
ComputersArmenia97.1%over 75%Angola · 0.74%$4 million
Special-purpose vehiclesArmenia100%over 75%—$4 million
Other iron or steel articlesArmenia86.3%over 75%Norway · 5.5%$3 million

and 30 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
27Armenia2,929
28Guinea2,746
29Curaçao2,740
30Canada2,682
31South Sudan2,541
32Eritrea2,476

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.