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Who does Equatorial Guinea rely on?

The largest supplier of Equatorial Guinea in 2024 is China, with 16.8% of what Equatorial Guinea buys. Its share was 11.2% in 2019 and 2.9% in 1995. 101 of the 164 products Equatorial Guinea buys for more than $1 million have a supplier selling more than 50% of what Equatorial Guinea buys of that product; in 40, more than 75%. In those products, purchases from each one’s dominant supplier add up to 43.9% of what Equatorial Guinea buys.

Summary

Largest supplier: China
16.8%
Concentration (HHI)
820
Products with a supplier above 50%
101
Products with a supplier above 75%
40

Concentration index (HHI): 820 out of 10,000; equivalent to splitting purchases among 12 suppliers of the same size

Trend

Trend in shares

China went from 2.9% to 16.8% of what Equatorial Guinea buys

Share (%)

  • China 16.8%
  • Spain 15.4%
  • United States 9.2%
  • Angola 9.1%
  • United Kingdom 5.8%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995Cameroon30.4%
1996France24.5%
1997United States27.2%
1998United States38.4%
1999United States59.9%
2000United States34.1%
2001United States26.1%
2002United States25.6%
2003United States31.6%
2004United States31.6%
2005United States27.4%
2006United States37.3%
2007United States16.6%
2008China16.4%
2009Nigeria64.2%
2010Nigeria52.9%
2011Nigeria30.3%
2012Spain14.6%
2013United States20.6%
2014Spain16%
2015Gabon41.5%
2016United States18.6%
2017Spain20.1%
2018Spain20%
2019United States20.9%
2020Nigeria29.3%
2021Spain19.2%
2022China20.9%
2023China19.7%
2024China16.8%

Its suppliers

  1. China$170 million · 16.8%
  2. Spain$156 million · 15.4%
  3. United States$94 million · 9.2%
  4. Angola$92 million · 9.1%
  5. United Kingdom$59 million · 5.8%
  6. Nigeria$52 million · 5.1%
  7. Turkey$38 million · 3.8%
  8. Brazil$30 million · 3%
  9. Netherlands$30 million · 3%
  10. India$27 million · 2.7%

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

Products with a dominant supplier

Of the 164 products Equatorial Guinea buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
TugboatsAngola100%over 75%—$91 million
Dredgers and floating cranesNigeria100%over 75%—$32 million
BeerSpain59.6%Netherlands · 23.2%$27 million
Flexible metal tubingDenmark96.2%over 75%United States · 3.3%$22 million
Cargo and cruise shipsNigeria100%over 75%—$18 million
Air pumps, compressors and fansUnited States56.9%China · 19%$17 million
Cables and wireUnited Kingdom51.7%China · 17.9%$15 million
FurnitureChina53.6%Spain · 24.7%$15 million
Parts for cranes and excavatorsUnited States60.1%Singapore · 8%$14 million
Refined petroleumCôte d'Ivoire57.8%Senegal · 9.9%$13 million
Turbojets and gas turbinesItaly62.8%United Kingdom · 24.1%$11 million
RiceIndia50.1%Thailand · 39.8%$11 million
Seamless steel pipesIndonesia51.6%United States · 21.9%$11 million
Palm oilIndonesia68.4%Malaysia · 31%$11 million
Wheat flourTurkey97.8%over 75%Spain · 0.85%$10 million
Plastic packagingChina58.8%Spain · 19.9%$9 million
Bread, biscuits and pastriesSpain51%India · 18.5%$8 million
TrucksChina83%over 75%Belgium · 4.7%$8 million
Fruit and vegetable juicesSpain92.3%over 75%Egypt · 2.4%$7 million
SpiritsSpain54.1%Brazil · 19%$7 million
Detergents and surfactantsSpain55.3%United States · 17.7%$7 million
WineSpain84.4%over 75%France · 11.1%$7 million
Ceramic tilesChina58.7%Spain · 31%$7 million
Auto partsSpain60.8%China · 21.7%$7 million
Plastic pipes and hosesTurkey52.1%China · 21.3%$7 million

and 76 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%.

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: China
22.1%
Concentration (HHI)
1,080

Concentration index (HHI): 1,080 out of 10,000; equivalent to splitting sales among 9 customers of the same size

Trend in shares

India went from 0% to 13.1% of what Equatorial Guinea sells

Share (%)

  • China 22.1%
  • Spain 15.5%
  • India 13.1%
  • Italy 6.7%
  • Japan 4.5%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United States31.5%
1996United States42.4%
1997Spain24.9%
1998Spain38.6%
1999Spain46.6%
2000Spain52%
2001Spain32.4%
2002United States27.8%
2003United States35%
2004United States29.4%
2005United States25.2%
2006China30.1%
2007United States20%
2008United States21.6%
2009United States28.1%
2010United States24.1%
2011Spain14.3%
2012Japan18.6%
2013China16.8%
2014China24.7%
2015China17.5%
2016India19.8%
2017China28.8%
2018China32.5%
2019China33.6%
2020China38.8%
2021China23.2%
2022China19.7%
2023China26.4%
2024China22.1%

9 of the 12 products Equatorial Guinea sells for more than $1 million have a customer buying more than 50% of what Equatorial Guinea sells of that product; in 6, more than 75%. In those products, sales to each one’s dominant customer add up to 4.4% of what Equatorial Guinea sells.

ProductCustomerShareSecondValue
AlcoholsGermany50.5%Netherlands · 19.6%$225 million
LogsChina99.9%over 75%Morocco · 0.06%$35 million
Ferrous scrapIndia93.7%over 75%Morocco · 3.7%$16 million
Sawn woodChina90.2%over 75%Lebanon · 1.6%$14 million
Refined petroleumCentral African Republic100%over 75%Belgium · 0.01%$11 million
Wood veneer sheetsChina57%Philippines · 20.9%$9 million
Aluminum scrapIndia68.5%Spain · 16%$4 million
Cocoa beansSpain99.9%over 75%Italy · 0.09%$2 million
CementCôte d'Ivoire99.6%over 75%Spain · 0.29%$1 million

Concentration compared

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

RankCountryHHI
155South Korea833
156Libya822
157Equatorial Guinea820
158Moldova817
159Gambia815
160Uganda810

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.