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Who does the Maldives rely on?

The largest supplier of the Maldives in 2024 is India, with 22% of what the Maldives buys. Its share was 9.9% in 2019 and 11.5% in 1995. 117 of the 361 products the Maldives buys for more than $1 million have a supplier selling more than 50% of what the Maldives buys of that product; in 23, more than 75%. In those products, purchases from each one’s dominant supplier add up to 25.3% of what the Maldives buys.

Summary

Largest supplier: India
22%
Concentration (HHI)
1,069
Products with a supplier above 50%
117
Products with a supplier above 75%
23

Concentration index (HHI): 1,069 out of 10,000; equivalent to splitting purchases among 9 suppliers of the same size

Trend

Trend in shares

China went from 0.47% to 16.8% of what the Maldives buys

Share (%)

  • India 22%
  • China 16.8%
  • United Arab Emirates 12.8%
  • Oman 6.6%
  • Malaysia 4.9%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995Singapore35.5%
1996Singapore32.1%
1997Singapore30.2%
1998Singapore27.9%
1999Singapore26.5%
2000Sri Lanka22.5%
2001Singapore23.1%
2002Singapore23.8%
2003Singapore22.8%
2004Singapore26.8%
2005Singapore25.4%
2006Singapore23.1%
2007Singapore21.7%
2008Singapore20.1%
2009Singapore23%
2010Singapore17.1%
2011Singapore21.4%
2012United Arab Emirates27.8%
2013United Arab Emirates25.7%
2014United Arab Emirates21.7%
2015Singapore16.1%
2016United Arab Emirates15.1%
2017Seychelles16.2%
2018United Arab Emirates17.3%
2019United Arab Emirates17.3%
2020China14.2%
2021United Arab Emirates13%
2022Oman17%
2023India15.3%
2024India22%

Its suppliers

  1. India$936 million · 22%
  2. China$716 million · 16.8%
  3. United Arab Emirates$545 million · 12.8%
  4. Oman$280 million · 6.6%
  5. Malaysia$208 million · 4.9%
  6. Sri Lanka$162 million · 3.8%
  7. Singapore$149 million · 3.5%
  8. United States$144 million · 3.4%
  9. Thailand$112 million · 2.6%
  10. France$100 million · 2.3%

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

Products with a dominant supplier

Of the 361 products the Maldives buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Cargo and cruise shipsIndia92.1%over 75%China · 5.6%$326 million
Cameras and broadcast equipmentChina71.7%United States · 7.4%$74 million
Granite and building stoneIndia78.6%over 75%United Arab Emirates · 20%$65 million
Steel barsIndia53.8%United Arab Emirates · 33.5%$63 million
Poultry meatBrazil52%Sri Lanka · 14%$51 million
Medicines in measured doses or retail packsIndia53.1%Pakistan · 6.2%$44 million
FurnitureChina53.8%Indonesia · 13.3%$38 million
Air conditionersChina60.2%India · 11.1%$38 million
Natural gas and LPGSri Lanka59.3%United Arab Emirates · 27.2%$36 million
Sawn woodMalaysia53%New Zealand · 14.4%$32 million
Gravel and crushed stoneUnited Arab Emirates55.7%India · 36.9%$31 million
RiceIndia87.4%over 75%Pakistan · 5.7%$29 million
Control panelsChina62.7%India · 14.7%$26 million
Lamps and light fittingsChina73.4%Czechia · 4.7%$25 million
Refrigerators, freezers and heat pumpsChina54.2%Thailand · 9.7%$23 million
Eggs in shellIndia84%over 75%Sri Lanka · 10.2%$23 million
Aluminum structuresChina58.3%Thailand · 7.4%$22 million
PlywoodChina73.6%Malaysia · 11.2%$21 million
Cigarettes and cigarsPhilippines73.8%Indonesia · 13.4%$20 million
Diodes, transistors and solar cellsChina51.2%Italy · 36.2%$20 million
Dredgers and floating cranesUnited Arab Emirates98.8%over 75%Taiwan · 0.89%$19 million
ComputersChina52.9%United States · 12.8%$19 million
Prefabricated buildingsChina65.9%Turkey · 18.1%$17 million
CarsJapan78.8%over 75%China · 13.8%$16 million
Coated flat steelIndia69.8%China · 21.4%$16 million

and 92 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: India
34.1%
Concentration (HHI)
1,680

Concentration index (HHI): 1,680 out of 10,000; equivalent to splitting sales among 6 customers of the same size

Trend in shares

India went from 0.27% to 34.1% of what the Maldives sells

Share (%)

  • India 34.1%
  • Thailand 17.8%
  • United Kingdom 8%
  • Singapore 6%
  • Germany 5.9%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United Kingdom30%
1996United States14.7%
1997United States19.7%
1998United States32.5%
1999United States47.8%
2000United States48.7%
2001United States46.6%
2002United States43.8%
2003United States34.6%
2004United States19.9%
2005Thailand21.2%
2006Thailand26.5%
2007Thailand30.3%
2008Thailand34.4%
2009Thailand16.6%
2010India23.6%
2011Thailand20%
2012France18.1%
2013Thailand30.5%
2014Thailand21.9%
2015Thailand16.9%
2016Sri Lanka31.5%
2017Sri Lanka38.7%
2018Bangladesh21.7%
2019Thailand23.4%
2020Thailand29.2%
2021Thailand26.6%
2022India67.3%
2023Thailand32%
2024India34.1%

12 of the 14 products the Maldives sells for more than $1 million have a customer buying more than 50% of what the Maldives sells of that product; in 8, more than 75%. In those products, sales to each one’s dominant customer add up to 73.4% of what the Maldives sells.

ProductCustomerShareSecondValue
Airplanes and helicoptersIndia100%over 75%—$78 million
Frozen fishThailand86.6%over 75%Vietnam · 6.1%$55 million
Prepared fish and caviarUnited Kingdom53.6%Germany · 26.2%$39 million
Refined petroleumSingapore98.4%over 75%India · 1.6%$15 million
Natural gas and LPGMauritius100%over 75%—$15 million
Ferrous scrapIndia99.6%over 75%Bangladesh · 0.21%$8 million
Dried, salted and smoked fishSri Lanka64.1%Japan · 35.9%$5 million
Meat and fish mealBangladesh77.8%over 75%Indonesia · 8.9%$4 million
Live fishHong Kong61%Sri Lanka · 13%$3 million
Copper scrapIndia100%over 75%—$3 million
Prepared shellfishHong Kong65.6%Malaysia · 16.7%$2 million
Bulldozers and excavatorsNetherlands78.3%over 75%Singapore · 13.6%$1 million

Concentration compared

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

RankCountryHHI
124Samoa1,102
125Zambia1,070
126Maldives1,069
127Thailand1,067
128Philippines1,066
129Algeria1,058

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.