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Who does the Turks and Caicos Islands rely on?

The largest supplier of the Turks and Caicos Islands in 2024 is the United States, with 69.6% of what the Turks and Caicos Islands buys. Its share was 71.9% in 2019 and 49.9% in 1995. 104 of the 111 products the Turks and Caicos Islands buys for more than $1 million have a supplier selling more than 50% of what the Turks and Caicos Islands buys of that product; in 75, more than 75%. In those products, purchases from each one’s dominant supplier add up to 59.5% of what the Turks and Caicos Islands buys.

Summary

Largest supplier: United States
69.6%
Concentration (HHI)
4,919
Products with a supplier above 50%
104
Products with a supplier above 75%
75

Concentration index (HHI): 4,919 out of 10,000; equivalent to splitting purchases among 2 suppliers of the same size

Trend

Trend in shares

The United States went from 49.9% to 69.6% of what the Turks and Caicos Islands buys

Share (%)

  • United States 69.6%
  • Dominican Republic 5.2%
  • Poland 3.5%
  • China 3.1%
  • Japan 2.3%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995United States49.9%
1996United States55.6%
1997United States66.5%
1998United States74.3%
1999United States88.1%
2000United States54%
2001United States46.1%
2002India41.2%
2003United States37.1%
2004United States58%
2005United States69.4%
2006United States70.6%
2007United States71.7%
2008United States74.1%
2009United States77.9%
2010United States64.6%
2011United States71%
2012United States61.9%
2013United States72.6%
2014United States76.6%
2015United States78.5%
2016United States79.3%
2017United States78.9%
2018United States64.9%
2019United States71.9%
2020United States72.1%
2021United States72.3%
2022United States74.9%
2023United States72.3%
2024United States69.6%

Its suppliers

  1. United States$402 million · 69.6%
  2. Dominican Republic$30 million · 5.2%
  3. Poland$20 million · 3.5%
  4. China$18 million · 3.1%
  5. Japan$13 million · 2.3%
  6. Italy$12 million · 2.1%
  7. Switzerland$12 million · 2.1%
  8. Canada$10 million · 1.8%
  9. Turkey$10 million · 1.7%
  10. United Kingdom$9 million · 1.6%

Products with a dominant supplier

Of the 111 products the Turks and Caicos Islands 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%Trinidad and Tobago · 4.1%$47 million
Prefabricated buildingsPoland88.5%over 75%United States · 5.6%$21 million
FurnitureUnited States57.4%Italy · 10.5%$20 million
CementDominican Republic71.3%United States · 14.4%$11 million
JewelryUnited States69.8%India · 12%$9 million
Cargo and cruise shipsTurkey80.1%over 75%China · 19.9%$9 million
Frozen beefUnited States100%over 75%—$9 million
Steel barsDominican Republic78.2%over 75%Turkey · 18.3%$9 million
Poultry meatUnited States99.2%over 75%Brazil · 0.65%$9 million
GoldSwitzerland100%over 75%—$8 million
Refrigerators, freezers and heat pumpsUnited States97.4%over 75%Canada · 1.1%$8 million
TrucksUnited States65.5%Japan · 12.9%$8 million
Steel structuresUnited States67.8%China · 20.4%$8 million
Lamps and light fittingsUnited States94.4%over 75%Italy · 2.1%$8 million
Yachts and pleasure boatsUnited States76.7%over 75%Poland · 13.8%$7 million
Metal hardware and fittingsUnited States97.9%over 75%Canada · 0.87%$7 million
Other wristwatchesUnited States71.4%Switzerland · 25%$6 million
Plastic pipes and hosesUnited States70.8%Switzerland · 9.1%$6 million
Centrifuges and filtersUnited States87.2%over 75%Turkey · 2.3%$6 million
Sawn woodUnited States81.3%over 75%Canada · 12.6%$6 million
Soft drinksUnited States87.8%over 75%Bahamas · 4.2%$5 million
Cement and concrete articlesDominican Republic64.6%United States · 30.2%$5 million
SpiritsUnited States69.6%France · 13.8%$5 million
Transformers and power suppliesUnited States98.1%over 75%China · 0.91%$4 million
Glass blocks, tiles and mosaicsUnited States97.3%over 75%Dominican Republic · 1.3%$4 million

and 79 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: Benin
20.5%
Concentration (HHI)
1,455

Concentration index (HHI): 1,455 out of 10,000; equivalent to splitting sales among 7 customers of the same size

Trend in shares

Benin went from 0% to 20.5% of what the Turks and Caicos Islands sells

Share (%)

  • Benin 20.5%
  • United States 20.1%
  • Czechia 18.9%
  • Zimbabwe 12.1%
  • Central African Republic 10.1%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United States37.6%
1996Italy40.1%
1997United States45.7%
1998United States54.4%
1999United States64.6%
2000United States51.3%
2001United States35.4%
2002Italy54.5%
2003Italy45.6%
2004United States20.8%
2005United States30.1%
2006Cameroon35.7%
2007France30.5%
2008Cameroon54.4%
2009United States26.8%
2010United States23.9%
2011United States23.4%
2012Singapore52.7%
2013Gabon40.5%
2014Gabon18.6%
2015Bahamas31.6%
2016Gabon21.6%
2017Gabon37.7%
2018Gabon37.9%
2019Bahamas82.1%
2020Bahamas49.2%
2021Bahamas64.9%
2022Togo54.6%
2023Gabon25.8%
2024Benin20.5%

6 of the 6 products the Turks and Caicos Islands sells for more than $1 million have a customer buying more than 50% of what the Turks and Caicos Islands sells of that product; in 6, more than 75%. In those products, sales to each one’s dominant customer add up to 69.6% of what the Turks and Caicos Islands sells.

ProductCustomerShareSecondValue
Refined petroleumBenin99.7%over 75%Grenada · 0.27%$5 million
CarbonatesCzechia100%over 75%—$5 million
Polyethers, polyesters and epoxy resinsZimbabwe100%over 75%—$3 million
Crustaceans (shrimp, lobster, crab)United States93.3%over 75%Canada · 6.7%$2 million
Centrifuges and filtersCentral African Republic98.9%over 75%United Kingdom · 0.36%$2 million
Mollusks (squid, mussels, oysters)United States100%over 75%—$1 million

Concentration compared

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

RankCountryHHI
7Andorra5,451
8Nepal5,009
9Turks and Caicos Islands4,919
10Greenland4,754
11Botswana4,754
12Bermuda4,519

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.