Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — High-income countries

Fuel exports (% of merchandise exports) in high-income countries in 2024 — 12.3%. Since 1998, the indicator has risen by 7.47 pp.

2024 12.3% −2.87 pp vs 2023
World rank
Period maximum 18.05%2022
Period minimum 4.84%1998

Trend over time

1998–2024 · % of merchandise exports

Fuel exports (% of merchandise exports) — High-income countries, 1998–20240510152019982001200420072010201320162019202220241998: 4.84%1999: 6.12%2000: 8.61%2001: 8.44%2002: 7.86%2003: 8.45%2004: 9.46%2005: 11.46%2006: 12.93%2007: 12.69%2008: 15.98%2009: 12.75%2010: 14.44%2011: 16.98%2012: 17.04%2013: 17.48%2014: 16.4%2015: 11.9%2016: 9.85%2017: 11.53%2018: 14.39%2019: 14.17%2020: 10.76%2021: 13.68%2022: 18.05%2023: 15.17%2024: 12.3%
Change over the period: +7.47 pp Annual average: 0.29 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: High-income countries

High-income countries 12.3%
World 10.69%
Fuel exports (% of merchandise exports) — High-income countries, by year High-income countries All countries CSV XLSX
Year % Change, pp
2024 12.3 −2.87 pp
2023 15.17 −2.87 pp
2022 18.05 +4.37 pp
2021 13.68 +2.92 pp
2020 10.76 −3.42 pp
2019 14.17 −0.22 pp
2018 14.39 +2.86 pp
2017 11.53 +1.68 pp
2016 9.85 −2.05 pp
2015 11.9 −4.5 pp
2014 16.4 −1.08 pp
2013 17.48 +0.44 pp
2012 17.04 +0.06 pp
2011 16.98 +2.54 pp
2010 14.44 +1.69 pp
2009 12.75 −3.23 pp
2008 15.98 +3.28 pp
2007 12.69 −0.23 pp
2006 12.93 +1.46 pp
2005 11.46 +2.01 pp
2004 9.46 +1.01 pp
2003 8.45 +0.59 pp
2002 7.86 −0.58 pp
2001 8.44 −0.17 pp
2000 8.61 +2.49 pp
1999 6.12 +1.28 pp
1998 4.84

About the indicator

The share of fuel — oil, gas, coal and the products of their refining — in a country's merchandise exports. This is the most direct measure of commodity dependence: for a dozen states the share exceeds ninety percent, meaning that all other exports together take up less than a tenth. A high value speaks not of wealth but of fragility: the revenue of such a country moves with the price of a single commodity, over which it has no influence.

Important: The share is of merchandise exports, not of all exports: services do not enter the denominator. The aggregate for country groups is weighted by merchandise exports — the denominator of the indicator itself.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.