Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Iceland

Fuel exports (% of merchandise exports) in Iceland in 2025 — 1.46%. Ranked 19 in the world out of 24. Since 1988, the indicator has risen by 1.46 pp.

2025 1.46% −0.49 pp vs 2024
World rank 19of 24
Period maximum 2.45%2023
Period minimum 0%1989

Trend over time

1988–2025 · % of merchandise exports

Fuel exports (% of merchandise exports) — Iceland, 1988–2025012319881992199620002004200820122016202020241988: 0%1989: 0%1990: 0%1991: 0.05%1992: 0.07%1993: 0.05%1994: 0.07%1995: 0.05%1996: 0.06%1997: 0.06%1998: 0.16%1999: 0.14%2000: 0.36%2001: 0.23%2002: 0.41%2003: 0.23%2004: 0.52%2005: 1.4%2006: 2.33%2007: 1.45%2008: 1.48%2009: 0.99%2010: 1.03%2011: 1.93%2012: 2.01%2013: 1.6%2014: 1.99%2015: 1.61%2016: 1.31%2017: 1.18%2018: 2.01%2019: 1.59%2020: 0.72%2021: 1.15%2022: 2.32%2023: 2.45%2024: 1.95%2025: 1.46%
Change over the period: +1.46 pp Annual average: 0.04 pp
Fuel exports (% of merchandise exports) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 1.46 −0.49 pp
2024 1.95 −0.49 pp
2023 2.45 +0.13 pp
2022 2.32 +1.17 pp
2021 1.15 +0.43 pp
2020 0.72 −0.87 pp
2019 1.59 −0.42 pp
2018 2.01 +0.83 pp
2017 1.18 −0.13 pp
2016 1.31 −0.3 pp
2015 1.61 −0.38 pp
2014 1.99 +0.39 pp
2013 1.6 −0.41 pp
2012 2.01 +0.08 pp
2011 1.93 +0.9 pp
2010 1.03 +0.04 pp
2009 0.99 −0.49 pp
2008 1.48 +0.03 pp
2007 1.45 −0.88 pp
2006 2.33 +0.93 pp
2005 1.4 +0.88 pp
2004 0.52 +0.28 pp
2003 0.23 −0.17 pp
2002 0.41 +0.17 pp
2001 0.23 −0.13 pp
2000 0.36 +0.22 pp
1999 0.14 −0.02 pp
1998 0.16 +0.1 pp
1997 0.06 −0 pp
1996 0.06 +0.01 pp
1995 0.05 −0.03 pp
1994 0.07 +0.02 pp
1993 0.05 −0.02 pp
1992 0.07 +0.02 pp
1991 0.05 +0.05 pp
1990 0 +0 pp
1989 0 −0 pp
1988 0

Northern Europe, 2025

The same indicator for neighboring countries — with links to their pages

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.