Fuel exports (% of merchandise exports) in low-income countries in 2018 — 7.2%. Since 2015, the indicator has fallen by 3.07 pp.
2015–2018 · % of merchandise exports
How the value compares with the world and the groups this territory belongs to: Low-income countries
| Year | % | Change, pp |
|---|---|---|
| 2018 | 7.2 | −1.38 pp |
| 2017 | 8.58 | — |
| 2015 | 10.27 | — |
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.
What part of merchandise imports a country spends on oil, gas and coal.
Trade Ores and metals exports (% of merchandise exports)What part of merchandise exports is ores, concentrates and metals.
Trade Merchandise exportsExports of goods only, without services — WTO data.