Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Lower-middle-income countries

Fuel exports (% of merchandise exports) in lower-middle-income countries in 2023 — 16.87%. Since 2000, the indicator has fallen by 9.02 pp.

2023 16.87% −4.52 pp vs 2022
World rank
Period maximum 34.65%2011
Period minimum 12.09%2020

Trend over time

2000–2023 · % of merchandise exports

Fuel exports (% of merchandise exports) — Lower-middle-income countries, 2000–20230102030402000200320062009201220152018202120232000: 25.89%2001: 23.87%2002: 21.04%2003: 24.29%2004: 18.4%2005: 22.38%2006: 33.68%2007: 30.31%2008: 31.78%2009: 26%2010: 32.14%2011: 34.65%2012: 28.28%2013: 30.62%2014: 30.19%2015: 19.14%2016: 16.97%2017: 19.7%2018: 22.08%2019: 17.87%2020: 12.09%2021: 15.6%2022: 21.38%2023: 16.87%
Change over the period: −9.02 pp Annual average: -0.39 pp

Comparison, 2023

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

Lower-middle-income countries 16.87%
World 12.36%
Fuel exports (% of merchandise exports) — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year % Change, pp
2023 16.87 −4.52 pp
2022 21.38 +5.78 pp
2021 15.6 +3.51 pp
2020 12.09 −5.78 pp
2019 17.87 −4.21 pp
2018 22.08 +2.38 pp
2017 19.7 +2.73 pp
2016 16.97 −2.17 pp
2015 19.14 −11.05 pp
2014 30.19 −0.44 pp
2013 30.62 +2.34 pp
2012 28.28 −6.37 pp
2011 34.65 +2.51 pp
2010 32.14 +6.15 pp
2009 26 −5.78 pp
2008 31.78 +1.47 pp
2007 30.31 −3.37 pp
2006 33.68 +11.3 pp
2005 22.38 +3.98 pp
2004 18.4 −5.89 pp
2003 24.29 +3.25 pp
2002 21.04 −2.83 pp
2001 23.87 −2.02 pp
2000 25.89

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.