Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Montenegro

Fuel exports (% of merchandise exports) in Montenegro in 2024 — 25.28%. Ranked 24 in the world out of 127. Since 2006, the indicator has risen by 24.35 pp.

2024 25.28% −11.37 pp vs 2023
World rank 24of 127
Period maximum 36.65%2023
Period minimum 0.93%2006

Trend over time

2006–2024 · % of merchandise exports

Fuel exports (% of merchandise exports) — Montenegro, 2006–202401020304020062008201020122014201620182020202220242006: 0.93%2007: 2%2008: 3.96%2009: 3.57%2010: 10.76%2011: 14.98%2012: 13.83%2013: 29.01%2014: 14.54%2015: 14.81%2016: 16.09%2017: 12.38%2018: 20.81%2019: 21.41%2020: 16.65%2021: 18.52%2022: 29.97%2023: 36.65%2024: 25.28%
Change over the period: +24.35 pp Annual average: 1.35 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Montenegro

Montenegro 25.28%
World 10.69%
Southern Europe computed 5.56%
Fuel exports (% of merchandise exports) — Montenegro, by year Montenegro All countries CSV XLSX
Year % Change, pp
2024 25.28 −11.37 pp
2023 36.65 +6.68 pp
2022 29.97 +11.45 pp
2021 18.52 +1.88 pp
2020 16.65 −4.76 pp
2019 21.41 +0.6 pp
2018 20.81 +8.43 pp
2017 12.38 −3.72 pp
2016 16.09 +1.28 pp
2015 14.81 +0.27 pp
2014 14.54 −14.47 pp
2013 29.01 +15.18 pp
2012 13.83 −1.15 pp
2011 14.98 +4.23 pp
2010 10.76 +7.19 pp
2009 3.57 −0.4 pp
2008 3.96 +1.97 pp
2007 2 +1.07 pp
2006 0.93

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.