Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Panama

Fuel exports (% of merchandise exports) in Panama in 2024 — 1.01%. Ranked 98 in the world out of 127. Since 1962, the indicator has fallen by 34.02 pp.

2024 1.01% +0.71 pp vs 2023
World rank 98of 127
Period maximum 48.62%1963
Period minimum 0.06%1987

Trend over time

1962–2024 · % of merchandise exports

Fuel exports (% of merchandise exports) — Panama, 1962–2024020406019621969197619831990199720042011201820241962: 35.03%1963: 48.62%1964: 40.9%1965: 33.8%1966: 32.97%1967: 26.89%1968: 20.1%1969: 22.12%1970: 19.64%1971: 21.6%1972: 17.61%1973: 17.75%1974: 41.01%1975: 44.78%1976: 28.03%1977: 27.39%1978: 24.62%1979: 24.83%1980: 23.16%1981: 18.29%1982: 22.66%1983: 12.06%1984: 2.17%1985: 7.24%1986: 0.09%1987: 0.06%1995: 3.15%1996: 4.92%1997: 3.87%1998: 3.52%1999: 9.04%2000: 6.93%2001: 7.07%2002: 6.15%2003: 0.49%2004: 0.54%2005: 0.73%2006: 0.77%2007: 0.67%2008: 0.64%2009: 0.88%2010: 0.28%2011: 0.1%2012: 0.08%2013: 0.43%2014: 0.16%2015: 0.1%2016: 0.1%2017: 0.09%2018: 0.12%2019: 0.17%2020: 0.38%2021: 0.18%2022: 0.23%2023: 0.3%2024: 1.01%
Change over the period: −34.02 pp Annual average: -0.55 pp

Comparison, 2024

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

Panama 1.01%
World 10.69%
Central America computed 4.14%
High-income countries computed 12.3%
Fuel exports (% of merchandise exports) — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2024 1.01 +0.71 pp
2023 0.3 +0.07 pp
2022 0.23 +0.05 pp
2021 0.18 −0.19 pp
2020 0.38 +0.21 pp
2019 0.17 +0.05 pp
2018 0.12 +0.03 pp
2017 0.09 −0.01 pp
2016 0.1 +0 pp
2015 0.1 −0.07 pp
2014 0.16 −0.26 pp
2013 0.43 +0.35 pp
2012 0.08 −0.02 pp
2011 0.1 −0.18 pp
2010 0.28 −0.59 pp
2009 0.88 +0.24 pp
2008 0.64 −0.03 pp
2007 0.67 −0.09 pp
2006 0.77 +0.03 pp
2005 0.73 +0.19 pp
2004 0.54 +0.05 pp
2003 0.49 −5.66 pp
2002 6.15 −0.92 pp
2001 7.07 +0.14 pp
2000 6.93 −2.11 pp
1999 9.04 +5.52 pp
1998 3.52 −0.35 pp
1997 3.87 −1.05 pp
1996 4.92 +1.77 pp
1995 3.15
1987 0.06 −0.03 pp
1986 0.09 −7.15 pp
1985 7.24 +5.07 pp
1984 2.17 −9.89 pp
1983 12.06 −10.59 pp
1982 22.66 +4.36 pp
1981 18.29 −4.87 pp
1980 23.16 −1.67 pp
1979 24.83 +0.21 pp
1978 24.62 −2.76 pp
1977 27.39 −0.64 pp
1976 28.03 −16.75 pp
1975 44.78 +3.77 pp
1974 41.01 +23.26 pp
1973 17.75 +0.13 pp
1972 17.61 −3.99 pp
1971 21.6 +1.96 pp
1970 19.64 −2.47 pp
1969 22.12 +2.01 pp
1968 20.1 −6.79 pp
1967 26.89 −6.08 pp
1966 32.97 −0.83 pp
1965 33.8 −7.1 pp
1964 40.9 −7.72 pp
1963 48.62 +13.59 pp
1962 35.03

Central America, 2024

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.