Fuel exports (% of merchandise exports) — all countries

Fuel exports (% of merchandise exports) — Southern Europe

Fuel exports (% of merchandise exports) in Southern Europe in 2024 — 5.56%. Since 2006, the indicator has risen by 1.13 pp.

2024 5.56% −0.72 pp vs 2023
World rank
Period maximum 8.21%2022
Period minimum 3.79%2020

Trend over time

2006–2024 · % of merchandise exports

Fuel exports (% of merchandise exports) — Southern Europe, 2006–202424681020062008201020122014201620182020202220242006: 4.43%2007: 4.51%2008: 5.95%2009: 4.64%2010: 5.93%2011: 6.7%2012: 7.55%2013: 7.29%2014: 6.8%2015: 5.34%2016: 4.41%2017: 5.57%2018: 6.09%2019: 5.55%2020: 3.79%2021: 5.38%2022: 8.21%2023: 6.28%2024: 5.56%
Change over the period: +1.13 pp Annual average: 0.06 pp

Comparison, 2024

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

Southern Europe 5.56%
World 10.69%
Fuel exports (% of merchandise exports) — Southern Europe, by year Southern Europe All countries CSV XLSX
Year % Change, pp
2024 5.56 −0.72 pp
2023 6.28 −1.93 pp
2022 8.21 +2.83 pp
2021 5.38 +1.59 pp
2020 3.79 −1.76 pp
2019 5.55 −0.54 pp
2018 6.09 +0.52 pp
2017 5.57 +1.16 pp
2016 4.41 −0.93 pp
2015 5.34 −1.46 pp
2014 6.8 −0.5 pp
2013 7.29 −0.26 pp
2012 7.55 +0.85 pp
2011 6.7 +0.77 pp
2010 5.93 +1.29 pp
2009 4.64 −1.31 pp
2008 5.95 +1.43 pp
2007 4.51 +0.08 pp
2006 4.43

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.