Fuel exports (% of merchandise exports) — all countries

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

Fuel exports (% of merchandise exports) in upper-middle-income countries in 2024 — 6.32%. Since 1996, the indicator has fallen by 4.65 pp.

2024 6.32% −0.9 pp vs 2023
World rank
Period maximum 16.69%2008
Period minimum 4.89%2020

Trend over time

1996–2024 · % of merchandise exports

Fuel exports (% of merchandise exports) — Upper-middle-income countries, 1996–20240510152019961999200220052008201120142017202020231996: 10.96%1997: 10.21%1998: 7.65%1999: 8.96%2000: 13.78%2001: 12.09%2002: 11.17%2003: 10.41%2004: 11.68%2005: 13.24%2006: 13.32%2007: 14%2008: 16.69%2009: 13.58%2010: 14.21%2011: 14.66%2012: 14.43%2013: 13.44%2014: 12.21%2015: 8.16%2016: 7.52%2017: 7.58%2018: 7.97%2019: 7.34%2020: 4.89%2021: 5.69%2022: 7.93%2023: 7.22%2024: 6.32%
Change over the period: −4.65 pp Annual average: -0.17 pp

Comparison, 2024

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

Upper-middle-income countries 6.32%
World 10.69%
Fuel exports (% of merchandise exports) — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year % Change, pp
2024 6.32 −0.9 pp
2023 7.22 −0.71 pp
2022 7.93 +2.24 pp
2021 5.69 +0.8 pp
2020 4.89 −2.45 pp
2019 7.34 −0.63 pp
2018 7.97 +0.39 pp
2017 7.58 +0.06 pp
2016 7.52 −0.64 pp
2015 8.16 −4.05 pp
2014 12.21 −1.23 pp
2013 13.44 −1 pp
2012 14.43 −0.23 pp
2011 14.66 +0.45 pp
2010 14.21 +0.64 pp
2009 13.58 −3.11 pp
2008 16.69 +2.69 pp
2007 14 +0.68 pp
2006 13.32 +0.08 pp
2005 13.24 +1.56 pp
2004 11.68 +1.27 pp
2003 10.41 −0.77 pp
2002 11.17 −0.91 pp
2001 12.09 −1.7 pp
2000 13.78 +4.82 pp
1999 8.96 +1.31 pp
1998 7.65 −2.56 pp
1997 10.21 −0.75 pp
1996 10.96

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.