Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Eritrea

Fuel imports (% of merchandise imports) in Eritrea in 2003 — 0.87%. Ranked 159 in the world out of 167. Since 2000, the indicator has fallen by 0.66 pp.

2003 0.87% −0.28 pp vs 2002
World rank 159of 167
Period maximum 1.53%2000
Period minimum 0.86%2001

Trend over time

2000–2003 · % of merchandise imports

Fuel imports (% of merchandise imports) — Eritrea, 2000–20030.811.21.41.620002001200220032000: 1.53%2001: 0.86%2002: 1.14%2003: 0.87%
Change over the period: −0.66 pp Annual average: -0.22 pp

Comparison, 2003

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

Eritrea 0.87%
World 10.35%
Eastern Africa computed 13.97%
Low-income countries computed 9.66%
Fuel imports (% of merchandise imports) — Eritrea, by year Eritrea All countries CSV XLSX
Year % Change, pp
2003 0.87 −0.28 pp
2002 1.14 +0.28 pp
2001 0.86 −0.67 pp
2000 1.53

About the indicator

The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.

Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.