Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Guinea-Bissau

Fuel imports (% of merchandise imports) in Guinea-Bissau in 2018 — 17.44%. Ranked 54 in the world out of 174. Since 1970, the indicator has risen by 10.52 pp.

2018 17.44% +2.33 pp vs 2017
World rank 54of 174
Period maximum 18.51%2014
Period minimum 1.24%2003

Trend over time

1970–2018 · % of merchandise imports

Fuel imports (% of merchandise imports) — Guinea-Bissau, 1970–201805101520197019751980198519901995200020052010201520181970: 6.92%1971: 6.65%1972: 5.1%1975: 17.2%1976: 9.44%2003: 1.24%2004: 11.84%2005: 16.65%2014: 18.51%2015: 18.24%2016: 17.81%2017: 15.12%2018: 17.44%
Change over the period: +10.52 pp Annual average: 0.22 pp

Comparison, 2018

How the value compares with the world and the groups this territory belongs to: Guinea-Bissau

Guinea-Bissau 17.44%
World 12.96%
Western Africa computed 22.84%
Low-income countries computed 15.42%
Fuel imports (% of merchandise imports) — Guinea-Bissau, by year Guinea-Bissau All countries CSV XLSX
Year % Change, pp
2018 17.44 +2.33 pp
2017 15.12 −2.69 pp
2016 17.81 −0.44 pp
2015 18.24 −0.26 pp
2014 18.51
2005 16.65 +4.8 pp
2004 11.84 +10.6 pp
2003 1.24
1976 9.44 −7.76 pp
1975 17.2
1972 5.1 −1.56 pp
1971 6.65 −0.27 pp
1970 6.92

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.