Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Latin America & Caribbean

Fuel imports (% of merchandise imports) in Latin America & Caribbean in 2024 — 10.89%. Since 1962, the indicator has risen by 4.18 pp.

2024 10.89% −1.99 pp vs 2023
World rank
Period maximum 17.35%1982
Period minimum 5.02%1998

Trend over time

1962–2024 · % of merchandise imports

Fuel imports (% of merchandise imports) — Latin America & Caribbean, 1962–20240510152019621969197619831990199720042011201820241962: 6.71%1963: 7%1964: 7.19%1965: 7.27%1966: 6.74%1967: 6.72%1968: 6.58%1969: 6.58%1970: 6.08%1971: 7.36%1972: 7.38%1973: 8.75%1974: 13.23%1975: 12.95%1976: 13.47%1977: 13.57%1978: 12.33%1979: 13.77%1980: 14.74%1981: 16.95%1982: 17.35%1983: 17.08%1984: 17.21%1985: 16.81%1986: 10.21%1987: 11.38%1991: 9.58%1992: 8.57%1993: 7.48%1994: 5.94%1995: 5.88%1996: 6.44%1997: 6.34%1998: 5.02%1999: 6.25%2000: 8.52%2001: 8.36%2002: 7.82%2003: 8.62%2004: 9.65%2005: 10.98%2006: 10.51%2007: 12.15%2008: 13.84%2009: 11.08%2010: 12.01%2011: 14.15%2012: 13.85%2013: 13.98%2014: 14.01%2015: 10.58%2016: 9.59%2017: 11.29%2018: 12.69%2019: 11.81%2020: 8.58%2021: 11.34%2022: 14.49%2023: 12.88%2024: 10.89%
Change over the period: +4.18 pp Annual average: 0.07 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean

Latin America & Caribbean 10.89%
World 13.08%
Fuel imports (% of merchandise imports) — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year % Change, pp
2024 10.89 −1.99 pp
2023 12.88 −1.61 pp
2022 14.49 +3.14 pp
2021 11.34 +2.76 pp
2020 8.58 −3.23 pp
2019 11.81 −0.88 pp
2018 12.69 +1.4 pp
2017 11.29 +1.7 pp
2016 9.59 −0.99 pp
2015 10.58 −3.43 pp
2014 14.01 +0.03 pp
2013 13.98 +0.13 pp
2012 13.85 −0.3 pp
2011 14.15 +2.14 pp
2010 12.01 +0.92 pp
2009 11.08 −2.76 pp
2008 13.84 +1.69 pp
2007 12.15 +1.64 pp
2006 10.51 −0.48 pp
2005 10.98 +1.33 pp
2004 9.65 +1.03 pp
2003 8.62 +0.8 pp
2002 7.82 −0.54 pp
2001 8.36 −0.16 pp
2000 8.52 +2.27 pp
1999 6.25 +1.23 pp
1998 5.02 −1.32 pp
1997 6.34 −0.09 pp
1996 6.44 +0.56 pp
1995 5.88 −0.06 pp
1994 5.94 −1.54 pp
1993 7.48 −1.09 pp
1992 8.57 −1.01 pp
1991 9.58
1987 11.38 +1.17 pp
1986 10.21 −6.6 pp
1985 16.81 −0.4 pp
1984 17.21 +0.13 pp
1983 17.08 −0.26 pp
1982 17.35 +0.4 pp
1981 16.95 +2.2 pp
1980 14.74 +0.97 pp
1979 13.77 +1.44 pp
1978 12.33 −1.23 pp
1977 13.57 +0.1 pp
1976 13.47 +0.51 pp
1975 12.95 −0.28 pp
1974 13.23 +4.47 pp
1973 8.75 +1.37 pp
1972 7.38 +0.02 pp
1971 7.36 +1.28 pp
1970 6.08 −0.5 pp
1969 6.58 −0.01 pp
1968 6.58 −0.14 pp
1967 6.72 −0.02 pp
1966 6.74 −0.54 pp
1965 7.27 +0.09 pp
1964 7.19 +0.19 pp
1963 7 +0.29 pp
1962 6.71

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.