Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Liberia

Fuel imports (% of merchandise imports) in Liberia in 2023 — 31.77%. Ranked 13 in the world out of 160. Since 1963, the indicator has risen by 24.8 pp.

2023 31.77% +0.56 pp vs 2022
World rank 13of 160
Period maximum 32.24%2018
Period minimum 6.37%1970

Trend over time

1963–2023 · % of merchandise imports

Fuel imports (% of merchandise imports) — Liberia, 1963–2023010203040196319691975198119871993199920052011201720231963: 6.97%1967: 6.53%1970: 6.37%1971: 7.3%1972: 6.74%1973: 7.61%1974: 19.56%1975: 14.6%1976: 14.91%1977: 14.86%1978: 17.58%1979: 20.37%1980: 28.48%1981: 27.07%1982: 26.87%1983: 17.37%1984: 19.75%2017: 25.71%2018: 32.24%2019: 20.96%2020: 25.81%2021: 18.97%2022: 31.22%2023: 31.77%
Change over the period: +24.8 pp Annual average: 0.41 pp

Comparison, 2023

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

Liberia 31.77%
World 14.07%
Western Africa computed 30.23%
Fuel imports (% of merchandise imports) — Liberia, by year Liberia All countries CSV XLSX
Year % Change, pp
2023 31.77 +0.56 pp
2022 31.22 +12.24 pp
2021 18.97 −6.84 pp
2020 25.81 +4.85 pp
2019 20.96 −11.28 pp
2018 32.24 +6.53 pp
2017 25.71
1984 19.75 +2.37 pp
1983 17.37 −9.5 pp
1982 26.87 −0.21 pp
1981 27.07 −1.4 pp
1980 28.48 +8.11 pp
1979 20.37 +2.79 pp
1978 17.58 +2.72 pp
1977 14.86 −0.05 pp
1976 14.91 +0.31 pp
1975 14.6 −4.96 pp
1974 19.56 +11.95 pp
1973 7.61 +0.87 pp
1972 6.74 −0.56 pp
1971 7.3 +0.93 pp
1970 6.37
1967 6.53
1963 6.97

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.