Fuel exports in Latin America & Caribbean
Latin America & Caribbean: Fuel exports was 9.8% in 2024. ◆ Volatile
Fuel exports in Latin America & Caribbean, 1962–2024
Source: Staff estimates, World Bank (WB). Measured in % of merchandise exports.
Analysis
In 2024, fuel exports in Latin America & Caribbean stood at 9.8%.
Compared with earlier readings it is down 5.3% on the previous year and down 23.2% over ten years.
Over the whole period, fuel exports in Latin America & Caribbean peaked at 42.9% in 1982 and was at its lowest, 6.5%, in 1972.
That places Latin America & Caribbean 27th out of 46 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Fuel exports in Latin America & Caribbean, year by year
| Year | % of merchandise exports | Change |
|---|---|---|
| 1962 | 7.6% | — |
| 1963 | 7.6% | -0.4% |
| 1964 | 7.3% | -4.1% |
| 1965 | 7.0% | -3.5% |
| 1967 | 7.0% | -1.1% |
| 1968 | 7.1% | +1.2% |
| 1969 | 7.2% | +2.7% |
| 1970 | 7.0% | -3.3% |
| 1971 | 6.8% | -2.5% |
| 1972 | 6.5% | -4.3% |
| 1973 | 7.4% | +13.4% |
| 1974 | 9.6% | +29.6% |
| 1975 | 14.4% | +50.0% |
| 1976 | 14.3% | -0.7% |
| 1977 | 17.1% | +19.6% |
| 1978 | 19.2% | +12.6% |
| 1979 | 25.8% | +34.1% |
| 1980 | 36.5% | +41.5% |
| 1981 | 39.9% | +9.3% |
| 1982 | 42.9% | +7.6% |
| 1983 | 37.2% | -13.3% |
| 1984 | 36.6% | -1.8% |
| 1985 | 35.2% | -3.6% |
| 1986 | 21.2% | -39.9% |
| 1987 | 25.8% | +21.8% |
| 1990 | 27.0% | +4.6% |
| 1991 | 23.1% | -14.6% |
| 1992 | 15.8% | -31.4% |
| 1993 | 13.4% | -15.3% |
| 1994 | 11.7% | -12.5% |
| 1995 | 11.0% | -5.7% |
| 1996 | 12.5% | +13.3% |
| 1997 | 11.1% | -11.6% |
| 1998 | 8.6% | -22.1% |
| 1999 | 10.6% | +23.3% |
| 2000 | 13.7% | +28.7% |
| 2001 | 12.7% | -7.0% |
| 2002 | 13.2% | +3.9% |
| 2003 | 14.6% | +10.3% |
| 2004 | 15.0% | +2.9% |
| 2005 | 17.1% | +14.2% |
| 2006 | 17.8% | +3.8% |
| 2007 | 14.4% | -18.9% |
| 2008 | 19.1% | +32.4% |
| 2009 | 17.1% | -10.6% |
| 2010 | 17.6% | +2.9% |
| 2011 | 17.7% | +0.7% |
| 2012 | 18.5% | +4.6% |
| 2013 | 17.3% | -6.3% |
| 2014 | 12.8% | -26.1% |
| 2015 | 9.0% | -29.6% |
| 2016 | 7.7% | -14.5% |
| 2017 | 9.2% | +18.8% |
| 2018 | 10.9% | +18.8% |
| 2019 | 10.1% | -7.1% |
| 2020 | 7.9% | -22.3% |
| 2021 | 9.3% | +18.5% |
| 2022 | 11.5% | +23.6% |
| 2023 | 10.4% | -9.8% |
| 2024 | 9.8% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.3% | 7.0% | 7.6% | 7 |
| 1970s | 12.8% | 6.5% | 25.8% | 10 |
| 1980s | 34.4% | 21.2% | 42.9% | 8 |
| 1990s | 14.5% | 8.6% | 27.0% | 10 |
| 2000s | 15.5% | 12.7% | 19.1% | 10 |
| 2010s | 13.1% | 7.7% | 18.5% | 10 |
| 2020s | 9.8% | 7.9% | 11.5% | 5 |
Countries ranked near Latin America & Caribbean
More energy & mining data for Latin America & Caribbean
- Fuel imports 10.9% (2024)
- Ores and metals imports 2.3% (2024)
- Ores and metals exports 10.4% (2024)
- Electric power transmission and distribution losses 13.6% (2024)
- Mineral rents 3.6% (2021)
- Natural gas rents 0.1% (2021)
- Total natural resources rents 6.1% (2021)
- Alternative and nuclear energy 12.8% (2024)
- Electric power consumption 2,804 kWh per capita (2024)
- Combustible renewables and waste 28.3% (2024)
Frequently asked questions
- What is fuel exports in Latin America & Caribbean?
- Fuel exports in Latin America & Caribbean was 9.8% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest fuel exports recorded in Latin America & Caribbean?
- The highest recorded value was 42.9% in 1982.
- What is the lowest fuel exports recorded in Latin America & Caribbean?
- The lowest recorded value was 6.5% in 1972.
- How does Latin America & Caribbean rank for fuel exports?
- Latin America & Caribbean ranks 27th out of 46 groups with data for 2024.
- Is fuel exports rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 23.2%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Fuel exports (% of merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.