Fuel exports (% of merchandise exports) in Least developed countries
Least developed countries: Fuel exports (% of merchandise exports) was 36.7% in 2023. ▲ Rising
Fuel exports in Least developed countries, 1978–2023
Source: Staff estimates, World Bank (WB). Measured in % of merchandise exports.
Analysis
The most recent figure for fuel exports in Least developed countries is 36.7%, measured in 2023.
That represents a change of down 2.4% on the previous year and up 19.5% over ten years.
Over the whole period, fuel exports in Least developed countries peaked at 41.7% in 2014 and was at its lowest, 23.2%, in 1978.
Least developed countries ranks 11th of 46 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Fuel exports (% of merchandise exports) in Least developed countries, year by year
| Year | % of merchandise exports | Change |
|---|---|---|
| 1978 | 23.2% | — |
| 2007 | 35.9% | +54.4% |
| 2008 | 33.6% | -6.2% |
| 2009 | 36.7% | +9.2% |
| 2010 | 32.4% | -11.7% |
| 2011 | 34.2% | +5.5% |
| 2012 | 29.9% | -12.5% |
| 2013 | 30.7% | +2.6% |
| 2014 | 41.7% | +35.9% |
| 2015 | 28.7% | -31.2% |
| 2016 | 26.5% | -7.8% |
| 2017 | 28.1% | +6.3% |
| 2018 | 28.2% | +0.2% |
| 2019 | 37.7% | +33.7% |
| 2020 | 35.8% | -4.9% |
| 2021 | 36.7% | +2.3% |
| 2022 | 37.6% | +2.4% |
| 2023 | 36.7% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.2% | 23.2% | 23.2% | 1 |
| 2000s | 35.4% | 33.6% | 36.7% | 3 |
| 2010s | 31.8% | 26.5% | 41.7% | 10 |
| 2020s | 36.7% | 35.8% | 37.6% | 4 |
Countries ranked near Least developed countries
More energy & mining data for Least developed countries
- Fuel imports 17.9% (2019)
- Ores and metals imports 1.6% (2019)
- Ores and metals exports 14.8% (2023)
- Electric power transmission and distribution losses 11.6% (2023)
- Electric power consumption 289.56 kWh per capita (2024)
- Alternative and nuclear energy 4.3% (2024)
- Combustible renewables and waste 64.4% (2024)
- Mineral rents 3.1% (2021)
- Natural gas rents 0.6% (2021)
- Total natural resources rents 8.5% (2021)
Frequently asked questions
- What is fuel exports in Least developed countries?
- Fuel exports in Least developed countries was 36.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest fuel exports recorded in Least developed countries?
- The highest recorded value was 41.7% in 2014.
- What is the lowest fuel exports recorded in Least developed countries?
- The lowest recorded value was 23.2% in 1978.
- How does Least developed countries rank for fuel exports?
- Least developed countries ranks 11th out of 46 groups with data for 2023.
- Is fuel exports rising or falling in Least developed countries?
- Over the last ten years it is up 19.5%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.