Fuel exports (% of merchandise exports)

This indicator measures the contribution of fuel exports, specifically those categorized under the Standard International Trade Classification (SITC) section 3, to a nation’s overall merchandise exports. It encompasses a range of commodities, including mineral fuels, lubricants, and related materials, highlighting their significance in the country's trade dynamics. Analyzing this metric provides insights into the economic reliance on fuel sectors, revealing how fluctuations in global oil prices or demand can impact overall export revenues. Furthermore, it serves as a reflection of a nation’s energy resources, market competitiveness, and economic resilience, indicating potential vulnerabilities or strengths in the context of evolving global energy demands and environmental considerations. Source: