Oil Dominates the $5 Trillion Global Commodity Market

This chart, via Visual Capitalist's Pallavi Rao, categorizes over $5 trillion in global commodity exports by sector and the value of material exported. Data was averaged between 2019–2021 to represent an annual estimate. Source figures can be found at The State of Commodity Dependence 2023 published by UN Trade & Development. Commodity Exports with the Highest Value Oil and its products account for 30% of global commodity exports on average, valued at $1.5 trillion annually.

Meanwhile, the minerals sector is more equally divided between base metal exports like copper, iron, and aluminum and precious metals and stones gold, silver, diamonds. Not pictured in this graphic is how international the commodity trade tends to concentrate in just a few countries on the exports side. For example, one-fourth of all copper produced in 2023 came from Chile. The flip side of this means some of these major resource exporters have a significant amount of commodity dependence.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Saudi Arabia to Prioritize Non-Oil Sectors in $1 Trillion Investment PlanSaudi Arabia plans to direct a smaller portion of its $1 trillion strategic investments to the oil industry, prioritizing non-oil sectors for economic diversification.
Herkunft: OilandEnergy - 🏆 34. / 68 Weiterlesen »

Russia's Sanctioned Vessels Still Working the Global Oil MarketRussia is pushing forward with oil product exports using vessels sanctioned by the European Union
Herkunft: OilandEnergy - 🏆 34. / 68 Weiterlesen »