Crude oil and petroleum products have the largest share in global merchandise exports
Petrol
Oil and products made from this raw material represent, on average, 30% of global merchandise exports, valued at 1.5 trillion dollars annually, according to a visualcapitalist.com analysis. The study made an annual estimate of these exports based on the data from 2019-2021 included in The State of Commodity Dependence 2023, a report published by the UN Trade & Development (UNCTAD). According to the quoted source, in the more than 5 trillion dollars - the global exports of goods - the second
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