In 2024, Kuwait leads global fuel exports, accounting for 96.03% of its goods exports. Angola and Azerbaijan follow closely with 95.24% and 91.75%, respectively. Noteworthy trends include a substantial surge in fuel exports from East Timor (510.56%), indicating significant growth potential. Conversely, Malta experienced a significant decline (-33.08%). Major global players like Saudi Arabia and the United Arab Emirates also show stable percentages, reflecting their strong foothold in the market. The United States saw a notable increase (10.96%), whereas countries like Oman witnessed a sharp drop (-26.79%). Nations such as Belgium and Mozambique are also seeing impressive uptake in their fuel export contributions.
Future trends to monitor in the global fuel export market encompass the exploration of renewable energy sources, geopolitical developments affecting supply chains, and technology advancements in extraction and transportation. Additionally, the impact of government policies and international treaties on fuel export dynamics will be crucial in predicting the market's trajectory. Keeping an eye on emerging markets with high year-on-year growth rates will also provide insights into future global shifts.
Top countries in Fuel Exports by Country
| # | 10 Countries | Percent of Goods Exports | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kuwait | 96.03 | 2023 | -0.012% | +1.1% | View data |
| 2 | 2 Angola | 95.24 | 2023 | +0.33% | -0.091% | View data |
| 3 | 3 Azerbaijan | 91.75 | 2023 | -0.85% | +0.0026% | View data |
| 4 | 4 Nigeria | 90.8 | 2023 | +0.079% | -0.71% | View data |
| 5 | 5 Guyana | 87.79 | 2022 | +27.33% | +794.92% | View data |
| 6 | 6 Qatar | 85.5 | 2023 | -2.05% | -0.15% | View data |
| 7 | 7 Republic of the Congo | 84.73 | 2023 | +2.62% | +0.6% | View data |
| 8 | 8 Norway | 80.35 | 2023 | +1.36% | +5.28% | View data |
| 9 | 9 Brunei | 80.05 | 2023 | -0.28% | -3.48% | View data |
| 10 | 10 Saudi Arabia | 76.49 | 2023 | -0.43% | View data |
Latest reports
US Energy Market Report- Q4 2024
The fourth quarter of 2024 has been transformative for the US energy market, characterized by substantial growth in renewable energy sectors and strategic...
China Energy Market Report- Q4 2024
The fourth quarter of 2024 has been a pivotal period for China's energy market, marked by significant developments across various segments. This summary...
Japan Energy Market Report- Q4 2024
In the fourth quarter of 2024, the energy sector in Japan underwent significant transformations driven by policy shifts, technological advancements, and market dynamics....
Germany Energy Market Report- Q4 2024
The fourth quarter of 2024 marks a pivotal period for the energy landscape in Germany, characterized by significant advancements and challenges across various...
India Energy Market Report- Q4 2024
The fourth quarter of 2024 marked a period of transformative developments within India's energy market, driven by significant milestones in renewable energy and...
France Energy Market Report- Q4 2024
The France energy market in Q4 2024 is characterized by a complex interplay of renewable energy expansion, nuclear energy challenges, and economic pressures....
Canada Energy Market Report- Q4 2024
In Q4 2024, the Energy Canada market experienced dynamic shifts with notable developments across oil, gas, and renewable energy sectors. Key drivers included...
Brazil Energy Market Report- Q4 2024
In Q4 2024, Brazil's energy sector is characterized by significant advancements and strategic shifts, particularly in renewable energy adoption and traditional fuel production....
South Korea Energy Market Report- Q4 2024
The South Korea energy market in Q4 2024 is characterized by significant shifts towards renewable energy, strategic policy changes in nuclear energy, and...
Australia Energy Market Report- Q4 2024
In the fourth quarter of 2024, Australia's energy market has experienced significant transformations driven by advancements in renewable energy projects, strategic investments, and...