Charted: $5 Trillion in Global Commodity Exports by Sector

Charted: $5 Trillion in Global Commodity Exports by Sector

The global commodity trade is dominated by a few key sectors and commodities. Energy, particularly petroleum products, accounts for the largest share of exports, contributing to a total value of $2 trillion annually. Agriculture and minerals follow closely behind, each contributing around $1.9 trillion and $1.4 trillion, respectively.

Image source: Visual Capitalist

Breakdown of Top Commodities:

  • Petroleum Products: The most valuable commodity, representing 30% of total exports.
  • Crop Products & Forestry: Includes wheat, wood, and other agricultural products.
  • Base Metals & Other Minerals: Includes copper, iron, aluminum, and precious metals like gold and silver.
  • Precious Stones & Metals: Includes diamonds and other precious stones.
  • Natural Gas, Coal, Electricity: Additional energy commodities contributing to the sector's dominance.

Concentration and Economic Implications:

The commodity trade is concentrated in a few countries, which can lead to economic challenges for those heavily reliant on exports. A decline in international prices for these commodities can negatively impact financial stability and public spending in these regions.


Source: Visual Capitalist