Oil Dominates the $5 Trillion Global Commodity Market ...Middle East

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Oil Dominates the $5 Trillion Global Commodity Market
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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. Figures rounded. When including natural gas, electricity, and…

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