COMCEC Trade Outlook 2019
19
for agricultural commodity exporters. Recent oil price collapse underlies the importance of
policies aiming to step up export diversification to enhance resilience to commodity price
volatilities.
Figures 18 and 19 illustrate the share of the basic
commodities in total exports of some member states.
Fuels (SITC 3) was the main exported item in many
members ranging between 42 to 98 per cent of total
exports.
On the other hand, the share of non-monetary gold
reached 66.6, 65.9 and 64.0 per cent of total exports in Suriname Mali and Burkina Faso
respectively.
The share of textile related items in exports reached 89.3 per cent in Bangladesh, 59 per cent in
Pakistan. Basic metals constituted a noticeable place in exports of some member states such as
Mauritania and Niger where the share of metalliferous ores and coal, coke constituted 32.3
and to 33.1 per cent of exports.
Figure 18: Figure 18: Share of Fuels in Total Exports, 2018 (Fuels SITC 3)
Source: UNCTADSTAT Note: Fuels includes petroleum, petroleum products, natural gas, coke and electric
current
Figure 19: Share of Commodities in Total Exports for Selected Countries (latest available
data)
Source: UN Comtrade
Note: Latest available data were used. *Includes SITC Rev 4 sectors 65 and 84.
“Dependence on a single
commodity is still
common among OIC
members”
98 93 93 92 91 91
80 79 77
70
65 64 62
59 59
42
11
0
10
20
30
40
50
60
70
80
90
100
Iraq
Libya
AlgeriaNigeria
Azerbaijan
Brunei
Darussalam
Qatar Chad
Turkmenistan
Kazakhstan
Iran
Saudi Arabia
Oman GabonGabon
OIC
World
Per cent
32.3
33.1
35.7
40.5
41.0
55.3
59.0
64.0
65.9
66.6
89.3
0 20 40 60 80 100
Niger (Metalliferous ores and scrap )
Mozambique (Coal, coke and briquettes)
Sudan (Gold, non-monetary)
Côte d'Ivoire (Coffee, tea, cocoa etc.)
Guyana (Gold-non-monetary)
Afghanistan (Vegetables and fruit)
Pakistan* (Textile fibres and yarn, clothing)
Burkina Faso (Gold,non-monetary)
Mali (Gold-non-monetary)
Suriname (Gold,non-monetary)
Bangladesh *(Textile fibres and yarn, clothing)
Per cent