Stat of the week: In Vanuatu, 24% of total imports are fuel imports in 2019

Submitted by linkadmin on

In Vanuatu, 24% of total imports were fuel imports in 2019.

Fuel imports cost the Pacific region US$6 billion annually, or around 5 to 15% of GDP for each economy. This is an enormous economic burden. With its vast natural resources, a history and culture of independence and subsistence together with its low energy intensity, the Pacific subregion offers great advantages for energy transition leadership. So, there are solutions to alleviate this cost. (Source: ESCAP)

Let's discover more about imports in the trade dashboard.

Featured Image
""
Migrated
On
Categories
URL Link
https://www.spc.int