Category Archives: Commodities

The 50 Largest Ports in the World

worlds 50 largest portsEvery day finished goods and commodities are transported  by sea in shipping containers from one port to another across the globe. Standard shipping containers measure 20 feet long by eight feet wide, hence they receive the name of “Twenty-foot Equivalent Units” or TEUs.

The largest port in the world is in Shanghai (China) which saw a volume of 31.74 million TEUs of cargo freight passing through its port in 2011. Shanghai is followed by Singapore (Singapore) which saw a volume of 29.94 million TEUs passing through its port for the same year. Singapore is followed by Hong Kong, Shenzhen (China), Busan (South Korea), Ningbo, Guangzhou, and Qingdao (China), Dubai Ports (United Arab Emirates), and Rotterdam (Netherlands), all in the top ten.

For the interactive map, that allows you to explore each one of the largest 50 ports in the world, visit: The Smithsonian: Interactive: The 50 Largest Ports in the World

 

The World’s Largest Oil Reserves by Country

strategic oil reserves worldOil reserves are the amount of oil that can be technically and economically recovered from the ground.

Nations with the world’s largest oil reserves include Saudi Arabia, Venezuela, Iran, Iraq, Kuwait, United Arab Emirates, Russia, and Libya. Saudi Arabia, holds an approximate 234.5 billion barrels of oil reserves, and it has the largest market share for oil production after Russia. Saudi Arabia is followed by Venezuela, with an estimated 211.0 billion barrels of oil reserves, although its current oil production market share is only 3.2%.

By comparison, the United States has an estimated 30.9 billion barrels in oil reserves, and  8.7% market share in oil production.

Source: Spiegel Online: A World without Oil: Companies Prepare for a Fossil-Free Future

 

Gasoline Prices in Europe by Country

According to Russian news agency Ria Novosti, Norway has the highest gasoline price among European countries, with a price of 1.90 Euro per liter ( or US $9.475 per gallon at the current exchange rate of 1 Euro = US $1.31). Norway is followed by Italy, Netherlands, Sweden, and Greece.

The lowest gasoline prices are found in Belarus and Kazakhstan, 0.68 Euros and 0.70 Euros per liter, respectively. The average gasoline price for European nations is 1.39 Euros per liter.

 

Fossil Fuel Subsidies Globally

Fossil fuel subsidies are very common in developing nations. Subsidies cover the difference between the price at which fossil fuels are sold inside the country and their actual price in international markets, creating a huge fiscal burden (an estimated $400 billion annually) for the countries that provide them. Developing nations with fossil fuel subsidies include: Venezuela, Argentina, Ecuador, Algeria, Libya, Egypt, Kuwait, Iran, Pakistan, Russia, China, India, Indonesia, etc.

Developed nations also provide subsidies in the form of tax breaks to the oil industry and other measures (estimated at a cost of $45 to $75 billion per year). Nations in this group include many OECD (Organization for Economic Co-operation and Development) members.

For the interactive map, visit: National Geographic: The Great Energy Challenge: Fossil Fuel Burden on State Coffers

 

Milk Consumption Per Capita Worldwide

Milk and milk products are consumed all over the world on a daily basis. As shown in the graph above, the largest consumers of milk in the Americas are the U.S., Canada, Nicaragua, and Argentina. In Europe the largest consumers of milk are Sweden, Finland, Netherlands, Switzerland, Portugal, Greece, and Kazakhstan. In Africa, we have Sudan and South Sudan. Australia is also one of the largest consumers of milk.

The consumption of milk in this map is defined as Kg. of milk consumed per person per year.

Resource: Food Beast: Map of Milk Consumption & Lactose Intolerance Around the World

 

Sweet Deal: The Global Trade of Chocolate

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This visualization by The Guardian, actually made out of real chocolate, depicts the world trade (exports and imports) of chocolate. Between 2010 and 2011, 4.24 million tons of cocoa beans were processed worldwide.

The top cocoa bean producers are: Ivory Coast, Ghana, Indonesia, Nigeria, Cameroon, Brazil, and Ecuador, among others. The top importers include: Netherlands, the United States, Germany, Malaysia, Belgium, France, the UK, and Spain.

For a list of the top global confectionery companies, visit: International Cocoa Organization: The Chocolate Industry

 

Coffee Consumption Per Capita Worldwide

Coffee production and consumption is believed to have originated in Africa, more specifically in the province of Kaffa, Ethiopia. In the fifteen century it was already present in the Middle East. From there it spread to Italy and then to the rest of Europe. From Europe it traveled to the New World, where it was first cultivated in the Caribbean island of Martinique. During the first quarter of the eighteen century it was brought to Colombia and Brazil.

Coffee is an important cash crop in many developing countries. It is also an important commodity traded in major commodity exchanges around the world. The largest coffee producers include: Burundi, Ethiopia, Rwanda, Honduras, Uganda, and Nicaragua among others.

According to ChartsBin, coffee consumption around the world is estimated at 1.3 Kilograms per person per year (a total of 7,358,897 metric tons). In the map above, we can see that the countries with the largest coffee consumption per capita include: Finland (12 Kg. per person per year), Norway, Iceland, Denmark, Netherlands, Switzerland, followed by Canada, Germany, Brazil and other western European nations.

Sources:

 

Countries With the Largest Gold Reserves

According to a World Gold Council report, world official gold reserves are estimated to be 31,575 tonnes as of January 2013. The United States ranks number one in official gold holdings with 8,133 tonnes. It is followed by Germany, the IMF (International Monetary Fund), Italy, France, China, Switzerland, Russia, Japan and the Netherlands. All other countries combined hold 7,325.5 tonnes in gold reserves. The countries in that group include India, Taiwan, Portugal, Venezuela, Saudi Arabia and Turkey. The Euro area holds 10,783 tonnes in gold reserves.

Resource Investor reports that central banks increased their official gold holdings to 500 tonnes in 2012 from 465 tonnes in 2011.

Resources:

 

The Cheapest and Most Expensive Places to Fill Your Gas Tank

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Gas prices go up or down according to supply-demand forces and to movements in the commodities market. According to this map, published by the Car and Driver blog, prices in the United States ($3.85 per gallon) are not that bad compared to gas prices in other countries.

European nations have the highest gas prices, above $7 per gallon. If you were in Turkey you will have to pay the highest price, a steep $9.39 per gallon. Turkey’s gas prices are followed by Norway ($9.38), Italy ( $9.00), Sweden ($8.75), the United Kingdom ($8.46), Germany ($8.29), and Iceland ($8.01).

In the Americas, the highest gas prices can be found in Belize ($7.59), followed by Uruguay ($6.99), Chile($6.60), Peru ($5.95), Argentina ($5.52) and Canada ($5.14). Gas prices are significantly low in Venezuela ($0.06) and Bolivia ($2.05) due to government subsidies.

Africa enjoys low gas prices, except for Djibouti ($6.48), Madagascar ($5.74), Zimbabwe ($5.38), and South Africa ($5.15).

In Asia, Japan pays the highest gas prices, $6.87 per gallon, followed by the Philippines ($5.43), and India ($5.42).

In Australia, New Zealand and Australia’s gas prices per gallon are $6.75 and $5.64, respectively.

 

Colombian Coal

We recently added Colombian coal to the list of commodities that we track in our commodities section. You can now analyze the average monthly price of Colombian coal for the past 30 years, as seen in the graph below.

Coal, Colombia - Monthly Price - Commodity Prices - Price Charts, Data, and News - IndexMundi

In addition to monthly price data, we also have production, consumption, exports, and imports of Colombian coal in terms of quantity, and value in dollars of Colombian coal exports and imports.