How we compute "% of Consumption" exposure, per commodity tier. Data year: 2024 (BACI) + 2023 (USGS est.) + 2022 (FAOSTAT).
Tier 1 — Official consumption Crude Petroleum · Refined Petroleum · LNG · LPG
Directly from the EIA International Energy Statistics (bulk INTL, 2024). For refined petroleum / LNG / LPG we use the published "consumption" series (already net of exports). For crude, we use apparent consumption because EIA has no direct series:
Apparent Consumption = (Production + Imports − Exports)
% = ( Gulf imports ÷ (Production + Imports − Exports) ) × 100
Tier 2a — USGS apparent consumption Sulfur · Helium · Aluminum · Ammonia
Production comes from the USGS Mineral Commodity Summaries 2024 (2023 estimate, fallback 2022). Trade flows come from BACI. Units normalized to tonnes before comparison.
Apparent Consumption = (Production + Imports − Exports)
% = ( Gulf imports ÷ (Production + Imports − Exports) ) × 100
Unit conversions: Sulfur/Aluminum kt × 1000 → t · Helium million m³ × 178.57 → t (at 5,600 m³/t) · Ammonia kt contained N ÷ 0.82 → physical NH₃ kt.
Tier 2b — FAOSTAT nitrogen proxy Urea · DAP
For finished fertilizer products we don't have per-country consumption of the finished good, so we compare the nitrogen content of Gulf imports to the country's total nitrogen agricultural use reported by FAOSTAT (2022).
N in Gulf imports = (Gulf tonnes × N fraction) [urea 46%, NH₃ 82%, DAP 18%]
% = ( (Gulf tonnes × N fraction) ÷ (FAOSTAT N agricultural use) ) × 100
Tier 3 — Import-share fallback Methanol · MEG · Ethylene · PP · PE · p-Xylene · Styrene · Bitumen · MTBE
No free per-country consumption data exists for these petrochemicals, so we show Gulf share of total imports tagged PROXY. This is the % of the country's imports (not consumption) that originate in the Gulf.
% = ( Gulf imports ÷ (Total world imports) ) × 100
Sources: BACI / CEPII (bilateral trade, HS22, 2024) · EIA International Energy Statistics (2024) · USGS MCS 2024 · FAOSTAT Fertilizers by Nutrient (2022). Stock changes are not accounted for in apparent consumption. Values capped at 100% for sanity.