Share of CO₂ emissions embedded in trade by country

Annual net carbon dioxide (CO₂) emissions embedded in trade, measured as a percentage of emissions of CO₂.

Countries reporting
117
Highest
337.4%
Hong Kong
Lowest
-43.1%
Bahrain
Median
21.8%
Years covered
34
1990–2023
Data points
4,063

What the numbers show

Share of CO₂ emissions embedded in trade is currently reported for 117 countries. The highest value is 337.4% in Hong Kong; the lowest is -43.1% in Bahrain.

The median across all reporting countries is 21.8%, and the mean is 35.0%.

The gap between the highest and lowest reporting country is a factor of about 8.

Over the past decade 59 countries rose and 58 fell. The largest increase was in Rwanda (up 16,262.1%), and the largest decrease in Mongolia (down 3,836.0%).

Share of CO₂ emissions embedded in trade: full country ranking

#Country LatestYear 10-year changeTrend
2 Hong Kong 337.4% 2023 up 38.6% rising
3 Switzerland 270.0% 2023 up 6.1% rising
4 Singapore 266.0% 2023 down 35.8% volatile
5 Togo 223.7% 2023 up 926.3% volatile
6 Namibia 180.2% 2023 down 16.4% volatile
7 Nepal 157.7% 2023 up 1,256.3% volatile
8 Sri Lanka 142.3% 2023 up 3.7% volatile
9 Belgium 132.1% 2023 up 30.7% volatile
10 Latvia 102.8% 2023 up 41.1% rising
11 Botswana 100.2% 2023 down 15.0% volatile
12 Cambodia 82.4% 2023 down 70.1% volatile
13 Malawi 74.5% 2023 up 319.4% volatile
14 Rwanda 74.5% 2023 up 16,262.1% volatile
15 Costa Rica 73.4% 2023 down 1.9% rising
16 Mauritius 72.5% 2023 up 43.0% rising
17 Kyrgyzstan 72.2% 2023 down 4.5% volatile
18 Paraguay 71.7% 2023 down 21.0% rising
19 Denmark 71.6% 2023 up 100.1% volatile
20 Sweden 68.1% 2023 up 12.1% falling
21 Guinea 65.1% 2023 up 491.0% volatile
22 Kenya 65.1% 2023 down 38.4% volatile
23 Slovenia 64.3% 2023 up 260.3% rising
24 Lithuania 64.0% 2023 up 14.3% rising
25 Bangladesh 60.6% 2023 up 6,019.7% volatile
26 Israel 59.5% 2023 up 74.9% rising
27 Mozambique 58.7% 2023 down 81.7% volatile
28 United Kingdom 58.2% 2023 up 89.0% rising
29 France 50.7% 2023 up 48.0% rising
30 Panama 50.1% 2023 up 166.8% volatile
31 Finland 49.3% 2023 up 61.8% falling
32 Madagascar 44.4% 2023 down 24.6% volatile
33 Estonia 43.9% 2023 up 538.2% volatile
34 Benin 42.3% 2023 down 58.0% falling
35 Uruguay 41.4% 2023 down 24.6% rising
36 Uganda 41.1% 2023 down 22.9% falling
37 Hungary 40.6% 2023 up 10.5% rising
38 Jordan 37.6% 2023 down 32.7% rising
39 Italy 37.4% 2023 up 15.8% rising
40 Senegal 35.2% 2023 down 9.6% rising
41 Austria 34.4% 2023 down 0.5% falling
42 Ethiopia 32.3% 2023 up 297.3% volatile
43 Nicaragua 32.1% 2023 down 9.0% rising
44 Philippines 31.4% 2023 down 15.5% rising
45 New Zealand 31.2% 2023 up 102.6% volatile
46 Ghana 31.0% 2023 down 57.0% rising
47 El Salvador 29.8% 2023 down 28.1% rising
48 Germany 29.4% 2023 up 150.2% flat
49 Greece 29.2% 2023 up 953.9% volatile
50 Guatemala 28.9% 2023 up 272.5% volatile
51 Georgia 28.9% 2023 down 16.5% volatile
52 Croatia 28.4% 2023 down 7.9% volatile
53 Netherlands 28.3% 2023 up 245.8% volatile
54 Cote d'Ivoire 27.1% 2023 up 28.6% volatile
55 Dominican Republic 27.1% 2023 down 77.9% volatile
56 Tanzania 27.0% 2023 down 64.2% falling
57 Tajikistan 26.9% 2023 down 90.3% volatile
58 Portugal 26.1% 2023 up 348.3% volatile
59 Mexico 23.3% 2023 up 22.5% volatile
60 Albania 21.8% 2023 down 0.2% flat
62 Spain 21.0% 2023 down 10.5% rising
63 South Korea 20.3% 2023 up 266.5% volatile
64 Czechia 20.2% 2023 up 527.9% volatile
65 Cyprus 20.0% 2023 up 25.6% volatile
66 Peru 19.4% 2023 down 48.6% rising
67 Ukraine 19.4% 2023 up 225.9% volatile
68 United Arab Emirates 17.9% 2023 down 13.7% volatile
69 Pakistan 17.8% 2023 up 53.4% volatile
70 Colombia 16.1% 2023 down 22.6% volatile
71 Japan 15.7% 2023 up 17.9% falling
72 Thailand 15.4% 2023 up 29.3% volatile
73 Romania 15.3% 2023 up 953.3% volatile
74 Zimbabwe 14.0% 2023 up 305.0% volatile
75 Slovakia 13.9% 2023 up 13.7% volatile
76 Chile 13.6% 2023 up 1.7% volatile
77 Belarus 12.2% 2023 up 47.1% volatile
78 United States 10.4% 2023 up 247.7% volatile
79 Taiwan 10.4% 2023 up 131.6% volatile
80 Ecuador 9.6% 2023 down 14.4% volatile
81 Zambia 7.4% 2023 down 92.4% volatile
83 Cameroon 7.1% 2023 down 70.1% volatile
84 Oman 4.4% 2023 down 50.9% volatile
85 Bolivia 4.1% 2023 up 11.1% volatile
86 Argentina 4.1% 2023 down 45.8% volatile
87 Malaysia 3.7% 2023 down 4.6% volatile
88 Jamaica 3.3% 2023 up 112.3% volatile
89 Armenia 3.3% 2023 down 48.2% volatile
90 Nigeria 3.0% 2023 down 76.2% volatile
91 Bulgaria 2.3% 2023 up 119.8% volatile
92 Morocco 1.4% 2023 down 85.0% volatile
93 Egypt 1.3% 2023 down 47.3% volatile
94 Norway 0.3% 2023 down 98.7% volatile
95 Kuwait -0.7% 2023 up 45.7% volatile
96 Turkey -0.8% 2023 down 105.2% volatile
97 Brazil -2.9% 2023 down 124.0% volatile
98 Australia -3.2% 2023 down 8.2% volatile
99 Poland -3.3% 2023 up 39.5% volatile
100 Saudi Arabia -3.4% 2023 down 52.3% volatile
101 Azerbaijan -4.5% 2023 down 176.1% volatile
102 Indonesia -4.5% 2023 down 237.6% volatile
103 Canada -4.7% 2023 down 155.5% volatile
104 Tunisia -4.9% 2023 up 81.8% volatile
105 Burkina Faso -8.0% 2023 down 165.7% volatile
106 China -10.8% 2023 up 18.3% falling
107 Iran -15.3% 2023 up 24.6% falling
108 Honduras -15.7% 2023 down 117.2% volatile
109 Venezuela -15.9% 2023 up 46.7% volatile
110 India -17.0% 2023 up 5.3% volatile
111 Mongolia -17.2% 2023 down 3,836.0% volatile
112 Russia -18.9% 2023 down 21.3% rising
113 South Africa -25.5% 2023 down 17.1% volatile
114 Kazakhstan -25.7% 2023 down 23.3% rising
115 Vietnam -28.7% 2023 down 47.9% volatile
116 Brunei -29.0% 2023 down 420.3% volatile
117 Qatar -31.2% 2023 up 20.5% falling
118 Trinidad and Tobago -37.1% 2023 up 45.9% falling
119 Laos -38.6% 2023 down 137.0% volatile
120 Bahrain -43.1% 2023 down 13.1% falling

About this data

Indicator
Share of CO₂ emissions embedded in trade
Unit
%
Source
Global Carbon Budget (2025) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 4,063 data points, 1990–2023
Last refreshed

Annual net carbon dioxide (CO₂) emissions embedded in trade, measured as a percentage of emissions of CO₂.