Commodities are of strategic importance to every country in the world, as the global economy would not function without them. Wars have been fought over commodities, and even today commodities are used as leverage for international business. This means that commodities are one of the most valuable goods that countries have. But which 5 countries have the most commodities?1
Russia is the country with the largest landmass on the planet with 11%. Unbelievable many untouched natural resources lie under the earth, and probably even more than estimated because, under the ice masses of Siberia, the Far East or the Ural Mountains are probably still hidden many undiscovered natural resources. Russia is a major producer of energy products such as oil, gas, coal, and uranium. It is also a major producer of base metals such as aluminum, nickel, copper, and magnesium. Of course, precious metals such as gold, silver, platinum, and palladium also largely come from Russia.
India is the 7th largest country on earth with about 2% of the earth’s landmass. The country is also the second-largest country in terms of population with 1.3 billion people. India is another country rich in natural resources, especially coal, with the 4th largest reserves in the world. In addition, the country has large reserves of iron ore, manganese, bauxite (raw material from which aluminum is produced), and chromium.
Canada, the second-largest country in the world, occupies about 6% of the earth’s landmass. Canada is famous for its mining industry and its huge deposits of raw materials. Canada is the main producer of potash and has large resources of oil, gas, coal, and uranium. In addition, Canada is one of the largest producers of gold and a major producer of base metals such as copper, iron ore, and nickel.
2. Saudi Arabia
Saudi Arabia is a much smaller country compared to the other countries in the ranking, with only 1.4% of the global earth’s mass. The country is best known for its seemingly endless oil reserves, which account for over 22% of the world’s total. Saudi Arabia is also the world’s largest exporter of crude oil. But base metals such as copper, zinc, and tungsten can also be found here.
China is the third-largest country in the world (about 6% of the earth’s landmass) and, with over 1.4 billion people, is also the most populous. The country is currently probably the most important raw materials hub in the world because almost everything that is needed in the world is produced in China. China is the main producer of gold, aluminum, steel, and rare earth. In addition, the country is rich in wood, coal, graphite, and base metals such as copper, tin, manganese, tungsten, and lead.