Natural resources are commodities. which is the raw material used in the production of everything we use From intermediate products to finished products These resources are found in the world among the reserves not extracted.
Renewable resources are resources whose supply does not decrease with use. This includes solar energy, wind energy and hydroelectricity. Non-renewable resources such as fossil fuels and mined metals have limited reserves which are depleted by extraction.
Natural resources exist all over the world. Although the deposits are often concentrated by geological processes,
Here are the 10 countries with the most valuable natural resources according to total estimates as of 2021, according to Statista.
major problems
- Natural resources are valuable because they can be extracted to produce goods and services.
- Natural resources occur naturally on Earth and exist independently of man.
- Natural resources are renewable and limited in scope.
- Mining is the primary industry for many of the countries on the list.
- in the same way Oil and gas constitute the majority of the natural resources of these countries.
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Natural resources of the United States
The United States has the largest proven coal reserves in the world. It is also rich in copper, lead, molybdenum, phosphate, rare earths, uranium, bauxite. gold Iron, mercury, nickel, potassium, silver, tungsten, zinc, petroleum, natural gas, timber and arable land.
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1. Russia
According to Statista estimates, Russia’s natural resources are worth $ 75 trillion, which includes coal, oil and natural gas. gold Wood and Rare Metals, the Russian Ministry of Natural Resources and Environment estimates a much lower valuation at $ 910 billion in 2019.
Russia holds the world’s most proven natural gas reserves at 1.32 billion cubic feet, which is nearly 20% of the world’s total gas supply by 2020. Russia also has the second largest gold reserves with 6,800 tons or more than 12% of the global total in 2021
Russia is the world’s third largest producer of crude oil with 12% of global supply in 2020. Russia’s proven oil reserves are the sixth largest in the world with approximately 107.8 billion barrels.
for the diamond industry The country accounts for a third of global production in 2021 and 61% of raw material reserves.
2. United States
The estimated value of natural resources in the United States is 45 trillion dollars, of which almost 90% are wood and coal, in fact the United States is the leading producer of coal by 2020 with the largest certified coal reserves in the world.
Other resources include copper. gold It also contains lead, molybdenum, phosphate, rare earths, uranium, bauxite, iron, mercury, nickel, potassium, silver, tungsten, zinc, petroleum, natural gas, timber and arable land.
3. Saudi Arabia
Saudi Arabia is a small country in the Middle East and is slightly larger than Mexico. Saudi Arabia has $ 34.4 trillion in natural resources. especially oil The country has been a major exporter since the discovery of oil in 1938.
With 15% of world reserves by 2020, the country’s economy is heavily dependent on oil exports, however natural gas production and processing has increased since 2015, while oil has declined. other natural resources Saudi Arabian products include copper, feldspar, phosphate, silver, sulfur, tungsten and zinc.
4. Canada
Fourth on the list is Canada. This vast country has approximately $ 33.2 trillion in natural resources. It has the third largest oil field after Venezuela and Saudi Arabia. goodsThe country possesses industrial minerals such as gypsum, limestone, rock salt, and potash, as well as energy-producing minerals such as coal and uranium.
Metals in Canada include copper, lead, nickel and zinc and precious metals such as gold Platinum and Silver Canada is a major producer of natural gas.
5. Iran
Iran’s natural resources are estimated at $ 27.3 trillion in 2020. The country is the fifth largest producer of crude oil in the Organization of Petroleum Exporting Countries (OPEC) and in 2019 it was the world’s third largest producer of natural gas . Other Natural Resources Others include coal, chromium, copper, iron ore, lead, manganese, zinc and sulfur. Cultivated land, pistachios, saffron and fruit also contributed to their estimated value.
There is a natural relationship between the economy and the world’s natural resources as the global economy grows. The demand for raw materials continues to increase.
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6. China
China has about $ 23 trillion in natural resources. Ninety percent of China’s resources are coal and rare metals. Wood is another important natural resource found in the country. as well as agricultural land
In addition, due to natural water resources It has the largest hydroelectric potential in the world. Other Resources China’s possessions include rice, oil and natural gas. and a large number of metals such as gold Aluminum and minerals
7. Brazil
Brazil has $ 21.8 trillion in natural resources, including gold, iron, oil and uranium. In 2019, Brazil was the eighth largest oil producer in the world. A 2018 estimate found that 61.9% of the total area was wooded and 23.5% consisted of permanent grassland.
The company’s mining industry focuses on bauxite, platinum and copper. gold Iron and tin Wood is also a precious natural resource. Brazil has a huge installed capacity of hydroelectricity.
8. Australia
Australia has approximately $ 19.9 trillion in natural resources. This includes coal, lumber, copper, iron ore. gold and Australian uranium, which is about 80% the size of the United States. It is a major producer of oil and liquefied natural gas. The proven oil reserves measure 2.4 billion barrels at the end of 2021.
The country is also the largest net exporter of coal with 29% of global coal exports. Other natural resources are alumina, iron ore, copper, tin. gold Silver, uranium, nickel, tungsten, rare earths, sand, lead, zinc and diamonds.
9. Iraq
Iraq possesses natural resources worth $ 15.9 trillion. The desert landscape contains oil, natural gas, phosphate and sulfur. Iraq is OPEC’s second largest producer of crude oil. Ranked 5th in the world with proven crude oil reserves. and it depends on the export of crude oil for a large amount of income.
10. Venezuela
This South American country has about $ 14.3 trillion in natural resources, including steel, natural gas, and oil in 2019. It is OPEC’s fourth largest oil producer and in 2020 has the most proven oil reserves in the world. It also has the 10th largest natural gas reserve. Other natural resources include iron ore. gold Bauxite, hydroelectricity and diamond
Which country has the most natural resource value?
Russia’s natural resources are estimated to be worth $ 75 trillion, including crude oil, natural gas, coal, and rare metals. By 2021, the company ranks third in the world for industrial diamond production.
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