oil china petrochina
With the global economy in flux, commodity markets have seen remarkable volatility this year. 
Drawing on a UBS report that looks at countries with the most balance sheet risk,
 we looked at the 12 countries whose economies rely the most on commodities. 
Currently, UBS expects global GDP to slow to 3.1% in 2012, from 3.2% in 2011. 
 However, it expects GDP to pick up to 3.4% in 2013.
Should global growth disappoint, demand for these commodities could fall, 
sending these economies into a tizzy.

#12 Malaysia

#12 Malaysia
Image: Craig Morey via Flickr
Commodities / GDP: 14.0%
Malaysia's biggest commodities exports include petroleum and liquefied natural gas,
 wood, palm oil, rubber, chemicals and textiles.
Source: UBS

#11 Russia

#11 Russia
Image: moscowtopnews.com
Commodities / GDP: 16.2%
Petroleum and petroleum products, natural gas, metals, wood, and chemicals,
 are some of Russia's biggest commodities exports.
Source: UBS

#10 Vietnam

#10 Vietnam
Image: International Rice Research Institute
Commodities / GDP: 16.2%
Vietnam's major commodities exports include, crude oil, marine products, and rice.
Source: UBS


#9 Venezuela

#9 Venezuela
Image: AP
Commodities / GDP: 16.7%
Petroleum, bauxite and aluminum, minerals, chemicals,
 and agricultural products are Venezuela's biggest commodities exports.
Source: UBS

#8 Norway

#8 Norway
Image: Marcusroos on Wikipedia
Commodities / GDP: 21.0%
Petroleum, metals, chemicals, and fish are Norway's biggest export commodities.
Source: UBS

#7 Nigeria

#7 Nigeria
Image: AP Images
Commodities / GDP: 27.2%
Petroleum and petroleum based products account for 95% of Nigeria's exports.
 Rubber and cocoa are other major export commodities.
Source: UBS

#6 UAE

#6 UAE
Image: David Lisbona
Commodities / GDP: 29.4%
Crude oil accounts for 45% of the U.A.E.'s exports,
 while other major exports include dried fish and dates.
Source: UBS

#5 Kazakhstan

#5 Kazakhstan
Image: China Photos / Getty Images
Commodities / GDP: 30.2%
Oil and oil products accounts for 59% of Kazakhstan's commodities exports
 Ferrous metals, chemicals, grain, wool, meat and coal are also other major export commodities.
Source: UBS

#4 Oman

#4 Oman
Image: Eric LAFFORGUE/Gamma-Rapho via Getty Images
Commodities / GDP: 41.0%
Petroleum, fish, metals and textiles are Oman's biggest exports.
Source: UBS


#3 Saudi Arabia

#3 Saudi Arabia
Commodities / GDP: 43.3%
Petroleum and petroleum related products are Saudi Arabia's biggest export commodities.
Source: UBS


#2 Qatar

#2 Qatar
Image: www.britannica.com
Commodities / GDP: 51.7%
Liquefied natural gas, petroleum products, and steel are Qatar's biggest export commodities.
Source: UBS


#1 Kuwait

#1 Kuwait
Image: middle-east-online.com
Commodities / GDP: 84.2%
Oil and refined products are Kuwait's biggest export commodities.