Verisk Maplecroft determined that 18 of the 34 countries are dependent on the minerals or hydrocarbons they export, and predicted that the threat of isolationism would increase in the coming years as governments attempt to plug fiscal holes in the wake of the pandemic.
The mining sector will bear the brunt of new measures, according to the report, with some of the world's top producers of copper and iron ore, particularly in Africa and South America, featuring among the top 10 countries at risk.
"It is entirely understandable that governments are casting around for additional sources of revenue in these fiscally constrained times," Verisk's Hugo Brennan, Head of Mining Risk told CNBC on Friday.