In 2023, China led Global Direct Transfers on Petroleum for Transportation with a significant value of 14.9 billion USD, followed by Chile at 1.56 billion USD. Colombia, despite a declining trend of 10.69%, stood at 0.73867 billion USD. Argentina and Ireland witnessed modest fluctuations, while Japan saw a notable decline of 8.06%. Year-on-year, Chile experienced the highest growth at 10.3%, while Japan encountered significant reduction. Over the last five years, the trends highlight Chile’s steady expansion and Japan’s continued contraction.
Future trends to watch include:
- China’s sustained dominance and potential for innovation in transportation fuels
- Opportunities for growth in underdeveloped markets like Argentina and Colombia
- The shift towards sustainable energy sources and its impact on petroleum demands
Top countries in Direct Transfer on Petroleum for Transportation by Country
| # | 6 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,900 | 2023 | -3.48% | +0.34% | View data |
| 2 | 2 Chile | 1,560 | 2023 | +16.48% | +10.3% | View data |
| 3 | 3 Colombia | 738.67 | 2023 | +24.11% | -10.69% | View data |
| 4 | 4 Argentina | 405.14 | 2023 | +4.81% | -0.84% | View data |
| 5 | 5 Ireland | 17.1 | 2023 | +9.49% | +7.69% | View data |
| 6 | 6 Japan | 4.24 | 2023 | -20.29% | -8.06% | View data |
