The highest direct transfer for fossil fuel production among countries in 2023 was Mexico, followed by China, Indonesia, and Japan. Mexico's contribution remained constant, while the United Kingdom and Indonesia saw significant increases of 226.74% and 222.38% respectively. In contrast, countries like Germany and Argentina experienced declines of 2.09% and 7.94% respectively. Over the last five years, the Compound Annual Growth Rate (CAGR) indicates mixed trends with significant increases from select countries like the UK.
Future trends to watch include continued policy shifts towards renewable energy which may affect direct transfers. Geopolitical changes and economic adjustments in major fossil fuel-producing countries could also impact values dramatically.
Top countries in Direct Transfer on All Fossil Fuels for Fossil Fuel Production by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 7,230 | 2023 | +30.06% | View data | |
| 2 | 2 China | 4,860 | 2023 | +5.86% | +5.54% | View data |
| 3 | 3 Indonesia | 2,630 | 2023 | +9.82% | +222.38% | View data |
| 4 | 4 Japan | 2,620 | 2023 | +0.6% | +5.48% | View data |
| 5 | 5 Germany | 1,600 | 2023 | -5.49% | -2.09% | View data |
| 6 | 6 Argentina | 1,360 | 2023 | -1.42% | -7.94% | View data |
| 7 | 7 United Kingdom | 1,030 | 2023 | +33.01% | +226.74% | View data |
| 8 | 8 Poland | 835.58 | 2023 | +2.25% | -0.33% | View data |
| 9 | 9 Azerbaijan | 497.1 | 2023 | +36.99% | -0.99% | View data |
| 10 | 10 India | 352.35 | 2023 | +2.41% | +12.29% | View data |
