In 2023, China's support for fossil fuels in transportation led globally, standing at 20.6 billion USD. Australia, Italy, and France followed with figures of 6.3, 5.97, and 5.63 billion USD, respectively. A notable increase was observed in Ukraine (35.27%) and Finland (10.98%), while significant declines were seen in Indonesia (-42.65%) and Argentina (-5.58%). Over the past five years, many European countries like Belgium and Russia experienced notable average annual increases.
Future trends to watch include the role of government policies on fossil fuel dependency and transition to sustainable energy sources, especially in major economies. Efforts to curb emissions and technological advancements in transport may also influence this dynamic, spurring shifts in market support. A growing focus on sustainability could alter support structures significantly in the coming years.
Top countries in Total Support on All Fossil Fuels for Transportation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 20,600 | 2023 | -1.78% | +1.1% | View data |
| 2 | 2 Australia | 6,300 | 2023 | +4.83% | +3.45% | View data |
| 3 | 3 Italy | 5,970 | 2023 | +5.45% | +2.35% | View data |
| 4 | 4 France | 5,630 | 2023 | +6.31% | +5.93% | View data |
| 5 | 5 Switzerland | 2,330 | 2023 | +11.75% | +0.56% | View data |
| 6 | 6 South Africa | 2,050 | 2023 | +7.54% | +2.46% | View data |
| 7 | 7 Ireland | 1,860 | 2023 | +8.63% | +0.5% | View data |
| 8 | 8 Sweden | 1,530 | 2023 | +0.022% | +7.84% | View data |
| 9 | 9 Chile | 1,430 | 2023 | +10.41% | +6.71% | View data |
| 10 | 10 Argentina | 1,400 | 2023 | -1.26% | -5.58% | View data |
