The Global Direct Transfer on Petroleum for Producers exhibits notable variation across countries. In 2023, Argentina led with $1.43 billion, showing a significant 10.68% year-on-year increase. China followed closely with $1.42 billion but saw a slight decrease of 0.62%. Indonesia remained stable without change, while Azerbaijan and Japan experienced changes of -1.08% and 3.79%, respectively. Canada remained constant, whereas India had a substantial increase of 86.16%. Australia and the Netherlands showed no change and a decrease of 9.33% respectively. The significant increases in countries like Argentina and India suggest a potential upward trend in direct transfers.
Future trends to watch include potential growth in direct transfer values in emerging markets like India, driven by increased production demands. Additionally, market volatility and geopolitical developments could significantly affect both the volume and growth rate of these transfers across countries.
Top countries in Direct Transfer on Petroleum for Producers by Country
| # | 9 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 1,430 | 2023 | +8.96% | +10.68% | View data |
| 2 | 2 China | 1,420 | 2023 | -2.92% | -0.62% | View data |
| 3 | 3 Indonesia | 409.65 | 2023 | +7% | View data | |
| 4 | 4 Azerbaijan | 207.08 | 2023 | +37.16% | -1.08% | View data |
| 5 | 5 Japan | 91.96 | 2023 | -1.11% | +3.79% | View data |
| 6 | 6 Canada | 28.03 | 2023 | +25.77% | View data | |
| 7 | 7 India | 8.07 | 2023 | +27.06% | +86.16% | View data |
| 8 | 8 Australia | 5.46 | 2023 | +10.8% | View data | |
| 9 | 9 Netherlands | 0.15 | 2023 | +1.97% | -9.33% | View data |
