In 2023, China's direct transfer on fossil fuels for transportation led globally with $14.9 billion, exhibiting a 0.34% year-on-year increase. Chile followed with $1.56 billion and a notable 10.32% growth. Colombia and Brazil saw reductions of over 10%, spending $0.77 billion and $0.65 billion, respectively. Ukraine's significant 145.48% surge brought its expenditure to $0.064 billion. Ireland rose by 7.69%, Belarus by 5.97%, while Mexico's $0.01 billion remained unchanged.
Future trends to monitor include China's evolving energy policies impacting spending, potential recovery in Latin America, and geopolitical influences affecting Ukraine. Diverse strategies from countries seeking carbon neutrality may shift these expenditures.
Top countries in Direct Transfer on All Fossil Fuels for Transportation by Country
| # | 8 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 | +16.5% | +10.32% | View data |
| 3 | 3 Colombia | 768.88 | 2023 | +22.36% | -10.41% | View data |
| 4 | 4 Brazil | 646.36 | 2023 | +38.58% | -10.1% | View data |
| 5 | 5 Ukraine | 64.07 | 2023 | +10.87% | +145.48% | View data |
| 6 | 6 Ireland | 17.1 | 2023 | +9.49% | +7.69% | View data |
| 7 | 7 Mexico | 9.99 | 2023 | +10.79% | View data | |
| 8 | 8 Belarus | 8.6 | 2023 | +3.42% | +5.97% | View data |
