In 2023, China led Global Direct Transfer on Petroleum with a share of $47.44 million, followed by Mexico and Argentina. China showed a modest increase while Argentina posted significant growth. Notable percentage growth was seen in Canada. Contrarily, substantial declines were noted in Indonesia and Switzerland. Brazil, Colombia, and South Korea also saw decreases. The United States and Italy remained relatively stable.
Future trends to watch include China's ongoing growth and potential stabilization or reduction as energy shifts occur. Watch Canada for sustained growth due to infrastructure changes and Argentina which might continue expanding its energy sector contributions. Monitoring ASEAN nations' policies might affect Indonesia's future performance.
Top countries in Direct Transfer on Petroleum for All Beneficiaries or Sectors Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 47.44 | 2023 | -3.18% | +0.93% | View data |
| 2 | 2 Mexico | 13.35 | 2023 | +30.08% | View data | |
| 3 | 3 Argentina | 12.01 | 2023 | +7.8% | +6.58% | View data |
| 4 | 4 India | 5.13 | 2023 | -11.92% | -18.78% | View data |
| 5 | 5 Japan | 4.43 | 2023 | +1.25% | +5% | View data |
| 6 | 6 Canada | 4.22 | 2023 | +31.99% | +168.15% | View data |
| 7 | 7 Brazil | 3.64 | 2023 | +4.42% | -7.39% | View data |
| 8 | 8 Chile | 3.29 | 2023 | +15.44% | +11.01% | View data |
| 9 | 9 United States | 1.9 | 2023 | +0.066% | -2.12% | View data |
| 10 | 10 Greece | 1.82 | 2023 | +6.47% | +5.1% | View data |
