China leads in global direct transfer on petroleum with $20.79 billion, showing minimal growth. Canada's impressive 168% increase signals robust growth, whereas India has seen an 18.78% decline. Notably, Argentina has a significant 6.58% rise, and Chile also shows an upward trend at 11.01%. In contrast, Indonesia faces a sharp decline of 46.2%. Established markets like the United States and Brazil exhibit subtle decreases, while Greece and Japan maintain modest growth. Several European countries like Belgium and Ireland have minor fluctuations, hinting at stable yet diverse trends across regions.
Future trends to watch include the potential impact of global energy transitions and policy changes on direct petroleum subsidies. Emerging markets might see increased fluctuations stemming from economic conditions and alternative energy advancements. Moreover, geopolitical tensions could further influence variations in global petroleum transfers.
Top countries in Direct Transfer on Petroleum for All Beneficiaries or Sectors by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 20,790 | 2023 | -3.18% | +0.93% | View data |
| 2 | 2 Mexico | 5,850 | 2023 | +30.08% | View data | |
| 3 | 3 Argentina | 5,260 | 2023 | +7.8% | +6.58% | View data |
| 4 | 4 India | 2,250 | 2023 | -11.92% | -18.78% | View data |
| 5 | 5 Japan | 1,940 | 2023 | +1.25% | +5% | View data |
| 6 | 6 Canada | 1,850 | 2023 | +31.99% | +168.15% | View data |
| 7 | 7 Brazil | 1,600 | 2023 | +4.42% | -7.39% | View data |
| 8 | 8 Chile | 1,440 | 2023 | +15.44% | +11.01% | View data |
| 9 | 9 United States | 834.67 | 2023 | +0.066% | -2.12% | View data |
| 10 | 10 Greece | 795.61 | 2023 | +6.47% | +5.1% | View data |
