In 2023, China's direct transfer on petroleum for transportation led globally at 13.68 Billion USD, though it experienced a slight decline of 0.97% from the previous year. Chile exhibited significant growth at 11.7%, with a value of 1.49 Billion USD. Conversely, Colombia, Brazil, and Indonesia reported contractions of 7.98%, 9.91%, and a sharp 42.64%, respectively. Argentina's value fell by 3.88% while Ireland grew modestly by 8.11%, reaching 0.01737 Billion USD. The Compound Annual Growth Rate (CAGR) over the past five years highlights these fluctuations amid broader economic dynamics.
Future trends to watch include:
- The impact of renewable energy adoption on petroleum demand.
- Technological innovations in transportation reducing petroleum dependency.
- Policy shifts influencing petroleum trade and consumption patterns.
Top countries in Direct Transfer on Petroleum for Transportation by Country
| # | 7 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 13,680 | 2023 | -5.34% | -0.97% | View data |
| 2 | 2 Chile | 1,490 | 2023 | +15.74% | +11.7% | View data |
| 3 | 3 Colombia | 723.86 | 2023 | +26.74% | -7.98% | View data |
| 4 | 4 Brazil | 505.19 | 2023 | +38.58% | -9.91% | View data |
| 5 | 5 Argentina | 290.81 | 2023 | +2.9% | -3.88% | View data |
| 6 | 6 Indonesia | 184.67 | 2023 | -84.54% | -42.64% | View data |
| 7 | 7 Ireland | 17.37 | 2023 | +9.45% | +8.11% | View data |
