In 2023, global direct transfer for petroleum production highlighted Mexico as a leader, maintaining its position with no variation. Japan and China observed modest growth, notably Japan at 4.74%. Meanwhile, the U.S. and Australia showed positive trends, with year-on-year increases of 4.19% and 7.18% respectively. Conversely, Russia suffered a significant decline at -5.45%, alongside South Korea and Switzerland with -10.33% and -15.7% respectively. Over the past five years, compound annual growth rates suggest stabilizing factors influencing this sector.
Future trends to monitor include the impact of international climate agreements and shifts towards renewable energy, potentially reducing dependence on fossil fuel subsidies.
Top countries in Direct Transfer on Petroleum for Fossil Fuel Production by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 5,830 | 2023 | +30.1% | View data | |
| 2 | 2 Japan | 1,910 | 2023 | +1.02% | +4.74% | View data |
| 3 | 3 China | 1,730 | 2023 | -0.39% | +1.37% | View data |
| 4 | 4 United States | 427.21 | 2023 | +7.37% | +4.19% | View data |
| 5 | 5 Indonesia | 402.29 | 2023 | +7.41% | View data | |
| 6 | 6 India | 237.85 | 2023 | +1.95% | +19.08% | View data |
| 7 | 7 Azerbaijan | 190.36 | 2023 | +37.02% | -1.11% | View data |
| 8 | 8 Colombia | 141.65 | 2023 | -1.26% | -1.01% | View data |
| 9 | 9 Russia | 117.7 | 2023 | +5.18% | -5.45% | View data |
| 10 | 10 Italy | 47.8 | 2023 | -0.061% | -0.8% | View data |
