In 2023, Mexico led in global support for petroleum, reaching 6.26 billion USD, witnessing a year-on-year increase of 138.84%. Canada also saw significant growth at 191.04%. Japan and the United States experienced modest increases of 2.17% and 4.94% respectively. Conversely, Colombia, Norway, Russia, and Switzerland faced declines in support, with Russia decreasing by 21.44%. China, Australia, and New Zealand saw slight to moderate increases. The compound annual growth trends emphasize Mexico and Canada's rapid growth over the past five years, while other countries showed mixed average changes.
Looking ahead, the focus will be on environmental policies impacting petroleum support, technological advancements in the energy sector, and geopolitical influences that may redirect or reshape funding priorities. Countries may increasingly seek to balance economic growth with sustainability goals, affecting future support levels.
Top countries in Total Support on Petroleum for General Services by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 6,260 | 2023 | +30.53% | +138.84% | View data |
| 2 | 2 Canada | 1,960 | 2023 | +32.72% | +191.04% | View data |
| 3 | 3 Japan | 1,520 | 2023 | -1.18% | +2.17% | View data |
| 4 | 4 United States | 437.5 | 2023 | +7.7% | +4.94% | View data |
| 5 | 5 Colombia | 139.54 | 2023 | -2.69% | -4.6% | View data |
| 6 | 6 China | 52.32 | 2023 | -0.81% | +3.23% | View data |
| 7 | 7 Australia | 26.82 | 2023 | +7.29% | +2.04% | View data |
| 8 | 8 Norway | 26.65 | 2023 | -7.18% | -4.75% | View data |
| 9 | 9 Russia | 24.69 | 2023 | -26.53% | -21.44% | View data |
| 10 | 10 New Zealand | 8.95 | 2023 | -1.54% | +8.61% | View data |
