In 2023, China led the global direct transfer on fossil fuels for consumers with $53.68 million, while Mexico and Argentina followed with $8.93 million and $7.46 million, respectively. China saw a modest increase of 1.33% year-on-year, whereas Mexico experienced a significant growth of 10.17%. Argentina faced a decline of 14.24%, and India’s transfer decreased by 22.67%. The United States and Indonesia saw reductions of 11.96% and 42.24%, respectively. Conversely, countries like Belgium and the Netherlands demonstrated positive growth, with variations of 9.83% and 8.87% respectively.
Looking ahead, consideration towards energy policy shifts, subsidy reallocations, and sustainable energy initiatives may drive future trends in global direct transfers on fossil fuels. China's energy strategy, in particular, could significantly influence global dynamics, while dipping support in nations with declining trends like Argentina might see these transitions mirrored elsewhere.
Top countries in Direct Transfer on All Fossil Fuels for Consumers Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 53.68 | 2023 | -2.03% | +1.33% | View data |
| 2 | 2 Mexico | 8.93 | 2023 | +7.93% | +10.17% | View data |
| 3 | 3 Argentina | 7.46 | 2023 | -9.84% | -14.24% | View data |
| 4 | 4 Ukraine | 6.37 | 2023 | +3.02% | -0.31% | View data |
| 5 | 5 Italy | 5.32 | 2023 | +8.25% | +2.87% | View data |
| 6 | 6 Brazil | 5.13 | 2023 | +2.89% | -10.88% | View data |
| 7 | 7 India | 4.99 | 2023 | -18.42% | -22.67% | View data |
| 8 | 8 Australia | 3.58 | 2023 | -1.11% | +5.98% | View data |
| 9 | 9 South Africa | 2.66 | 2023 | +4.84% | +5.19% | View data |
| 10 | 10 Colombia | 2.55 | 2023 | +18.09% | -9.16% | View data |
