In 2023, China led in global direct transfers on fossil fuels for producers with $3.94 billion, marking a decrease from 2023, followed by Indonesia ($2.12 billion) showing no change. Argentina, Germany, and the Netherlands experienced notable declines, while Finland showed a significant increase. Other countries like Japan, Israel, Chile, and India registered moderate growth. Over the past five years, trends indicate a diversified growth rate with fluctuating country-specific performances tied to policy changes and energy dependency dynamics.
Looking ahead, future trends suggest increasing diversification in energy policies and potential reductions in fossil fuel subsidies as countries pivot towards sustainable energy solutions, influenced by international pressure and economic transitions towards greener energy sources.
Top countries in Direct Transfer on All Fossil Fuels for Producers by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,940 | 2023 | +5.13% | +4.83% | View data |
| 2 | 2 Indonesia | 2,120 | 2023 | +7.03% | View data | |
| 3 | 3 Argentina | 1,670 | 2023 | -2.78% | -9.94% | View data |
| 4 | 4 Germany | 1,460 | 2023 | -4.16% | -1.79% | View data |
| 5 | 5 Azerbaijan | 800.73 | 2023 | +35.81% | +7.16% | View data |
| 6 | 6 Japan | 636.93 | 2023 | +1.06% | +5.55% | View data |
| 7 | 7 Israel | 153.35 | 2023 | +1.28% | +4.17% | View data |
| 8 | 8 Chile | 111.55 | 2023 | +5.02% | +4.09% | View data |
| 9 | 9 India | 54.23 | 2023 | +17.32% | +14.7% | View data |
| 10 | 10 Netherlands | 19.88 | 2023 | +1.81% | -9.67% | View data |
