As of April 2024, 58 countries have released national hydrogen strategies, outlining their intentions to position themselves as importers or exporters of hydrogen. The strategies reveal that only 12 countries plan to become importers, mostly in Asia and Europe, while the majority aim to be exporters, including existing fossil fuel exporters and new entrants. The shift towards hydrogen and its derivatives presents an opportunity for economic diversification, attracting foreign direct investment and creating new industries. Countries like India, Kenya, and the United States prioritize domestic market growth alongside exports, while others like Argentina focus on export targets. The potential for renewable hydrogen production also offers opportunities to replace fossil fuel imports and enhance energy security.