diff --git a/package/python-s3transfer/python-s3transfer.hash b/package/python-s3transfer/python-s3transfer.hash
index 0ebf07473a..8c9c9bb873 100644
--- a/package/python-s3transfer/python-s3transfer.hash
+++ b/package/python-s3transfer/python-s3transfer.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/s3transfer/json
-md5  7ae51a57b7d5703ecf9d348b6f8a20ed  s3transfer-0.14.0.tar.gz
-sha256  eff12264e7c8b4985074ccce27a3b38a485bb7f7422cc8046fee9be4983e4125  s3transfer-0.14.0.tar.gz
+md5  8be597569deb76004da45a021f05e0ea  s3transfer-0.16.0.tar.gz
+sha256  8e990f13268025792229cd52fa10cb7163744bf56e719e0b9cb925ab79abf920  s3transfer-0.16.0.tar.gz
 # Locally computed sha256 checksums
 sha256  cfc7749b96f63bd31c3c42b5c471bf756814053e847c10f3eb003417bc523d30  LICENSE.txt
diff --git a/package/python-s3transfer/python-s3transfer.mk b/package/python-s3transfer/python-s3transfer.mk
index 48590fdf0f..e9dbf4aa03 100644
--- a/package/python-s3transfer/python-s3transfer.mk
+++ b/package/python-s3transfer/python-s3transfer.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_S3TRANSFER_VERSION = 0.14.0
+PYTHON_S3TRANSFER_VERSION = 0.16.0
 PYTHON_S3TRANSFER_SOURCE = s3transfer-$(PYTHON_S3TRANSFER_VERSION).tar.gz
-PYTHON_S3TRANSFER_SITE = https://files.pythonhosted.org/packages/62/74/8d69dcb7a9efe8baa2046891735e5dfe433ad558ae23d9e3c14c633d1d58
+PYTHON_S3TRANSFER_SITE = https://files.pythonhosted.org/packages/05/04/74127fc843314818edfa81b5540e26dd537353b123a4edc563109d8f17dd
 PYTHON_S3TRANSFER_SETUP_TYPE = setuptools
 PYTHON_S3TRANSFER_LICENSE = Apache-2.0
 PYTHON_S3TRANSFER_LICENSE_FILES = LICENSE.txt