Crude Petroleum in Malaysia 2021 Exports | Imports : $6.59B | $4.92B, World Rnk 23 / 147 Rnk 7 / 1201 | World Rnk 24 / 163 Rnk 3 / 1208
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $717M | $326M, Australia | Brazil
2021 ECONOMIC COMPLEXITY of Malaysia: 1.09, Rnk 24 / 131
2021 PRODUCT COMPLEXITY IN Crude Petroleum: -2.36, Rnk 1013 / 1024
Exports In 2021, Malaysia exported $6.59B in Crude Petroleum, making it the 23rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 7th most exported product in Malaysia. The main destination of Crude Petroleum exports from Malaysia are: Australia ($2B), Thailand ($1.07B), China ($834M), India ($752M), and Brunei ($749M).
The fastest growing export markets for Crude Petroleum of Malaysia between 2020 and 2021 were Australia ($717M), Brunei ($681M), and China ($307M).
Imports In 2021, Malaysia imported $4.92B in Crude Petroleum, becoming the 24th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Malaysia. Malaysia imports Crude Petroleum primarily from: Brazil ($795M), Saudi Arabia ($630M), Australia ($458M), Indonesia ($452M), and Russia ($371M).
The fastest growing import markets in Crude Petroleum for Malaysia between 2020 and 2021 were Brazil ($326M), China ($310M), and Indonesia ($275M).
September 2020
Overview In September 2020 Malaysia's Crude Petroleum exports accounted up to MYR1.85B and imports accounted up to MYR825M, resulting in a positive trade balance of MYR1.02B. Between September 2019 and September 2020 the exports of Malaysia's Crude Petroleum have increased by MYR197M (11.9%) from MYR1.65B to MYR1.85B, while imports decreased by MYR-1.42B (-63.2%) from MYR2.24B to MYR825M.
Destinations In September 2020, Crude Petroleum were exported mostly to India (MYR452M), Thailand (MYR336M), Australia (MYR237M), Indonesia (MYR217M), and Japan (MYR203M), and were imported mostly from Saudi Arabia (MYR439M), Vietnam (MYR184M), Yemen (MYR92.9M), Thailand (MYR63.1M), and Oman (MYR46M).
Growth In September 2020, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to India (MYR182M or 36.1%), Singapore (MYR172M or 52.3%), and Thailand (MYR83.3M or 20.1%). In September 2020, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Australia (MYR-86.3M or -67.5%), Brunei (MYR-83M or -94.8%), and Indonesia (MYR-70M or -37.6%).
EXPORT GROWTH (September 2019 - September 2020): MYR197M, (11.9%)
IMPORT GROWTH (September 2019 - September 2020): MYR-1.42B, (-63.2%)
MAIN DESTINATION (September 2020): India, MYR452M
This section shows Crude Petroleum's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Crude Petroleum over time.
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EXPORTS (2021): $6.59B
IMPORTS (2021): $4.92B
NET TRADE (2021): $1.66B
In 2021, Malaysia exported $6.59B in Crude Petroleum. The main destinations of Malaysia exports on Crude Petroleum were Australia ($2B), Thailand ($1.07B), China ($834M), India ($752M), and Brunei ($749M).
In 2021, Malaysia imported $4.92B in Crude Petroleum, mainly from Brazil ($795M), Saudi Arabia ($630M), Australia ($458M), Indonesia ($452M), and Russia ($371M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Malaysia WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Malaysia WERE (2020 - 2021):
In 2021, Malaysia's main exporting competitors in Crude Petroleum were:
In 2021, Malaysia's main importing competitors in Crude Petroleum were:
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