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%).