Crude Petroleum in Malaysia 2020 Exports | Imports : $5.18B | $4.75B, World Rnk 21 / 132 Rnk 10 / 1194 | World Rnk 20 / 145 Rnk 3 / 1208
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $216M | $242M, Japan | Brazil
2020 ECONOMIC COMPLEXITY of Malaysia: 1.02, Rnk 25 / 127
2020 PRODUCT COMPLEXITY IN Crude Petroleum: -2.2, Rnk 1018 / 1029
Exports In 2020, Malaysia exported $5.18B in Crude Petroleum, making it the 21st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 10th most exported product in Malaysia. The main destination of Crude Petroleum exports from Malaysia are: Australia ($1.29B), India ($891M), Thailand ($840M), China ($512M), and Japan ($483M).
The fastest growing export markets for Crude Petroleum of Malaysia between 2019 and 2020 were Japan ($216M), South Korea ($102M), and Brunei ($66.4M).
Imports In 2020, Malaysia imported $4.75B in Crude Petroleum, becoming the 20th 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: Saudi Arabia ($1.72B), Brazil ($469M), Australia ($355M), United States ($289M), and United Arab Emirates ($284M).
The fastest growing import markets in Crude Petroleum for Malaysia between 2019 and 2020 were Brazil ($242M), United States ($205M), and Indonesia ($111M).
Tariffs In 2016, the average tariff for Malaysia in Crude Petroleum was 2.5%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatement, 2.5%), Burundi (Most Favoured Nation duty rate treatement, 2.5%), Benin (Most Favoured Nation duty rate treatement, 2.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 2.5%), and Botswana (Most Favoured Nation duty rate treatement, 2.5%).
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 (2020): $5.18B
IMPORTS (2020): $4.75B
NET TRADE (2020): $428M
In 2020, Malaysia exported $5.18B in Crude Petroleum. The main destinations of Malaysia exports on Crude Petroleum were Australia ($1.29B), India ($891M), Thailand ($840M), China ($512M), and Japan ($483M).
In 2020, Malaysia imported $4.75B in Crude Petroleum, mainly from Saudi Arabia ($1.72B), Brazil ($469M), Australia ($355M), United States ($289M), and United Arab Emirates ($284M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Malaysia WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Malaysia WERE (2019 - 2020):
In 2020, Malaysia's main exporting competitors in Crude Petroleum were:
In 2020, Malaysia's main importing competitors in Crude Petroleum were:
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