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2023
Exports $17.1BWorld Rnk 8 / 163
Flag Rnk 4 / 1208
2023
Destination $79.9M Japan
2022 - 2023
FASTEST GROWING MARKET $79.9MCambodia
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $2.29BWorld Rnk 37 / 220
Flag Rnk 14 / 1211
2023
Origin $150M Australia
2022 - 2023
FASTEST GROWING ORIGIN $150MSaudi Arabia
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $17.1B in Petroleum Gas, making it the 8th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 4th most exported product in Malaysia. The main destination of Petroleum Gas exports from Malaysia are: Japan ($6.85B), China ($4.15B), South Korea ($2.94B), Thailand ($1.07B), and Singapore ($809M).

The fastest growing export markets for Petroleum Gas of Malaysia between 2022 and 2023 were Cambodia ($79.9M), Philippines ($55.3M), and Hong Kong ($47.6M).

Imports In 2023, Malaysia imported $2.29B in Petroleum Gas, becoming the 37th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 14th most imported product in Malaysia. Malaysia imports Petroleum Gas primarily from: Australia ($1.39B), Saudi Arabia ($212M), Brunei ($192M), Indonesia ($129M), and United States ($122M).

The fastest growing import markets in Petroleum Gas for Malaysia between 2022 and 2023 were Saudi Arabia ($150M), United States ($121M), and Qatar ($44.1M).

Latest Trends

December 2024

About

Overview In December 2024 Malaysia's Petroleum Gas exports accounted up to MYR6.12B and imports accounted up to MYR824M, resulting in a positive trade balance of MYR5.29B. Between December 2023 and December 2024 the exports of Malaysia's   Petroleum Gas have decreased by MYR-669M (-9.86%) from MYR6.79B to MYR6.12B, while imports increased by MYR10.6M (1.3%) from MYR813M to MYR824M.

Destinations In December 2024, Petroleum Gas were exported mostly to Japan (MYR2.74B), South Korea (MYR1.46B), China (MYR1.26B), Thailand (MYR217M), and Singapore (MYR127M), and were imported mostly from Australia (MYR380M), Thailand (MYR275M), Norway (MYR74M), Singapore (MYR47.7M), and Angola (MYR35.2M).

Growth In December 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Japan (MYR-532M or -16.1%), South Korea (MYR-409M or -29%), and Singapore (MYR-59.8M or -18.5%). In December 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Australia (MYR385M or 85%), United States (MYR81.2M or 249k%), and Thailand (MYR1.41M or 3.76%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)MYR-669M(-9.86%)
IMPORT GROWTH (December 2023 - December 2024)MYR10.6M(1.3%)
MAIN DESTINATION (December 2024)JapanMYR2.74B

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.1B
IMPORTS (2023)$2.29B
NET TRADE (2023)$14.8B

In 2023, Malaysia exported $17.1B in Petroleum Gas. The main destinations of Malaysia exports on Petroleum Gas were Japan ($6.85B), China ($4.15B), South Korea ($2.94B), Thailand ($1.07B), and Singapore ($809M).

In 2023, Malaysia imported $2.29B in Petroleum Gas, mainly from Australia ($1.39B), Saudi Arabia ($212M), Brunei ($192M), Indonesia ($129M), and United States ($122M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Cambodia$79.9M (170%)
Philippines$55.3M (63%)
Hong Kong$47.6M (127k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Malaysia WERE (2022 - 2023):
Japan-$2.76B (-28.7%)
South Korea-$2.41B (-45%)
China-$1.93B (-31.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, Malaysia's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.34B
TOP IMPORT POTENTIALIndonesia+ $164M

Petroleum Gas’s highest export potential is China. With an export gap of $2.34B.   Petroleum Gas’s highest import potential is Indonesia with an import gap of $164M.

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