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2022
Exports $38.5BWorld Rnk 10 / 214
Flag Rnk 2 / 1198
2022
Destination $2.55B Singapore
2021 - 2022
FASTEST GROWING MARKET $2.55BIndonesia
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $27.1BWorld Rnk 9 / 225
Flag Rnk 2 / 1203
2022
Origin $4.87B Singapore
2021 - 2022
FASTEST GROWING ORIGIN $4.87BSingapore
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $38.5B in Refined Petroleum, making it the 10th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Malaysia. The main destination of Refined Petroleum exports from Malaysia are: Singapore ($10.1B), Indonesia ($5.82B), Australia ($3.65B), Bangladesh ($2.67B), and Hong Kong ($1.35B).

The fastest growing export markets for Refined Petroleum of Malaysia between 2021 and 2022 were Indonesia ($2.55B), Bangladesh ($1.38B), and Australia ($1.08B).

Imports In 2022, Malaysia imported $27.1B in Refined Petroleum, becoming the 9th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Malaysia. Malaysia imports Refined Petroleum primarily from: Singapore ($11.2B), South Korea ($3.36B), Chinese Taipei ($1.77B), China ($1.62B), and India ($1.59B).

The fastest growing import markets in Refined Petroleum for Malaysia between 2021 and 2022 were Singapore ($4.87B), South Korea ($1.34B), and United Arab Emirates ($542M).

COMPANIES In 2023, leading companies such as Panasonic (2) and John Deere (1) were at the forefront of shipping Refined Petroleum from Malaysia to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Malaysia's Refined Petroleum exports accounted up to MYR7.47B and imports accounted up to MYR9.67B, resulting in a negative trade balance of MYR2.2B. Between September 2023 and September 2024 the exports of Malaysia's   Refined Petroleum have decreased by MYR-2.69B (-26.5%) from MYR10.2B to MYR7.47B, while imports decreased by MYR-1.19B (-11%) from MYR10.9B to MYR9.67B.

Destinations In September 2024, Refined Petroleum were exported mostly to Singapore (MYR1.95B), Indonesia (MYR1.63B), Australia (MYR1.47B), Bangladesh (MYR349M), and Mexico (MYR272M), and were imported mostly from Singapore (MYR3.26B), South Korea (MYR1.69B), Saudi Arabia (MYR948M), India (MYR617M), and Chinese Taipei (MYR580M).

Growth In September 2024, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to China (MYR-499M or -81.2%), South Korea (MYR-325M or -65.9%), and Philippines (MYR-134M or -48.6%). In September 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from India (MYR-762M or -99.6%), South Korea (MYR-393M or -38.6%), and Netherlands (MYR-281M or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)MYR-2.69B(-26.5%)
IMPORT GROWTH (September 2023 - September 2024)MYR-1.19B(-11%)
MAIN DESTINATION (September 2024)SingaporeMYR1.95B

This section shows Refined 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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.5B
IMPORTS (2022)$27.1B
NET TRADE (2022)$11.4B

In 2022, Malaysia exported $38.5B in Refined Petroleum. The main destinations of Malaysia exports on Refined Petroleum were Singapore ($10.1B), Indonesia ($5.82B), Australia ($3.65B), Bangladesh ($2.67B), and Hong Kong ($1.35B).

In 2022, Malaysia imported $27.1B in Refined Petroleum, mainly from Singapore ($11.2B), South Korea ($3.36B), Chinese Taipei ($1.77B), China ($1.62B), and India ($1.59B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$2.55B (77.9%)
Bangladesh$1.38B (108%)
Australia$1.08B (41.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Malaysia WERE (2021 - 2022):
China-$821M (-47.1%)
Singapore-$762M (-7.03%)
Nigeria-$247M (-81.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Malaysia's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.04B
TOP IMPORT POTENTIALIndia+ $1.03B

Refined Petroleum’s highest export potential is China. With an export gap of $1.04B.   Refined Petroleum’s highest import potential is India with an import gap of $1.03B.

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