Exports In 2021, Malaysia exported $29.3B 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 ($10.9B), Indonesia ($3.26B), Australia ($2.56B), China ($1.72B), and Bangladesh ($1.29B).
The fastest growing export markets for Refined Petroleum of Malaysia between 2020 and 2021 were Singapore ($5.22B), Indonesia ($1.98B), and Australia ($1.44B).
Imports In 2021, Malaysia imported $18.7B in Refined Petroleum, becoming the 11th 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 ($6.37B), South Korea ($2.01B), India ($1.8B), China ($1.58B), and Chinese Taipei ($1.47B).
The fastest growing import markets in Refined Petroleum for Malaysia between 2020 and 2021 were Singapore ($2.06B), Chinese Taipei ($1.04B), and South Korea ($886M).
Tariffs In 2016, the average tariff for Malaysia in Refined Petroleum was 0.33%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatment, 0.33%), Burundi (Most Favoured Nation duty rate treatment, 0.33%), Benin (Most Favoured Nation duty rate treatment, 0.33%), Burkina Faso (Most Favoured Nation duty rate treatment, 0.33%), and Botswana (Most Favoured Nation duty rate treatment, 0.33%).