HS Icon Refined Petroleum in  Flag Malaysia

2021
Exports | Imports
: $29.3B | $18.7B, World Rnk 10 / 218
Flag Rnk 2 / 1201 | World Rnk 11 / 226
Flag Rnk 2 / 1208

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $5.22B | $2.06B, Singapore |  Singapore

2021
ECONOMIC COMPLEXITY of Malaysia
: 1.09, Rnk 24 / 131

2021
PRODUCT COMPLEXITY IN Refined Petroleum
: -0.92, Rnk 817 / 1029

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%).

September 2020

Subnational Monthly Trade

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EXPORT GROWTH (September 2019 - September 2020): MYR-1.61B, (-34.3%)

IMPORT GROWTH (September 2019 - September 2020): MYR-2.48B, (-39.8%)

MAIN DESTINATION (September 2020): Singapore, MYR1.1B

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

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EXPORTS (2021): $29.3B

IMPORTS (2021): $18.7B

NET TRADE (2021): $10.6B

In 2021, Malaysia exported $29.3B in Refined Petroleum. The main destinations of Malaysia exports on Refined Petroleum were Singapore ($10.9B), Indonesia ($3.26B), Australia ($2.56B), China ($1.72B), and Bangladesh ($1.29B).

In 2021, Malaysia imported $18.7B in Refined Petroleum, mainly from Singapore ($6.37B), South Korea ($2.01B), India ($1.8B), China ($1.58B), and Chinese Taipei ($1.47B).

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Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Malaysia WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Malaysia WERE (2020 - 2021):

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Market Concentration

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In 2021, Malaysia's main exporting competitors in Refined Petroleum were:

In 2021, Malaysia's main importing competitors in Refined Petroleum were:

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