Refined Petroleum in Malaysia

2019
Exports | Imports
: $17.8B | $18.1B, World Rnk 11 / 214
Flag Rnk 2 / 1201 | World Rnk 11 / 225
Flag Rnk 2 / 1208

2019
Destination | Origin
: $6B | $8.03B, Singapore | Singapore

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $271M | $386M, Bangladesh |  Thailand

2019
ECONOMIC COMPLEXITY of Malaysia
: 1.16, Rnk 24 / 157

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Malaysia exported $17.8B in Refined Petroleum, making it the 11th 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 ($6B), Vietnam ($1.45B), China ($1.35B), Bangladesh ($1.27B), and Australia ($1.26B).

The fastest growing export markets for Refined Petroleum of Malaysia between 2018 and 2019 were Bangladesh ($271M), Sri Lanka ($253M), and Netherlands ($176M).

Imports: In 2019, Malaysia imported $18.1B 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 ($8.03B), South Korea ($1.69B), China ($1.5B), India ($1.25B), and United Arab Emirates ($1.15B).

The fastest growing import markets in Refined Petroleum for Malaysia between 2018 and 2019 were Thailand ($386M), China ($321M), and United Arab Emirates ($220M).

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 (0.33%), Burundi (0.33%), Benin (0.33%), Burkina Faso (0.33%), and Botswana (0.33%).

Overview: In September 2020 Malaysia's Refined Petroleum exports accounted up to N/A3.08B and imports accounted up to N/A3.74B, resulting in a negative trade balance of N/A664M. Between September 2019 and September 2020 the exports of Malaysia's   Refined Petroleum have decreased by N/A-1.61B (-34.3%) from N/A4.69B to N/A3.08B, while imports decreased by N/A-2.48B (-39.8%) from N/A6.22B to N/A3.74B.

Destinations: In September 2020 Refined Petroleum exported mostly to Singapore (MYR1.1B), China (MYR497M), Australia (MYR387M), Indonesia (MYR284M), and Hong Kong (MYR117M), and imported mostly from Singapore (MYR1.48B), United Arab Emirates (MYR438M), China (MYR437M), South Korea (MYR388M), and India (MYR310M).

Growth: In September 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Bangladesh (MYR-516M or -94.4%), Singapore (MYR-316M or -22.4%), and Vietnam (MYR-220M or -65.9%). In September 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Singapore (MYR-766M or -34.1%), South Korea (MYR-547M or -58.5%), and India (MYR-409M or -56.8%).

Subnational Monthly Trade

#permalink to section
Flow
Value

EXPORT GROWTH (September 2019 - September 2020): N/A-1.61B, (-34.3%)

IMPORT GROWTH (September 2019 - September 2020): N/A-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.

Value

EXPORTS (2019): $17.8B

IMPORTS (2019): $18.1B

NET TRADE (2019): -$386M

In 2019, Malaysia exported $17.8B in Refined Petroleum. The main destinations of Malaysia exports on Refined Petroleum were Singapore ($6B), Vietnam ($1.45B), China ($1.35B), Bangladesh ($1.27B), and Australia ($1.26B).

In 2019, Malaysia imported $18.1B in Refined Petroleum, mainly from Singapore ($8.03B), South Korea ($1.69B), China ($1.5B), India ($1.25B), and United Arab Emirates ($1.15B).

Explore Visualizations

IN 2019, Malaysia HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Malaysia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Malaysia WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Malaysia WERE (2018 - 2019):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2018, Malaysia's main exporting competitors in Refined Petroleum were:

In 2018, Malaysia's main importing competitors in Refined Petroleum were:

Explore Visualizations

Tariffs by Country

#permalink to section

In 2016, the average tariff for Malaysia in Refined Petroleum was 0.33%.

The countries with the highest tariffs for Refined Petroleum in Malaysia were Angola (0.33%), Burundi (0.33%), Benin (0.33%), Burkina Faso (0.33%), and Botswana (0.33%).

Explore Tariff Data