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2022
Exports $10.2BWorld Rnk 24 / 149
Flag Rnk 5 / 1198
2022
Destination $1.04B Australia
2021 - 2022
FASTEST GROWING MARKET $1.04BChina
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $12.2BWorld Rnk 21 / 158
Flag Rnk 3 / 1203
2022
Origin $4.91B Saudi Arabia
2021 - 2022
FASTEST GROWING ORIGIN $4.91BSaudi Arabia
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $10.2B in Crude Petroleum, making it the 24th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most exported product in Malaysia. The main destination of Crude Petroleum exports from Malaysia are: Australia ($2.22B), Thailand ($1.97B), China ($1.95B), India ($1.25B), and Brunei ($1.19B).

The fastest growing export markets for Crude Petroleum of Malaysia between 2021 and 2022 were China ($1.04B), Thailand ($893M), and India ($480M).

Imports In 2022, Malaysia imported $12.2B in Crude Petroleum, becoming the 21st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Malaysia. Malaysia imports Crude Petroleum primarily from: Saudi Arabia ($5.54B), United Arab Emirates ($1.53B), Brazil ($1.07B), Kuwait ($513M), and China ($397M).

The fastest growing import markets in Crude Petroleum for Malaysia between 2021 and 2022 were Saudi Arabia ($4.91B), United Arab Emirates ($1.16B), and Kuwait ($448M).

Latest Trends

August 2024

About

Overview In August 2024 Malaysia's Crude Petroleum exports accounted up to MYR1.84B and imports accounted up to MYR4.45B, resulting in a negative trade balance of MYR2.61B. Between August 2023 and August 2024 the exports of Malaysia's   Crude Petroleum have decreased by MYR-874M (-32.2%) from MYR2.71B to MYR1.84B, while imports decreased by MYR-10.1M (-0.23%) from MYR4.46B to MYR4.45B.

Destinations In August 2024, Crude Petroleum were exported mostly to Australia (MYR438M), Thailand (MYR429M), Japan (MYR333M), Singapore (MYR238M), and Brunei (MYR182M), and were imported mostly from Saudi Arabia (MYR2.32B), United Arab Emirates (MYR648M), United States (MYR521M), Gabon (MYR394M), and Brazil (MYR186M).

Growth In August 2024, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to India (MYR-155M or -39.4%), Australia (MYR-86.3M or -14.6%), and Japan (MYR-11.9M or -4.83%). In August 2024, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Brunei (MYR-115M or -93.2%) and Brazil (MYR-53.9M or -56.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)MYR-874M(-32.2%)
IMPORT GROWTH (August 2023 - August 2024)MYR-10.1M(-0.23%)
MAIN DESTINATION (August 2024)AustraliaMYR438M

This section shows Crude 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 Crude Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.2B
IMPORTS (2022)$12.2B
NET TRADE (2022)-$2.04B

In 2022, Malaysia exported $10.2B in Crude Petroleum. The main destinations of Malaysia exports on Crude Petroleum were Australia ($2.22B), Thailand ($1.97B), China ($1.95B), India ($1.25B), and Brunei ($1.19B).

In 2022, Malaysia imported $12.2B in Crude Petroleum, mainly from Saudi Arabia ($5.54B), United Arab Emirates ($1.53B), Brazil ($1.07B), Kuwait ($513M), and China ($397M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
China$1.04B (114%)
Thailand$893M (83%)
India$480M (62.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Malaysia WERE (2021 - 2022):
New Zealand-$137M (-100%)
Indonesia-$76.7M (-84.8%)
Pakistan-$34.7M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Malaysia's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.33B
TOP IMPORT POTENTIALNigeria+ $251M

Crude Petroleum’s highest export potential is India. With an export gap of $1.33B.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $251M.

See methodology.

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