Mineral fuels, mineral oils and products of their distillation in Malaysia

About

Exports In 2023, Malaysia exported $86.7B in Mineral fuels, mineral oils and products of their distillation, making it the 11th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in Malaysia. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Malaysia are: China ($30.7B), Singapore ($10.2B), Australia ($8.01B), Japan ($7.21B), and Indonesia ($4.94B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Malaysia between 2022 and 2023 were China ($7.53B), Australia ($1.73B), and New Zealand ($610M).

Imports In 2023, Malaysia imported $52.7B in Mineral fuels, mineral oils and products of their distillation, becoming the 15th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most imported product in Malaysia. Malaysia imports Mineral fuels, mineral oils and products of their distillation primarily from: Singapore ($9.26B), Saudi Arabia ($8.7B), Indonesia ($5.04B), China ($4.54B), and United Arab Emirates ($4.14B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Malaysia between 2022 and 2023 were Saudi Arabia ($1.4B), United Arab Emirates ($741M), and United States ($691M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (16), Motorola (2), and Panasonic (2) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Malaysia to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Mineral fuels, mineral oils and products of their distillation exports accounted up to MYR16.3B and imports accounted up to MYR15.7B, resulting in a positive trade balance of MYR602M. Between November 2023 and November 2024 the exports of Malaysia's Mineral fuels, mineral oils and products of their distillation have decreased by MYR-6.02B (-27%) from MYR22.3B to MYR16.3B, while imports decreased by MYR-4.3B (-21.5%) from MYR20B to MYR15.7B.

Destinations In November 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Japan (MYR2.42B), Singapore (MYR2.31B), Australia (MYR2.07B), Indonesia (MYR1.86B), and South Korea (MYR1.85B), and were imported mostly from Singapore (MYR2.75B), Saudi Arabia (MYR2.65B), Indonesia (MYR1.29B), Australia (MYR1.18B), and India (MYR1.15B).

Growth In November 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to China (MYR-390M or -15.4%), India (MYR-128M or -30.3%), and Sri Lanka (MYR-93.7M or -83.4%). In November 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from India (MYR-759M or -99.1%), South Korea (MYR-352M or -34.3%), and Netherlands (MYR-335M or -99.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)MYR-6.02B(-27%)

IMPORT GROWTH (November 2023 - November 2024)MYR-4.3B(-21.5%)

MAIN DESTINATION (November 2024)JapanMYR2.42B

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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