Exports In 2022, Malaysia exported $38.5B 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 ($10.1B), Indonesia ($5.82B), Australia ($3.65B), Bangladesh ($2.67B), and Hong Kong ($1.35B).
The fastest growing export markets for Refined Petroleum of Malaysia between 2021 and 2022 were Indonesia ($2.55B), Bangladesh ($1.38B), and Australia ($1.08B).
Imports In 2022, Malaysia imported $27.1B in Refined Petroleum, becoming the 9th 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 ($11.2B), South Korea ($3.36B), Chinese Taipei ($1.77B), China ($1.62B), and India ($1.59B).
The fastest growing import markets in Refined Petroleum for Malaysia between 2021 and 2022 were Singapore ($4.87B), South Korea ($1.34B), and United Arab Emirates ($542M).
COMPANIES In 2023, leading companies such as Panasonic (2) and John Deere (1) were at the forefront of shipping Refined Petroleum from Malaysia to the United States.