Crude Petroleum in Malaysia | The Observatory of Economic Complexity

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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).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Crude Petroleum from Malaysia to the United States.

Latest Trends

September 2020

About

Overview In September 2020 Malaysia's Crude Petroleum exports accounted up to MYR1.85B and imports accounted up to MYR825M, resulting in a positive trade balance of MYR1.02B. Between September 2019 and September 2020 the exports of Malaysia's Crude Petroleum have increased by MYR197M (11.9%) from MYR1.65B to MYR1.85B, while imports decreased by MYR-1.42B (-63.2%) from MYR2.24B to MYR825M.

Destinations In September 2020, Crude Petroleum were exported mostly to India (MYR452M), Thailand (MYR336M), Australia (MYR237M), Indonesia (MYR217M), and Japan (MYR203M), and were imported mostly from Saudi Arabia (MYR439M), Vietnam (MYR184M), Yemen (MYR92.9M), Thailand (MYR63.1M), and Oman (MYR46M).

Growth In September 2020, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to India (MYR182M or 36.1%), Singapore (MYR172M or 52.3%), and Thailand (MYR83.3M or 20.1%). In September 2020, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Australia (MYR-86.3M or -67.5%), Brunei (MYR-83M or -94.8%), and Indonesia (MYR-70M or -37.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR197M(11.9%)

IMPORT GROWTH (September 2019 - September 2020)MYR-1.42B(-63.2%)

MAIN DESTINATION (September 2020)IndiaMYR452M

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

Trade Value

Growth

Growth (%)

Year

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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