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Who buys Malaysia’s crude oil? Export destinations 2024

In 2024, Malaysia exported $34.1 billion of crude oil (54.2 million tonnes), 2.6% of the world total. China bought 75% of the total, followed by Thailand (7%) and Australia (6%). Malaysia was the world’s 11th-largest exporter of crude oil.

Summary

Value
$34.1billion
Tonnes
54.2million tonnes
Share of world total
2.6%
World rank
11th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 17 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China25.6Tonnes: 41,503,284USD per tonne: $61675.1%Sea
Thailand2.4Tonnes: 3,237,739USD per tonne: $7447.1%Land
Australia2.1Tonnes: 3,384,318USD per tonne: $6116.1%Sea
Brunei1.6Tonnes: 2,317,145USD per tonne: $6794.6%Land
Japan1Tonnes: 1,565,077USD per tonne: $6613%Sea
India0.57Tonnes: 843,380USD per tonne: $6801.7%Sea
Singapore re-exports0.28Tonnes: 467,858USD per tonne: $5890.81%Sea
Qatar0.19Tonnes: 318,707USD per tonne: $6000.56%Sea
Indonesia0.11Tonnes: 205,321USD per tonne: $5470.33%Land
Italy0.08Tonnes: 137,825USD per tonne: $5770.23%Sea
United Kingdom0.06Tonnes: 89,345USD per tonne: $6420.17%Sea
Bangladesh0.04Tonnes: 54,765USD per tonne: $7100.11%Sea
Vietnam0.03Tonnes: 39,429USD per tonne: $7540.09%Sea
South Korea0.03Tonnes: 43,382USD per tonne: $6270.08%Sea
Philippines0.03Tonnes: 39,616USD per tonne: $6340.07%Sea
Netherlands re-exports< 0.01Tonnes: 3USD per tonne: $6400%Sea
Sweden< 0.01Tonnes: 2USD per tonne: $6350%Sea

Trend

Who it sells to

China has been its main destination since 2019

Value in USD billions. The five largest destinations in 2024.

  • China 25.6
  • Thailand 2.4
  • Australia 2.1
  • Brunei 1.6
  • Japan 1

Source: CEPII BACI

Show the numbers
Partner19952024
China0.0825.6
Thailand0.622.4
Australia0.082.1
Brunei0.021.6
Japan0.561

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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