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Who buys Malaysia’s refined petroleum products? Export destinations 2024

In 2024, Malaysia exported $35.7 billion of refined petroleum products (52.9 million tonnes), 4.2% of the world total. Its main destinations were Singapore (24%), China (19%) and Indonesia (12%). Malaysia was the world’s 8th-largest exporter of refined petroleum products.

Summary

Value
$35.7billion
Tonnes
52.9million tonnes
Share of world total
4.2%
World rank
8th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Singapore re-exports8.4Tonnes: 14,367,815USD per tonne: $58723.6%Sea
China6.9Tonnes: 8,263,447USD per tonne: $83419.3%Sea
Indonesia4.3Tonnes: 6,206,409USD per tonne: $68711.9%Sea
Australia4.1Tonnes: 7,134,263USD per tonne: $57211.4%Sea
Vietnam1.6Tonnes: 2,206,520USD per tonne: $7284.5%Sea
Philippines1.4Tonnes: 1,804,047USD per tonne: $7813.9%Sea
Bangladesh1.3Tonnes: 1,835,897USD per tonne: $7053.6%Sea
South Korea1.2Tonnes: 2,249,185USD per tonne: $5523.5%Sea
Myanmar0.7Tonnes: 801,352USD per tonne: $8782%Sea
Hong Kong re-exports0.65Tonnes: 1,086,356USD per tonne: $5941.8%Sea
Thailand0.54Tonnes: 752,323USD per tonne: $7221.5%Sea
Taiwan0.5Tonnes: 823,966USD per tonne: $6021.4%Sea
Sri Lanka0.32Tonnes: 491,932USD per tonne: $6490.89%Sea
New Zealand0.32Tonnes: 503,250USD per tonne: $6330.89%Sea
India0.28Tonnes: 344,877USD per tonne: $8030.78%Sea
Brunei0.24Tonnes: 389,997USD per tonne: $6040.66%Sea
Mexico0.2Tonnes: 264,516USD per tonne: $7750.57%Sea
United Arab Emirates0.2Tonnes: 306,868USD per tonne: $6480.56%Sea
Cambodia0.18Tonnes: 256,168USD per tonne: $7040.51%Sea
South Africa0.18Tonnes: 238,954USD per tonne: $7470.5%Sea

Trend

Who it sells to

Singapore was its main destination throughout the period

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

  • Singapore 8.4
  • China 6.9
  • Indonesia 4.3
  • Australia 4.1
  • Vietnam 1.6

Source: CEPII BACI

Show the numbers
Partner19952024
Singapore0.518.4
China0.016.9
Indonesia0.024.3
Australia< 0.014.1
Vietnam< 0.011.6

Sources and methodology

Other products of this country

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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