Malaysia Petroleum Export Data 2025 — HS Codes, Top Buyers & Statistics
Verified shipment-level data on Malaysia's crude oil, refined petroleum & LNG exports — including HS codes 2709, 2710, and 2711 with buyer country breakdown.
📋 Table of Contents
Malaysia Petroleum Export Overview 2025
Malaysia is one of Southeast Asia's most important energy exporters. The country holds a strategically significant position in global oil and gas markets — serving as the second-largest oil and gas producer in ASEAN and the fifth-largest LNG exporter in the world.
In 2025, petroleum and mineral fuels (HS Chapter 27) represented the second-largest export category for Malaysia, accounting for approximately $42.6 billion in total export value. While electronics dominate Malaysia's export portfolio, petroleum exports remain a critical pillar — especially for energy markets across Asia-Pacific.
Malaysia's petroleum exports span three main product types:
- Crude petroleum & condensate (HS 2709) — exported mainly to Thailand, Japan, Australia
- Refined petroleum products (HS 2710) — exported to Singapore, Indonesia, Australia
- Liquefied Natural Gas (LNG) (HS 2711) — exported to Japan, South Korea, China
Key HS Codes for Malaysia Petroleum Exports
When searching for Malaysia petroleum export data, it is essential to use the correct HS codes. Below is a complete reference table for petroleum-related exports from Malaysia under HS Chapter 27:
| HS Code | Product Description | Export Value (2025) | Type |
|---|---|---|---|
| 2709 | Petroleum oils, crude; crude petroleum & condensate | ~$20.4B | Crude Oil |
| 2710 | Petroleum oils, not crude; refined petroleum products | ~$14–16B | Refined |
| 2711 | Petroleum gases; LNG, LPG, natural gas | ~$8–10B | LNG/Gas |
| 2714 | Bitumen and asphalt, natural; bituminous shale | Niche | Bitumen |
| 2713 | Petroleum coke, petroleum bitumen, residues | Niche | Residues |
| 2712 | Petroleum jelly, paraffin wax, mineral waxes | Niche | Waxes |
Among these, HS 2709 (crude petroleum) and HS 2710 (refined petroleum) together form the largest bulk of Malaysia's petroleum export shipments, while HS 2711 (LNG) generates the highest per-unit value and is the most strategically important long-term export product.
Malaysia Petroleum Export Value & Statistics 2025
Based on official data from Malaysia's Department of Statistics (DOSM) and MATRADE, here is a quarterly breakdown of Malaysia's petroleum export performance in 2025:
| Quarter | Crude Petroleum (RM) | Refined Products (RM) | LNG (RM) |
|---|---|---|---|
| Q3 2024 (baseline) | RM 8.2 billion | RM 27.9 billion | RM 12.7 billion |
| Q1 2025 | RM ~8.5 billion | RM 24.3 billion | RM ~13B |
| Q2 2025 | RM 6.3 billion | RM 22.7 billion | RM ~12B |
| Full Year 2025 (est.) | RM ~28–30B | RM ~95B | RM ~50B |
Petroleum as % of Total Exports (2025)
Top Buyer Countries for Malaysia Petroleum Exports
Malaysia's petroleum exports serve a diverse mix of regional refining hubs, energy-import-dependent economies, and fast-growing industrial markets. Here is the breakdown by product type:
🛢️ Crude Petroleum & Condensate (HS 2709) — Top Buyers
| Rank | Country | Share of Exports | Notes |
|---|---|---|---|
| 1 | 🇦🇺 Australia | ~29.7% | Largest crude buyer (Q2 2025) |
| 2 | 🇹🇭 Thailand | ~26.8% | 3 consecutive quarters as top buyer |
| 3 | 🇯🇵 Japan | ~14.6% | Long-term refinery partner |
| 4 | 🇨🇳 China | ~10–12% | Growing buyer, rising volumes |
| 5 | 🇮🇳 India | ~6–8% | Increasing imports since 2024 |
⛽ Refined Petroleum Products (HS 2710) — Top Buyers
| Rank | Country | Share of Exports | Notes |
|---|---|---|---|
| 1 | 🇸🇬 Singapore | ~26.8% | RM 7.5B; major regional trading hub |
| 2 | 🇮🇩 Indonesia | ~21.9% | RM 5.0B; largest ASEAN consumer |
| 3 | 🇦🇺 Australia | ~18.7% | Consistent buyer; fuel imports |
| 4 | 🇵🇭 Philippines | ~8–10% | Growing fuel demand |
| 5 | 🇻🇳 Vietnam | ~5–7% | Industrial fuel requirements |
🔵 LNG / Petroleum Gases (HS 2711) — Top Buyers
| Rank | Country | Share of LNG Exports | Notes |
|---|---|---|---|
| 1 | 🇯🇵 Japan | ~40–45% | ~14.3 BCM; largest LNG buyer globally |
| 2 | 🇰🇷 South Korea | ~23–25% | Long-term LNG contracts via KOGAS |
| 3 | 🇨🇳 China | ~22–26% | ~9.7 BCM; fastest-growing buyer |
| 4 | 🇹🇼 Taiwan | ~5% | Power generation demand |
| 5 | 🇮🇳 India | ~3–5% | Emerging LNG market |
Major Malaysian Petroleum Exporters & Companies
The Malaysian petroleum export sector is dominated by a small number of large players, with PETRONAS at the centre. Key companies involved in Malaysia's petroleum exports include:
| Company | Products Exported | Key Markets |
|---|---|---|
| PETRONAS (Petroliam Nasional Berhad) | Crude oil, LNG, condensate | Japan, South Korea, China, Australia |
| Shell Malaysia | Refined petroleum, LNG (Sarawak) | Singapore, Australia, Europe |
| ExxonMobil Malaysia | Tapis crude oil, condensate | Japan, Thailand, South Korea |
| PTTEP Sarawak Oil | Crude oil, gas | Thailand, Asia-Pacific |
| Hibiscus Petroleum | Crude oil (North Sabah, Anasuria) | Asia-Pacific buyers |
| Murphy Oil (Malaysia) | Crude oil, gas — Sarawak blocks | Regional buyers |
LNG Exports — Malaysia's Most Valuable Petroleum Asset
While crude oil often gets the headlines, LNG (Liquefied Natural Gas) is Malaysia's real petroleum export star. Malaysia is the world's fifth-largest LNG exporter, and LNG generates significantly higher per-unit trade value compared to crude oil.
The Bintulu LNG Complex in Sarawak, operated by PETRONAS, is the backbone of Malaysia's LNG export capability. With 9 liquefaction trains and a capacity of 24.3 million tonnes per year (MTPA), Bintulu is one of the most important LNG facilities in the Asia-Pacific region.
Malaysia LNG Export Facts (2025)
| Metric | Value |
|---|---|
| Global LNG Export Rank | 5th largest exporter |
| LNG Production Hub | Bintulu, Sarawak (90% of total) |
| Installed Capacity | 24.3 million tonnes/year |
| Largest LNG Buyer | Japan (~40% share — ~14.3 BCM) |
| 2nd Largest LNG Buyer | China (~26% share — ~9.7 BCM) |
| LNG Export Value (2025 est.) | ~RM 50 billion annually |
| Sarawak Gas Reserves Share | ~60% of Malaysia's total natural gas |
China's LNG demand from Malaysia is the fastest-growing segment — China's rapid industrial expansion and clean energy transition are driving increasing demand for LNG imports from Southeast Asian suppliers.
Get Malaysia Petroleum Export Shipment Data
Access verified customs records — buyer names, port details, HS codes, shipment quantities & invoice values for HS 2709, 2710 & 2711.
Request Free Sample Data →How to Use Malaysia Petroleum Export Trade Data
Malaysia petroleum export data serves a wide range of business and research use cases. Here is how different users benefit from this data:
1. Finding Buyers for Petroleum Products
If you are a petroleum exporter or trader looking to sell into Southeast Asian or Asia-Pacific markets, Malaysia's customs export data reveals who is importing petroleum products, from which ports, in what quantities, and at what frequencies. You can identify active buyers for HS 2710 products like diesel, fuel oil, and jet fuel across markets like Philippines, Vietnam, Indonesia, and Australia.
2. Competitive Intelligence for Energy Companies
Energy companies and traders can use shipment-level data to track competitor activity — understanding which suppliers are shipping to which buyers, pricing trends, and seasonal demand shifts. This is particularly valuable for LNG contract negotiations and spot market planning.
3. Market Research & Feasibility Studies
Investment banks, consultancies, and government agencies use Malaysia petroleum trade statistics to assess energy market trends, evaluate PETRONAS project viability, and understand ASEAN energy supply chain dependencies.
4. Compliance & Due Diligence
With sanctions and trade compliance concerns growing in the energy sector, verifying the identity and history of trading counterparties using customs shipment records is an increasingly important use case for petroleum trade data.
Frequently Asked Questions (FAQ)
Conclusion
Malaysia's petroleum export sector remains a cornerstone of the country's trade economy in 2025. While electronics lead Malaysia's total export value, petroleum — spanning crude oil, refined products, and LNG — represents a strategically vital and high-value export stream worth over $42 billion annually.
Key takeaways for businesses and trade researchers:
- LNG is Malaysia's highest-value petroleum export, with Japan, South Korea, and China as the dominant buyers
- Singapore and Indonesia are the top buyers of refined petroleum products
- Australia and Thailand lead as crude petroleum buyers
- PETRONAS controls the majority of upstream production and LNG export infrastructure through the Bintulu Complex in Sarawak
- Shipment-level trade data reveals buyer names, quantities, and ports — critical for market entry and competitive intelligence
Access Verified Malaysia Petroleum Export Data
Get shipment-level customs records for HS 2709, 2710 & 2711 — including buyer names, ports, invoice values and monthly shipment history. Trusted by traders, analysts and sourcing teams across 56+ countries.
Get Free Sample Data →