The energy security and employment acquisitions have been promoting the sector as an influential one in the export economy.

The global market integration has stabilized the inflows even during the external fluctuations. Let's have an in-depth overview of the mineral fuels export of Malaysia with Import Globals “Malaysia Trade Data”.

Role of Mineral Fuels in the Economy of Malaysia

Malaysia's mineral fuel exports have been steadily growing with time. The sector encompasses crude oil, petroleum products, and natural gas. It has been serving as a major source of export revenue and is also promoting domestic industrial growth. The mineral fuels export of the nation is valued at 40 billion US dollars in 2024. It is a representative of a significant portion of the nation's total export earnings.

Despite its essential role in revenue generation, mineral fuels also promote energy security and the domestic industrial system. It is essential for the introduction of energy inputs in manufacturing, transportation, and other petrochemical industries. It also contributes to the employment rate across exploration, defining, distribution, and ancillary services. The sector is deeply integrated into the global energy markets and is rooted in trade with China, Japan, and other industrial economies.

The Topmost Mineral Fuels Exported From Malaysia in 2024

Due to the large amount of mineral reserves in the country and the evolution of the extraction techniques, Malaysia has reported diversity in its global trade output. As per the Malaysia Export Data, the topmost variants of mineral fuels exportedfrom the nation in 2024 are,

1. Refined Petroleum Oils & Preparations - Export valuation - 18 billion US dollars; Trade share - 24%

2. Liquefied Petroleum Gases (LPG) / LNG - Export valuation - 15 billion US dollars; Trade share - 16%

3. Crude Petroleum Oils - Export valuation - 9.8 billion US dollars; Trade share - 13%

4. Petroleum Coke & Bitumen - Export valuation - 7.64 billion US dollars; Trade share - 8%

5. Coal & Briquettes - Export valuation - 6.21 billion US dollars; Trade share - 6%

6. Coal Tar Oils & Products - Export valuation - 5.4 billion US dollars; Trade share - 5%

7. Bitumen and Asphalt - Export valuation - 4.7 billion US dollars; Trade share - 4%

8. Propane & Butane Mixtures - Export valuation - 3.7 billion US dollars; Trade share - 3%

9. Petroleum Jelly & Paraffin Wax - Export valuation - 2.8 billion US dollars; Trade share - 2%

10. Bituminous Mixtures - Export valuation - 2.1 billion US dollars; Trade share - 1.5%

Influential Companies Shaping the Mineral Fuels Export of Malaysia

1. PETRONAS - It is one of the most renowned state oil brands and a gas giant, and is an influential player in the mineral fuel sector of Malaysia. It is mainly focused on the exploration, production, refining, and export of crude oil. The authority is integrated with the operations and has been serving as the backbone of the energy export of Malaysia with its diversifying productivity rate.

2. PETROS - PETROS is another significant role player in the mineral fuel export market of Malaysia. It has expanded its midstream activities while contributing to the fuel exports. The authority is mainly focused on the categorized shipment of petroleum products and natural gas.

3. Ventriss Energy Berhad - Wrapping up the list of the top-most influential sector. Ventriss Energy Berhad is a major Malaysian integrated oil and gas service company that has been progressing the country's approach towards a positive rate. It is facilitating the upstream output and export infrastructure as a key contributor to Malaysia's overall mineral fuels export ecosystem.

The Top Trade Partners of Malaysia for Mineral Fuels Exports

1. Singapore - The mineral fuels export of Malaysia is strategically shaped by the investments from Singapore. It is one of the largest export partners of the country and has been benefiting Malaysia as a regional refining and trading hub.

2. China - China stands next to Singapore in terms of mineral fuels export trade partners of Malaysia. The trade is mostly focused on LNG and refined fuels, driven by the huge industrial and energy demand.

3. Japan - Japan also plays a significant role in the mineral fuels export market of Malaysia and has been consistently ranking among the top importers of energy export, driven mostly by the energy import needs of the consumer base.

4. Indonesia - The refined petroleum trade with Indonesia has positioned the country as an influential role player in the mineral fuels export trade of Malaysia. It is an important regional market within ASEAN for energy trade.

5. Thailand - Wrapping up the list of the topmost trade partners of Malaysia for mineral fuels trade, Thailand stands at the 5th position with crude petroleum and related mineral fuel products from Malaysia. It has positioned itself as a leading regional energy trade partners due to the specific diesel fuels trade.

Conclusion

Malaysia is gradually progressing as a leading mineral fuels exporter in the worldwide trade market due to the large mineral fuel reserves and the strategic evolution of extraction techniques backed up by the government authorities. In order to fulfil the trade demands in a positive manner, the country has been setting up several pricing ranges. Subscribe to Import Globals, the leading Malaysia import export trade provider, to stay updated with the latest information regarding the mineral fuels export of the nation via the Malaysia Import Data.

FAQ'S

Que. What is the export trade value of mineral fuels from Malaysia in 2024?
Ans. The export trade value of mineral fuels from Malaysia in 2024 is 40 billion US dollars.

Que. Who is the top export trade partner of Malaysia in 2024?
Ans. Singapore is the top export trade partner of Malaysia in 2024.

Que. Name the topmost variant of mineral fuels exported from Malaysia in 2024?
Ans. Refined petroleum oils are the topmost variant of mineral fuels exported from Malaysia in 2024.

Que. Where can you get a detailed trade analysis of the mineral fuels export of Malaysia in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the mineral fuels export of Malaysia in 2024.