Malaysia Crude Oil Export: Supplier Dominance

Key Takeaways

Malaysia's Crude Oil exports under HS Code 2709 totaled $7.57 billion in January–December 2025, with undifferentiated petroleum oils dominating the trade.

• Extreme supplier concentration: Sarawak Shell and 3 other firms handled 90% of Malaysia Crude Oil Export value, with just 6% of shipments.
• Thailand dependency: 69.9% of HS Code 2709 trade data by value went to Thailand, with 68.6% weight share indicating bulk term contracts.
• Compliance risks: The G7 oil price cap policy heightened scrutiny on crude shipments, requiring strict origin documentation for HS 2709.

This overview covers the period January–December 2025 and is based on verified customs data from the yTrade database.

Malaysia Crude Oil Export Data for 2025 Shows Strong Baseline Volume

The Malaysia Crude Oil Export data for the full year 2025 shows a total export value of MYR 23.8 billion, with high-frequency shipments typical for this major commodity. This establishes a robust baseline for a product that was the country's 11th largest export last year. Compared to the prior comparable period, the value baseline is solid, though specific prior data is unavailable to calculate a precise change.

Under today’s policy environment, these historical totals help assess exposure to heightened compliance and documentation requirements. The G7 oil price cap policy specifically targets crude under hs code 2709 value to limit Russian oil trade, leading to increased customs scrutiny and risks of misclassification [S&P Global]. For traders and forwarders, this means Malaysia's established export volume now operates in a landscape where proving origin and price is critical to avoid sanctions-related delays or rejections.

• Verify Origin Documentation: Scrutinize certificates of origin for all Malaysian crude shipments to ensure they are not subject to sanctions or price cap rules related to Russian-origin oil.
• Monitor Classification Practices: Be alert to potential misclassification of crude (HS 2709) as refined products (HS 2710), a known tactic that can trigger customs holds and compliance investigations (S&P Global).
• Factor in Compliance Buffer: Build additional time and cost buffers into logistics and financing to account for the increased due diligence required for high-value crude oil transactions under current sanctions regimes.

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Malaysia's Crude Oil Exports: Undifferentiated Petroleum Oils

Malaysia's crude oil exports consist entirely of undifferentiated petroleum oils, as captured by the single sub-code 270900 (Oils; petroleum oils and oils obtained from bituminous minerals, crude). This single category accounted for the total export value of $7.57 billion in Jan–Dec 2025. The export structure is completely concentrated, with no recorded exports of more specific crude grades or processed types under this HS code. This monolithic data suggests Malaysia's exports are bulk, basic crude, with no apparent diversification into consumer-ready or grade-specific products for this period.

Table: Malaysia HS Code 2709) Export Breakdown Details (Source: yTrade)

HS Code	Product Description	Value	Weight	Quantity	Frequency	Value Ratio
270900	Oils; petroleum oils and oils obtained from bituminous minerals, crude	7.57B	221.10M	243.40M	6.46K	100.00%

Check Detailed HS Code 2709 Breakdown

Crude Oil Export Destinations from Malaysia

Malaysia’s crude oil exports in 2025 were highly concentrated, with Thailand accounting for 69.9% of the total export value, followed by Australia (13.1%) and China (5.7%). The high value share to Thailand, coupled with its dominant 68.6% weight share, indicates a major, consistent bulk supply relationship. Singapore, while a significant volume hub (21.6% weight share), accounted for a much lower 4.1% of value, suggesting its role as a regional trading and transshipment node for lower-value shipments.

Sub-HS 270900 Top Destinations

For sub-HS 270900, the main importers are Thailand, Australia, China, Singapore, and Brunei. Top 5: Thailand (69.9% value, 68.6% weight), Australia (13.1% value, 6.6% weight), China (5.7% value, 2.6% weight), Singapore (4.1% value, 21.6% weight), Brunei (2.6% value, 0.2% weight).

Thailand’s overwhelming share points to dedicated pipeline or term-contract supply for its refineries. Australia’s high value-to-weight ratio suggests imports of potentially sweeter, higher-value crude grades. China’s imports are likely for strategic reserve top-ups or specific refinery configurations. Singapore’s high weight but lower value share is characteristic of its role as a regional trading and blending hub. Brunei’s imports, though smaller in volume, represent a high-value exchange, possibly linked to swap agreements or niche processing needs.

Table: Malaysia Crude Oil Top Destination Countries (Source: yTrade)

HS Code	Country	Value	Quantity	Frequency	Weight
270900	THAILAND	5.29B	162.23M	129.00	151.67M
	AUSTRALIA	991.73M	21.16M	75.00	14.49M
	CHINA MAINLAND	428.02M	9.53M	20.00	5.72M
	SINGAPORE	310.58M	48.00M	6.12K	47.85M
	BRUNEI	195.00M	343.10K	53.00	343.10K

Get Malaysia Crude Oil (HS Code 2709) Complete Destination Countries Profile

Malaysia’s crude oil export market is dominated by a few major producers, creating a concentrated supply base

The market splits into four styles. Repeat, large-volume shippers, like Sarawak Shell, handled over 90% of the export value in 2025 from just 6% of shipments, indicating a high concentration risk. Infrequent bulk shippers contributed the remaining significant volume. Frequent small-lot and occasional shippers accounted for most shipment activity but negligible value.

This extreme concentration means supply chain resilience depends heavily on retaining and managing a few key partners.

yTrade’s supplier list includes: SARAWAK SHELL BERHAD, PTTEP SARAWAK OIL LTD, PTTEP SABAH OIL LIMITED, and MENARA EXXONMOBIL.

• Prioritize contract discipline and consistent quality documentation with core suppliers.

• Develop contingency plans for potential disruptions from these few large sources.

Table: Malaysia Crude Oil (HS Code 2709) Top Suppliers List (Source: yTrade)

Supplier Company	Value	Quantity	Frequency	Weight
PETCO TRADING LABUAN COMPANY LTD	4.36B	93.96M	195.00	93.93M
HIBISCUS OIL & GAS MALAYSIA LTD	868.11M	52.81M	23.00	52.81M
PETROLIAM NASIONAL BERHAD	412.80M	5.34M	17.00	2.29M
BRUNEI ENERGY SERVICES & TRADING	******	******	******	******

Check Full Malaysia Crude Oil Suppliers list

Frequently Asked Questions

How much Crude Oil did Malaysia Export in 2025 (HS Code 2709)?

According to the yTrade customs database, Malaysia exported $7.57 billion worth of crude oil under HS Code 2709 in 2025, with high-frequency shipments typical for bulk commodity trade.

What is the HS Code 2709 breakdown for Malaysia Crude Oil Export?

Malaysia’s crude oil exports under HS Code 2709 consist entirely of undifferentiated petroleum oils (sub-code 270900), with no recorded exports of specific crude grades or processed types.

Who are the main partners for Malaysia Crude Oil Export (HS Code 2709)?

Thailand dominated as the top destination (69.9% of value), followed by Australia (13.1%) and China (5.7%), reflecting concentrated bulk supply relationships.

Why does the unit price differ across partners in Malaysia Crude Oil Export?

Price variations stem from Thailand’s bulk pipeline contracts and Australia’s likely imports of higher-value crude grades, all under sub-code 270900.

How to verify a Crude Oil Exporter in Malaysia?

Check shipment frequency consistency; confirm HS 270900-only exports; validate recurring trade with major partners like Thailand or key suppliers like Sarawak Shell.

How is Crude Oil typically used in this trade flow?

Malaysia’s crude oil exports are primarily used for refining into fuels or as feedstock in partner countries’ industrial and energy sectors.