Import Export Data Malaysia Discloses high-demand of Gasoline from China

In the past few years, Malaysia’s Nominal Ranking has lacked against the PPP ranking, meaning, the economic statistics of Malaysia are higher as compared to International GDP calcutives. Thus, Malaysia Custom Data discloses its higher purchasing power against its imports. Recently in June 2021, Malaysia Shipment Data manifested higher than usual import of Gasoline from China. As a consequence, Malaysia is now at the top list importers of Gasoline from China. 

According to the latest statistics, Malaysia imported over 2 million MT of Gasoline from China. The fact astounded exporters of other countries due to Malaysia lacking purchasing power in the context of Gasoline in 2020. To the reader’s surprise, for 10 months in 2020, Malaysia only imported 1.09 million MT Gasoline approximately. Clearly, in 2021, month of June, Malaysia custom data for Gasoline increased by 80% (round-up figure). 

On the other hand, Australia is China’s top-ranking import of Gasoil. According to the latest custom data at Cybex Exim, Australia’s gasoil demand is going up at a mainstream pace. For instance, in the month of June 2021, Australia’s gasoil import was calculated to be 182% more than what imported in May 2021. 

As per China custom data, gasoline’s export to the Philippines has been compromised by 5%. The situation is similar for Pakistan and Indonesia. 

To put insightful spotlight on Malaysia’s shipment data, following are the lists of top 5 imports and exports pursued in the past few years. Let’s take a glance: 

What does Malaysia mainly import? 

Import data Malaysia peaks high interest in Electronics, Chemicals, and Machinery. Given that, the country doesn’t depend on exporters for agricultural products because of its high-pace growth rate in the given department by 8%. Here is the list for your reference: 

• Electrical goods and electronic equipment and appliances (total worth: 57.3 Billion USD, total coverage: 30%)
• Mineral Fuels comprising in Oil, Coal, Petroleum, Natural Gas, Gasoline  (total worth: 22.7 Billion USD, total coverage: 12%)
• Machinery comprising in Computers, Laptops, Smartphones (total worth: 17.9 Billion USD, total coverage: 9.4%)
• Plastic ware products and related goods (total worth: 7.8 Billion USD, total coverage: 4%)
• Instruments for medical, optics, and technical purposes such as Gramophone (total worth: 5.4 Billion USD, total coverage: 2.8%)

Apart from the above-mentioned, Malaysia import data also disclosed high level (in billions) import of Iron Ore, Steel, Aluminium (raw material), vehicles, precious metals like Gold, Silver, Platinum, Gems, and Rubber-based finished products and particles. 

What does Malaysia Mainly Export? 

On one hand where Malaysia imports a large number of Electric goods from other countries, it also acts as an intermediate party and pursues re-export. Here are top 5 exports of Malaysia with total coverage and worth given: 

• Electrical goods and electronic equipment and appliances (total worth: 86.6 Billion USD, total coverage: 37%)
• Mineral Fuels comprising in Oil, Coal, Petroleum, Natural Gas, Gasoline  (total worth: 26.5 Billion USD, total coverage: 11.3%)
• Machinery comprising in Computers, Laptops, Smartphones (total worth: 20.2 Billion USD, total coverage: 8.6%)
• Animal-based edible products (total worth: 13.5 Billion USD, total coverage: 5.8%)
• Rubber ware products and related goods (total worth: 11.2 Billion USD, total coverage: 4.8%)

Apart from the above-mentioned, Malaysia export data also disclosed high level (in billions) export of Instruments for medical, optics, and technical purposes, Plastic ware products and related goods, Aluminium (raw material), Iron & Steel and chemical goods. 
For more information of Malaysia Custom data, visit www.cybex.in now.