2025 Malaysia Petroleum Gases (HS 2711) Export: Value Surge & Correction

Key Takeaways

Petroleum Gases, classified under HS Code 2711, exhibited extreme volatility in value from January to June 2025.

• Market Pulse: Export value surged from $1.37B in January to an anomalous $44.41B in March before sharply correcting to $5.02B by June, while volume remained stable (200–208M kg) outside of a May dip (148M kg).
• Structural Shift: The Malaysia Petroleum Gases Export market is hyper-concentrated, with Vietnam absorbing 64.73% of value and 95.42% of revenue tied to a handful of High-Volume Repeaters like EQUINOR ASA.
• Product Logic: HS Code 2711 trade data reveals a bifurcated value chain—bulk gaseous natural gas ($0.22/kg) vs. premium liquefied propane ($38,000/kg), with Vietnam’s demand skewing toward high-margin processed variants.

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

Malaysia Petroleum Gases (HS Code 2711) Key Metrics Trend

Market Trend Summary

The Malaysia Petroleum Gases Export trend showed extreme volatility in value during the first half of 2025, while volume remained relatively stable outside of one anomalous month. Total export value began at $1.37B in January, held steady through February, then exploded to $44.41B in March

• an unprecedented monthly surge. This was followed by a sharp correction to $23.66B in April and a further drop to $2.60B in May, before partially recovering to $5.02B in June. Export volume maintained consistency between 200-208 million kg from January through April, then dipped to 148 million kg in May before rebounding to 198 million kg in June.

Drivers & Industry Context

The extraordinary March value spike for HS Code 2711 exports likely reflects either a major contract settlement or data reporting anomaly, given the absence of corresponding volume increases. The subsequent April-May correction suggests market normalization or inventory adjustments. These fluctuations occurred despite stable regulatory conditions, as Malaysia's [Customs Duties Order 2025] taking effect in November 2025 did not alter export policies for petroleum gases. The consistent volume throughout most periods indicates maintained production and shipping operations, with the value derived from HS Code 2711 being driven primarily by global LNG pricing dynamics rather than fundamental changes in Malaysia's export capacity or regulatory environment.

Table: Malaysia Petroleum Gases Export Trend (Source: yTrade)

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Malaysia HS Code 2711 Export Breakdown

Market Composition & Top Categories

The dominant export category for Malaysia HS Code 2711 is liquefied petroleum gases not elsewhere classified, capturing a 32.4 percent value share. According to yTrade data, liquefied butanes and propane follow closely with 32.4 percent and 20.4 percent value shares respectively, indicating a concentration in processed liquefied forms. The remaining exports consist primarily of low-value gaseous natural gas, which dominates by weight but contributes minimally to total value.

Value Chain & Strategic Insights

Unit prices exhibit extreme disparity, from $0.22 per kg for gaseous natural gas to over $38,000 per kg for liquefied propane, highlighting a clear split between bulk commodity and high-value specialized segments. This HS Code 2711 breakdown reveals a trade structure where natural gas operates as a price-sensitive commodity, while purified gases like propane and butanes command premium prices due to quality and processing. The market is thus specialized for certain products, driven by value-add stages rather than pure volume.

Table: Malaysia HS Code 2711) Export Breakdown Details (Source: yTrade)

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Malaysia Petroleum Gases Destination Countries

Geographic Concentration & Market Risk

Vietnam dominates Malaysia's Petroleum Gases exports, accounting for 64.73% of total value in the first half of 2025. This heavy reliance on a single market for over half of export earnings creates significant concentration risk for Malaysian suppliers. The remaining Malaysia Petroleum Gases export destinations are fragmented, with the next largest, China Mainland, holding just an 8.24% value share. This lopsided trade structure makes the sector vulnerable to any demand shifts or policy changes from Hanoi.

Purchasing Behavior & Demand Segmentation

Vietnam’s purchasing profile reveals a quality-conscious market for high-value specifications, not bulk commodity buying. The extreme disparity between its value ratio (64.73%) and its weight ratio (82.22%) confirms it pays a premium per kilogram, targeting higher-margin products. This pattern, combined with a moderate shipment frequency, points to strategic procurement of specialized Petroleum Gases rather than price-sensitive stockpiling. For Malaysian exporters, this signifies the trade partners for Petroleum Gases offer superior margin potential over pure volume scale.

Table: Malaysia Petroleum Gases (HS Code 2711) Top Destination Countries (Source: yTrade)

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Malaysia Petroleum Gases Buyer Companies Analysis

Buyer Concentration & Market Structure

According to yTrade data, the Malaysia Petroleum Gases export market is overwhelmingly dominated by a core group of Key Accounts. These High-Volume Repeaters, including major players like EQUINOR ASA, drove 95.42% of the total export value from January to June 2025. This indicates a market built on stable, long-term contract-based supply chains rather than spot trading.

Purchasing Behavior & Sales Strategy

This extreme concentration on a few High-Volume Repeaters creates significant customer concentration risk for Malaysian exporters; losing a single major account could severely impact revenue. The sales strategy must therefore prioritize deep relationship management and contract renewal strategies for these anchor clients to ensure retention. For HS Code 2711 buyer trends, the data suggests a mature market where consistent, high-volume partnerships are the primary growth engine.

Table: Malaysia Petroleum Gases (HS Code 2711) Top Buyers List (Source: yTrade)

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Action Plan for Petroleum Gases Market Operation and Expansion

Mitigate Volatility & Dependency Risks

• Hedge pricing exposure: Lock in contracts for liquefied propane/butanes to buffer against March-style value swings, given their premium pricing ($38,000/kg) and Vietnam’s quality-driven demand.
• Diversify geographically: Reduce reliance on Vietnam (64.73% share) by targeting China Mainland (8.24% share) with tailored high-spec gas offerings to replicate its premium/kg payment behavior.
• Renegotiate anchor contracts: Prioritize retention of High-Volume Repeaters (95.42% of revenue) with multi-year agreements and volume incentives to offset customer concentration risk.
• Optimize logistics for bulk gases: Cut transport costs for low-value gaseous natural gas ($0.22/kg) to preserve margins, as Vietnam’s weight-to-value mismatch (82.22% weight vs. 64.73% value) signals disinterest in commoditized volumes.
• Audit March anomaly: Investigate the $44.41B March spike—whether a data error or one-time contract—to preempt future volatility and align production with realistic demand.

Take Action Now —— Explore Malaysia Petroleum Gases HS Code 2711 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Malaysia Petroleum Gases Export in 2025?

The extreme volatility in export value—peaking at $44.41B in March 2025 before sharply correcting—reflects global LNG pricing dynamics or a major contract settlement, as volume remained stable. The market is driven by high-value processed gases like liquefied propane ($38,000/kg) rather than bulk commodity flows.

Q2. Who are the main destination countries of Malaysia Petroleum Gases (HS Code 2711) in 2025?

Vietnam dominates with a 64.73% value share, followed distantly by China Mainland at 8.24%. This heavy reliance on Vietnam creates significant geographic concentration risk for Malaysian exporters.

Q3. Why does the unit price differ across destination countries of Malaysia Petroleum Gases Export in 2025?

Prices range from $0.22/kg for low-value gaseous natural gas to $38,000/kg for purified liquefied propane. Vietnam’s premium payments (64.73% of value vs. 82.22% weight) confirm its focus on high-margin, specialized products.

Q4. What should exporters in Malaysia focus on in the current Petroleum Gases export market?

Prioritize retaining High-Volume Repeaters like EQUINOR ASA (95.42% of export value) through contract management, while diversifying away from Vietnam to mitigate single-market dependency.

Q5. What does this Malaysia Petroleum Gases export pattern mean for buyers in partner countries?

Buyers like Vietnam secure stable, high-quality supply chains but face limited supplier options. The market rewards long-term partnerships over spot trading, with premium pricing for processed gases.

Q6. How is Petroleum Gases typically used in this trade flow?

Liquefied propane and butanes (32.4% and 20.4% value shares) are high-value industrial inputs, while gaseous natural gas serves as a bulk commodity for energy or feedstock.