Belgium (BEL) and Brunei (BRN) Trade | The Observatory of Economic Complexity

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Belgium-Brunei Trade: In 2023, Belgium exported $125M to Brunei. The main products that Belgium exported to Brunei were Vaccines, blood, antisera, toxins and cultures ($119M), Utility Meters ($1.03M), and Other Processed Vegetables ($564k). Over the past 5 years the exports of Belgium to Brunei have increased at an annualized rate of 82.6%, from $6.18M in 2018 to $125M in 2023.

In 2023, Belgium did not export any services to Brunei.

Brunei-Belgium Trade: In 2023, Brunei exported $316k to Belgium. The main products that Brunei exported to Belgium were Carboxyamide Compounds ($100k), Prepared Rubber Accelerators ($91.5k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($71.1k). Over the past 5 years the exports of Brunei to Belgium have increased at an annualized rate of 48%, from $44.5k in 2018 to $316k in 2023.

In 2023, Brunei did not export any services to Belgium.

Comparison In 2023, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Brunei ranked 101 in total exports ($10.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €1.01M and imported €229 from Brunei, resulting in a positive trade balance of €1.01M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-30.3k (-2.92%) from €1.04M to €1.01M, while imports decreased by €-3.83k (-94.4%) from €4.06k to €229.

Trade In October 2024, the top exports of Belgium to Brunei were Organic chemicals (€321k), Preparations of vegetables, fruit, nuts or... (€59.1k), Iron/Steel Articles (€49.4k), Optical, photo, & film equipment; medical... (€48.8k), and Electrical machinery and electronics (€43.3k). In October 2024 the top imports of Belgium from Brunei were .

Growth In October 2024, the decrease in Belgium's year-by-year exports to Brunei was explained primarily by an decrease in product exports in Pharmaceutical products (€-3.57M or -100%) and Beverages, spirits, & vinegar (€-32.9k or -75.7%). In October 2024, the decrease in Belgium's year-by-year imports from Brunei was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $125M to Brunei. The main products exported from Belgium to Brunei were Vaccines, blood, antisera, toxins and cultures ($119M), Utility Meters ($1.03M), and Other Processed Vegetables ($564k). During the last 5 years the exports of Belgium to Brunei have increased at an annualized rate of 82.6%, from $6.18M in 2018 to $125M in 2023.

In 2018, Brunei exported $316k to Belgium. The main products exported from Brunei to Belgium were Carboxyamide Compounds ($100k), Prepared Rubber Accelerators ($91.5k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($71.1k). During the last 5 years the exports of Brunei to Belgium have increased at an annualized rate of 48%, from $44.5k in 2023 to $316k in 2018.

Exports from Belgium () to Brunei () (2023)

Exports from Brunei () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

Brunei
Top DestinationAustralia$2.25B

This map shows whether countries import more from Belgium or Brunei. Each country is colored based on the difference in imports they receive from Belgium and Brunei or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Brunei included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Brunei than Belgium included Singapore ($1.72B), Australia ($2.25B), and Christmas Island ($5.33k).

Difference in imports from Brunei () and Belgium () (2023)

Comparative Advantage Belgium - Brunei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belgium and Brunei by product, considering products traded by both, Belgium and Brunei.

During 2023, Belgium had a large net trade with Brunei in the exports of Chemical Products ($120M), Foodstuffs ($1.5M), and Machines ($1.32M).

During 2018, Brunei had a large net trade with Belgium in the exports of Chemical Products ($263k), Machines ($38.4k), and Instruments ($13.9k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Belgium and Brunei. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Brunei. Similarly, a dot/product with the flag of Brunei indicates it has a comparative advantage over Belgium.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Brunei () (2023)

Exports from Brunei () to Belgium () (2023)

Market Competitiveness

Difference in imports from Brunei () and Belgium () (2023)

Comparative Advantage Belgium - Brunei

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Brunei () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Brunei () (2023)

Exports from Brunei () to Belgium () (2023)

Market Competitiveness

Difference in imports from Brunei () and Belgium () (2023)

Comparative Advantage Belgium - Brunei

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Brunei () (2023)

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