Flag Brunei / Australia Flag

2019
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Exports
: $822M, Rnk 2 / 110

2019
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Top Product
: $755M, Crude Petroleum

2019
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Exports
: $42.9M, Rnk 78 / 208

2019
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Top Product
: $4.93M, Sheep and Goat Meat

2019
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Economic Complexity (ECI)
: ECI -0.19, Rnk 79 / 146

2019
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GDP
: $13.5B, CURRENT US$
Rnk 131 / 187

2009-2019
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GDP GROWTH
: 25.5%, CURRENT US$
Rnk 139 / 187

2019
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 GDP
: $1.4T, CURRENT US$
Rnk 13 / 187

2009-2019
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GDP GROWTH
: 50.5%, CURRENT US$
Rnk 93 / 187

2019
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GDP PC 
: $31,087, CURRENT US$
Rnk 34 / 187

2009-2019
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GDP PC GROWTH
: 11.2%, CURRENT US$
Rnk 138 / 187

2019
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GDP PC
: $55,060, CURRENT US$
Rnk 12 / 187

2009-2019
Flag
GDP PC GROWTH
: 28.7%, CURRENT US$
Rnk 95 / 187

Brunei-Australia In 2019, Brunei exported $822M to Australia. The main products that Brunei exported to Australia are Crude Petroleum ($755M), Refined Petroleum ($59.3M), and Aluminium Structures ($4.93M). During the last 24 years the exports of Brunei to Australia have increased at an annualized rate of 18.5%, from $14.1M in 1995 to $822M in 2019.

In 2019, Brunei did not export any services to Australia.

Australia-Brunei In 2019, Australia exported $42.9M to Brunei . The main products that Australia exported to Brunei were Sheep and Goat Meat ($4.93M), Bovine ($4.83M), and Cheese ($2.22M). During the last 24 years the exports of Australia to Brunei have decreased at an annualized rate of 0.41%, from $47.3M in 1995 to $42.9M in 2019.

In 2018, Australia exported services to Brunei worth $44.1M, with Travel ($27.6M), Transportation ($12.7M), and Government services, n.i.e. ($1.49M) being the largest in terms of value.

Comparison In 2019,  Brunei ranked 103 in total exports ($7B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 79 in the Economic Complexity Index (ECI -0.19), and 19 in total exports ($284B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Brunei exported $822M to Australia. The main products exported from Brunei to Australia were Crude Petroleum ($755M), Refined Petroleum ($59.3M), and Aluminium Structures ($4.93M). During the last 24 years the exports of Brunei to Australia have increased at an annualized rate of 18.5%, from $14.1M in 1995 to $822M in 2019.

In 2019, Australia exported $42.9M to Brunei. The main products exported from Australia to Brunei were Sheep and Goat Meat ($4.93M), Bovine ($4.83M), and Cheese ($2.22M). During the last 24 years the exports of Australia to Brunei have decreased at an annualized rate of 0.41%, from $47.3M in 1995 to $42.9M in 2019.

Brunei Exports

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Australia Exports

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Market Competitiveness

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Measure

Brunei
Top Destination
: Japan, $2.37B

Australia
Top Destination
: China, $111B

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

In 2019, countries that imported more from Brunei than Australia were North Korea ($729k)and Curaçao ($723k).

In 2019, countries that imported more from Australia than Brunei were China ($111B), Japan ($41.5B), and South Korea ($18.9B).

Comparative Advantage Brunei - Australia

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Depth

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

During 2019, Brunei had a large net trade with Australia in the exports of Mineral Products ($814M), Metals ($5.08M), and Instruments ($1.35M).

During 2019, Australia had a large net trade with Brunei in the exports of Animal Products ($18.9M), Machines ($6.05M), and Vegetable Products ($5.18M).

Tariff Section

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This section shows import tariffs for products traded between Brunei and Australia (using the HS6 product classification and the last year reported).

In 2019, the products from Brunei that paid the highest import tariffs to enter Australia were Seats nes (1%)and Light petroleum distillates nes (0.36%).

In 2019, the products from Australia that paid the highest import tariffs to enter Brunei were Vegetable preparations: bamboo shoots, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (5%)and Vegetable preparations: vegetables and mixtures of vegetables n.e.c. in heading no. 2005, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (5%).

*The tariffs present between Brunei and Australia are:
1: AANZFTA ASEAN - Australia - New Zealand Free Trade Area
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2018, Australia exported services to Brunei worth $44.1M, with Travel ($27.6M), Transportation ($12.7M), and Government services, n.i.e. ($1.49M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Brunei has comparative advantage over Australia. Similarly, the more red a dot/product is, the more Australia has comparative advantage over Brunei.