2022
Flag  
GDP
$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP GROWTH
-12.4%CURRENT US$
Rnk 176 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$37,152CURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP PC GROWTH
-20.7%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Brunei-Australia Trade: In 2022, Brunei exported $2.66B to Australia. The main products that Brunei exported to Australia were Refined Petroleum ($1.63B), Crude Petroleum ($998M), and Nitrogenous Fertilizers ($33.4M). Over the past 5 years the exports of Brunei to Australia have increased at an annualized rate of 68.1%, from $198M in 2017 to $2.66B in 2022.

In 2022, Brunei did not export any services to Australia.

Australia-Brunei Trade: In 2022, Australia exported $388M to Brunei. The main products that Australia exported to Brunei were Crude Petroleum ($303M), Frozen Bovine Meat ($18.1M), and Refined Petroleum ($17.6M). Over the past 5 years the exports of Australia to Brunei have increased at an annualized rate of 58.4%,  from $38.9M in 2017 to $388M in 2022.

In 2009, Australia exported services to Brunei worth $48.3M, with Travel ($28.5M), Transportation ($16.6M), and Other business services ($2.38M) being the largest in terms of value.

Comparison In 2022,  Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brunei exported $2.66B to Australia. The main products exported from Brunei to Australia were Refined Petroleum ($1.63B), Crude Petroleum ($998M), and Nitrogenous Fertilizers ($33.4M). During the last 5 years the exports of Brunei to Australia have increased at an annualized rate of 68.1%, from $198M in 2017 to $2.66B in 2022.

In 2017, Australia exported $388M to Brunei. The main products exported from Australia to Brunei were Crude Petroleum ($303M), Frozen Bovine Meat ($18.1M), and Refined Petroleum ($17.6M). During the last 5 years the exports of Australia to Brunei have increased at an annualized rate of 58.4%, from $38.9M in 2022 to $388M in 2017.

Exports from Brunei (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Brunei (Flag) (2022)

Latest Data

Trade between Brunei (Flag) and Australia (Flag)

Brunei Exports

Australia Exports

Market Competitiveness

Color
Brunei
Top Destination
Australia$2.66B
Australia
Top Destination
China$123B

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 2022, countries that imported more from Brunei than Australia included Curaçao ($9.25M), Burma ($113M), and North Korea ($110).

In 2022, countries that imported more from Australia than Brunei included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Brunei (Flag) (2022)

Comparative Advantage Brunei - Australia

Flow
Scale

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

During 2022, Brunei had a large net trade with Australia in the exports of Mineral Products ($2.62B), Chemical Products ($33.4M), and Animal Products ($1.91M).

During 2017, Australia had a large net trade with Brunei in the exports of Mineral Products ($320M), Animal Products ($46.5M), and Foodstuffs ($5.88M).

Economic Complexity

Competitive Landscape

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

Product Space of Brunei (Flag) and Australia (Flag) (2022)

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