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2023
Flag → Flag
Exports $61.3MRnk 105 / 142
2023
Flag → Flag
Top Product $26.2MCars
2023
Flag → Flag
Exports $301MRnk 7 / 120
2023
Flag → Flag
Top Product $285MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$15.1BCURRENT US$
Rnk 137 / 195
2013-2023
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GDP GROWTH-16.4%CURRENT US$
Rnk 187 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$32,963CURRENT US$
Rnk 42 / 196
2013-2023
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GDP PC GROWTH-25.1%CURRENT US$
Rnk 183 / 195

About

South Korea-Brunei Trade: In 2023, South Korea exported $61.3M to Brunei. The main products that South Korea exported to Brunei were Cars ($26.2M), Cyclic Hydrocarbons ($10.3M), and Valves ($3.81M). Over the past 5 years the exports of South Korea to Brunei have decreased at an annualized rate of 9.41%, from $100M in 2018 to $61.3M in 2023.

In 2023, South Korea did not export any services to Brunei.

Brunei-South Korea Trade: In 2023, Brunei exported $301M to South Korea. The main products that Brunei exported to South Korea were Petroleum Gas ($285M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.84M), and Nitrogenous Fertilizers ($5.58M). Over the past 5 years the exports of Brunei to South Korea have decreased at an annualized rate of 11.5%,  from $554M in 2018 to $301M in 2023.

In 2023, Brunei did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Brunei ranked 101 in total exports ($10.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $15.5M and imported $82.4M from Brunei, resulting in a negative trade balance of $66.9M. Between December 2023 and December 2024 the exports of South Korea have increased by $10.2M (196%) from $5.24M to $15.5M, while imports decreased by $-34.3M (-29.4%) from $117M to $82.4M.

Trade In December 2024, the top exports of South Korea to Brunei were Cars, tractors, trucks & parts thereof. ($6.03M), Electrical machinery and electronics ($406k), Preparations of cereals, flour, starch or... ($245k), Perfumery & cosmetics ($237k), and Machinery, mechanical appliances, & parts ($86k). In December 2024 the top imports of South Korea from Brunei were Mineral fuels, mineral oils and products... ($95.4M), Organic chemicals ($1.34M), Wood, wood articles, & charcoal ($34k), Edible fruits, nuts & fruit peels ($0), and Preparations of cereals, flour, starch or... ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Brunei was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($3.87M or 179%), Electrical machinery and electronics ($286k or 238%), and Preparations of cereals, flour, starch or... ($130k or 113%). In December 2024, the decrease in South Korea's year-by-year imports  from Brunei was explained primarily by an decrease in product imports  in Organic chemicals ($-488k or -26.6%) and Knitted clothing accesories ($-2k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$10.2M(196%)
IMPORT GROWTH (December 2023 - December 2024)$-34.3M(-29.4%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Brunei and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brunei and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $61.3M to Brunei. The main products exported from South Korea to Brunei were Cars ($26.2M), Cyclic Hydrocarbons ($10.3M), and Valves ($3.81M). During the last 5 years the exports of South Korea to Brunei have decreased at an annualized rate of 9.41%, from $100M in 2018 to $61.3M in 2023.

In 2018, Brunei exported $301M to South Korea. The main products exported from Brunei to South Korea were Petroleum Gas ($285M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.84M), and Nitrogenous Fertilizers ($5.58M). During the last 5 years the exports of Brunei to South Korea have decreased at an annualized rate of 11.5%, from $554M in 2023 to $301M in 2018.

Exports from South Korea (Flag) to Brunei (Flag) (2023)

Exports from Brunei (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Brunei
Top DestinationAustralia$2.25B

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

In 2023, countries that imported more from South Korea than Brunei included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Brunei than South Korea included Vietnam ($174M), Curaçao ($6.34M), and Bangladesh ($556k).

Difference in imports from Brunei (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Brunei

Flow
Scale

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

During 2023, South Korea had a large net trade with Brunei in the exports of Transportation ($27.7M), Chemical Products ($14.9M), and Machines ($7.28M).

During 2018, Brunei had a large net trade with South Korea in the exports of Mineral Products ($285M), Chemical Products ($15.6M), and Animal Products ($262k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Brunei (Flag) (2023)

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