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Exports In 2022, Brunei exported $2.1B in Crude Petroleum, making it the 36th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in Brunei. The main destination of Crude Petroleum exports from Brunei are: Australia ($998M), Thailand ($288M), India ($277M), Singapore ($259M), and Japan ($76.8M).

The fastest growing export markets for Crude Petroleum of Brunei between 2021 and 2022 were Australia ($374M), Indonesia ($64.6M), and South Korea ($62.5M).

Imports In 2022, Brunei imported $5.05B in Crude Petroleum, becoming the 30th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Brunei. Brunei imports Crude Petroleum primarily from: Malaysia ($1.19B), United Arab Emirates ($935M), Kazakhstan ($540M), Qatar ($523M), and Saudi Arabia ($340M).

The fastest growing import markets in Crude Petroleum for Brunei between 2021 and 2022 were United Arab Emirates ($779M), Qatar ($460M), and Malaysia ($429M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.1B
IMPORTS (2022)$5.05B
NET TRADE (2022)-$2.95B

In 2022, Brunei exported $2.1B in Crude Petroleum. The main destinations of Brunei exports on Crude Petroleum were Australia ($998M), Thailand ($288M), India ($277M), Singapore ($259M), and Japan ($76.8M).

In 2022, Brunei imported $5.05B in Crude Petroleum, mainly from Malaysia ($1.19B), United Arab Emirates ($935M), Kazakhstan ($540M), Qatar ($523M), and Saudi Arabia ($340M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Brunei WERE (2021 - 2022):
Australia$374M (59.9%)
Indonesia$64.6M (1%)
South Korea$62.5M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Brunei WERE (2021 - 2022):
India-$174M (-38.6%)
Thailand-$145M (-33.5%)
Singapore-$93.2M (-26.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Brunei's main exporting competitors in Crude Petroleum were:
In 2022, Brunei's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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