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

The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude 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 Petroleum oils, oils from bituminous minerals, crude, becoming the 30th largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 1st most imported product in Brunei. Brunei imports Petroleum oils, oils from bituminous minerals, crude primarily from: Malaysia ($1.19B), United Arab Emirates ($935M), Kazakhstan ($540M), Qatar ($523M), and Saudi Arabia ($340M).

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

Latest Trends

Jul 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 Petroleum oils, oils from bituminous minerals, crude. 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 Petroleum oils, oils from bituminous minerals, crude. The main destinations of Brunei exports on Petroleum oils, oils from bituminous minerals, crude were Australia ($998M), Thailand ($288M), India ($277M), Singapore ($259M), and Japan ($76.8M).

In 2022, Brunei imported $5.05B in Petroleum oils, oils from bituminous minerals, crude, 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 Petroleum oils, oils from bituminous minerals, crude 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 Petroleum oils, oils from bituminous minerals, crude 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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In 2022, Brunei's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
In 2022, Brunei's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:

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Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

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