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Exports In 2023, Brunei exported $3.39B in Refined Petroleum, making it the 37th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Brunei. The main destination of Refined Petroleum exports from Brunei are: Australia ($1.55B), Singapore ($1.28B), Malaysia ($178M), Indonesia ($78.9M), and Philippines ($75.9M).

The fastest growing export markets for Refined Petroleum of Brunei between 2022 and 2023 were South Africa ($54.1M), Mozambique ($32.9M), and Hong Kong ($24.8M).

Imports In 2023, Brunei imported $699M in Refined Petroleum, becoming the 126th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Brunei. Brunei imports Refined Petroleum primarily from: China ($388M), Malaysia ($155M), United Arab Emirates ($127M), Australia ($13.3M), and Singapore ($6.76M).

The fastest growing import markets in Refined Petroleum for Brunei between 2022 and 2023 were Malaysia ($119M), United Arab Emirates ($98.2M), and China ($55.6M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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 Refined 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 (2023)$3.39B
IMPORTS (2023)$699M
NET TRADE (2023)$2.69B

In 2023, Brunei exported $3.39B in Refined Petroleum. The main destinations of Brunei exports on Refined Petroleum were Australia ($1.55B), Singapore ($1.28B), Malaysia ($178M), Indonesia ($78.9M), and Philippines ($75.9M).

In 2023, Brunei imported $699M in Refined Petroleum, mainly from China ($388M), Malaysia ($155M), United Arab Emirates ($127M), Australia ($13.3M), and Singapore ($6.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Brunei WERE (2022 - 2023):
South Africa$54.1M (1%)
Mozambique$32.9M (1%)
Hong Kong$24.8M (209%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Brunei WERE (2022 - 2023):
Vietnam-$453M (-96.6%)
Indonesia-$394M (-83.3%)
Singapore-$324M (-20.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Brunei's main exporting competitors in Refined Petroleum were:
In 2023, Brunei's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
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Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

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