Brunei
2019 Product Exports | Imports: $7B | $5.04B, 103 of 225 | 136 of 225
2019 Per Capita Product Exports | Imports: $16.2k | $11.6k, 20 of 219 | 55 of 219
2016 Service Exports | Imports : $528M | $1.46B, 121 of 156 | 104 of 156
Overview In 2019 Brunei was the number 131 economy in the world in terms of GDP (current US$), the number 103 in total exports, the number 136 in total imports, the number 34 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Brunei are Petroleum Gas ($3.23B), Crude Petroleum ($2.7B), Refined Petroleum ($361M), Acyclic Alcohols ($161M), and Cyclic Hydrocarbons ($49.9M), exporting mostly to Japan ($2.37B), Australia ($822M), Singapore ($686M), India ($565M), and Malaysia ($563M).
Imports The top imports of Brunei are Crude Petroleum ($974M), Refined Petroleum ($390M), Cars ($199M), Tug Boats ($119M), and Valves ($103M), importing mostly from Singapore ($906M), China ($678M), Malaysia ($622M), Nigeria ($253M), and United Arab Emirates ($247M).
In 2019, Brunei was the world's biggest importer of Non-Petroleum Gas ($83.1M)
Location Brunei borders Malaysia by land.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Petroleum Gas, $3.23B
Top Destination (2019): Japan, $2.37B
In 2019, Brunei exported a total of $7B, making it the number 103 exporter in the world. During the last five reported years the exports of Brunei have changed by -$3.54B from $10.5B in 2014 to $7B in 2019.
The most recent exports are led by Petroleum Gas ($3.23B), Crude Petroleum ($2.7B), Refined Petroleum ($361M), Acyclic Alcohols ($161M), and Cyclic Hydrocarbons ($49.9M). The most common destination for the exports of Brunei are Japan ($2.37B), Australia ($822M), Singapore ($686M), India ($565M), and Malaysia ($563M).
Yearly Imports
#permalink to sectionTop Import (2019): Crude Petroleum, $974M
Top Origin (2019): Singapore, $906M
In 2019 Brunei imported $5.04B, making it the number 136 trade destination in the world. During the last five reported years the imports of Brunei changed by $62.3M from $4.97B in 2014 to $5.04B in 2019.
The most recent imports of Brunei are led by Crude Petroleum ($974M), Refined Petroleum ($390M), Cars ($199M), Tug Boats ($119M), and Valves ($103M). The most common import partners for Brunei are Singapore ($906M), China ($678M), Malaysia ($622M), Nigeria ($253M), and United Arab Emirates ($247M).
Monthly Trade
#permalink to sectionMarket Growth
#permalink to sectionService Trade
#permalink to sectionService Trade
#permalink to sectionBrunei Exports Services (2016): $528M
Brunei Imports Services (2016): $1.46B
In 2016, Brunei exported $528M worth of services. The top services exported by Brunei in 2016 were Transportation ($346M), Travel ($144M), Government services, n.i.e. ($21.7M), Other business services ($15.5M), and Insurance services ($1.4M).
The top services imported by Brunei in 2016 were Other business services ($659M), Travel ($499M), Transportation ($213M), Government services, n.i.e. ($29M), and Construction services ($26.4M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionBrunei has a high level of specialization in Petroleum Gas (27.9), Acyclic Alcohols (13.6), Cranes (8.67), String Instruments (7.59), and Crude Petroleum (7.07). Specialization is measured using RCA, an index that takes the ratio between Brunei observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Brunei according to the product complexity index (PCI) are Organo-inorganic compounds, nes (1.56), Tungsten (wolfram) and articles, waste or scrap (1.36), Pulley tackle, hoists, winches, capstans and jacks (0.71), Cyclic hydrocarbons (0.71), and Carboxyamid-function compounds (0.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Brunei according to the relatedness index, are Special Purpose Ships (0.031), Sulphur (0.031), Aircraft Launch Gear (0.03), Phosphides (0.03), and Prints (0.03). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brunei is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.