Overview: This page contains the latest international trade data for Brunei, including service trade data. In 2018 Brunei was the number 130 economy in the world in terms of GDP (current US$), the number 104 in total exports, and the number 134 in total imports. In 2018, Brunei exported $6.39B and imported $4.69B, resulting in a positive trade balance of $1.7B. In 2018, Brunei's exports per capita were $14.9k and its imports per capita were $10.9k.
In 2018 Brunei exported a total of $6.39B, making it the number 104 exporter in the world. During the last five reported years the exports of Brunei have changed by -$4.76B from $11.2B in 2013 to $6.39B in 2018.
In 2018 Brunei imported $4.69B, making it the number 134 trade destination in the world. During the last five reported years the imports of Brunei changed by -$806M from $5.5B in 2013 to $4.69B in 2018.
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).
This section shows forecasts for total product exports and imports for Brunei. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
The top export opportunities for Brunei according to the relatedness index, are Revenue Stamps (0.029), Scrap Vessels (0.028), Surveying Equipment (0.028), Non-fillet Fresh Fish (0.028), and Antiques (0.027). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brunei is not specialized in.
The 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.
The 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.
Brunei
