Brunei
2020 Product Exports | Imports: $7.13B | $4.95B, 99 of 226 | 133 of 226
2020 Per Capita Product Exports | Imports: $16.3k | $11.3k, 52 of 219 | 51 of 219
2016 Service Exports | Imports : $528M | $1.46B, 121 of 156 | 104 of 156
Overview In 2020 Brunei was the number 99 economy in the world in terms of total exports and the number 133 in total imports.
Exports The top exports of Brunei are Petroleum Gas ($2.38B), Refined Petroleum ($1.78B), Crude Petroleum ($1.47B), Cyclic Hydrocarbons ($959M), and Coal Tar Oil ($163M), exporting mostly to Japan ($1.6B), China ($1.23B), Singapore ($1.13B), Australia ($839M), and Malaysia ($487M).
Imports The top imports of Brunei are Crude Petroleum ($1.31B), Refined Petroleum ($343M), Cars ($248M), Valves ($149M), and Gas Turbines ($131M), importing mostly from Singapore ($843M), Malaysia ($809M), China ($542M), Kazakhstan ($346M), and United Kingdom ($221M).
In 2020, Brunei was the world's biggest importer of Non-Petroleum Gas ($25.3M)
Location Brunei borders Malaysia by land.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Brunei.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2020): Petroleum Gas, $2.38B
Top Destination (2020): Japan, $1.6B
In 2020, Brunei exported a total of $7.13B, making it the number 99 exporter in the world. During the last five reported years the exports of Brunei have changed by $721M from $6.41B in 2015 to $7.13B in 2020.
The most recent exports are led by Petroleum Gas ($2.38B), Refined Petroleum ($1.78B), Crude Petroleum ($1.47B), Cyclic Hydrocarbons ($959M), and Coal Tar Oil ($163M). The most common destination for the exports of Brunei are Japan ($1.6B), China ($1.23B), Singapore ($1.13B), Australia ($839M), and Malaysia ($487M).
Yearly Imports
#permalink to sectionTop Import (2020): Crude Petroleum, $1.31B
Top Origin (2020): Singapore, $843M
In 2020 Brunei imported $4.95B, making it the number 133 trade destination in the world. During the last five reported years the imports of Brunei changed by $247M from $4.7B in 2015 to $4.95B in 2020.
The most recent imports of Brunei are led by Crude Petroleum ($1.31B), Refined Petroleum ($343M), Cars ($248M), Valves ($149M), and Gas Turbines ($131M). The most common import partners for Brunei are Singapore ($843M), Malaysia ($809M), China ($542M), Kazakhstan ($346M), and United Kingdom ($221M).
Market 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).
Tariffs
#permalink to sectionTariffs by Product
#permalink to sectionThe top product import tariffs by their MFN Ad Valorem value for Brunei are Articles for Christmas festivities (10%)and Brass-wind instruments (10%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Brunei are:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionBrunei has a high level of specialization in Cyclic Hydrocarbons (73.4), Petroleum Gas (25.7), Coal Tar Oil (18.9), Acyclic Alcohols (13.5), and Refined Petroleum (9.3). 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 (1.48), Tungsten (wolfram) and articles, waste or scrap (1.46), Cyclic hydrocarbons (0.6), Parts for electric motors and generators (0.57), and Acyclic hydrocarbons (0.49). 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 Ammonia (0.024), Iron Reductions (0.024), Nitrogenous Fertilizers (0.023), Ethylene Polymers (0.021), and Raw Aluminium (0.021). 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
