Observatory of Economic Complexity

Flag Brunei

Product Exports (2018): $6.39B, Rank 104 of 222

Exports Per Capita (2018): $14.9k, Rank 62 of 219

Product Imports (2018): $4.69B, Rank 134 of 221

Imports Per Capita (2018): $10.9k, Rank 64 of 219

Service Exports (2016): $528M, Rank 121 of 152

Service Imports (2016): $1.46B, Rank 103 of 152

GDP (2018): $13.6B, CURRENT US$
Rank 130 of 196

GDP growth (2008 - 2018): -5.74%, CURRENT US$
Rank 181 of 196

GDP PC (2018): $31,628, CURRENT US$
Rank 33 of 196

GDP PC GROWTH (2008 - 2018): -16.6%, CURRENT US$
Rank 180 of 196

About

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Exports: The top exports of Brunei are Petroleum Gas ($3.05B), Crude Petroleum ($2.74B), Acyclic Alcohols ($253M), Aircraft Parts ($31.9M), and Spark-Ignition Engines ($25.3M), exporting mostly to Japan ($2.12B), Thailand ($796M), Singapore ($579M), South Korea ($571M), and Australia ($533M).

Imports: The top imports of Brunei are Planes, Helicopters, and/or Spacecraft ($444M), Refined Petroleum ($273M), Iron Structures ($197M), Cars ($190M), and Other Heating Machinery ($180M), importing mostly from China ($1.59B), Singapore ($738M), Malaysia ($575M), France ($387M), and United States ($258M).

Location: Brunei borders Malaysia by land.

Product Trade

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Yearly Exports

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Value
Depth

Top Export (2018): Petroleum Gas, $3.05B

Top Destination (2018): Japan, $2.12B

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.

The most recent exports are led by Petroleum Gas ($3.05B), Crude Petroleum ($2.74B), Acyclic Alcohols ($253M), Aircraft Parts ($31.9M), and Spark-Ignition Engines ($25.3M). The most common destination for the exports of Brunei are Japan ($2.12B), Thailand ($796M), Singapore ($579M), South Korea ($571M), and Australia ($533M).

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Yearly Imports

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Value
Depth

Top Import (2018): Planes, Helicopters, and/or Spacecraft, $444M

Top Origin (2018): China, $1.59B

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.

The most recent imports of Brunei are led by Planes, Helicopters, and/or Spacecraft ($444M), Refined Petroleum ($273M), Iron Structures ($197M), Cars ($190M), and Other Heating Machinery ($180M). The most common import partners for Brunei are China ($1.59B), Singapore ($738M), Malaysia ($575M), France ($387M), and United States ($258M).

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Monthly Trade

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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Brunei 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).

Forecasts

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Trade Forecasts

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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.

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Economic Complexity

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Most Specialized Products by RCA Index

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Brunei has a high level of specialization in Petroleum Gas (29.3), Acyclic Alcohols (19.3), Crude Petroleum (7.31), Pulley Systems (5.71), and Metal-Clad Products (3.26). 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

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The highest complexity exports of Brunei according to the product complexity index (PCI) are Binoculars, monoculars, telescopes, etc (0.97), Derricks, cranes, straddle carriers, crane trucks (0.95), Play, fair-ground equipment, travellng circus, theatre (0.8), Spark-ignition internal combustion engines (0.67), and Pulley tackle, hoists, winches, capstans and jacks (0.45). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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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.

Product Space

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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.

Diversification Frontier

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Depth

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.

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