Brunei
2021 Product Exports | Imports: $11.3B | $7.93B, 91 of 226 | 119 of 226
2021 Per Capita Product Exports | Imports: $25.6k | $18k, 11 of 219 | 52 of 219
2016 Service Exports | Imports : $528M | $1.46B, 124 of 156 | 106 of 156
Overview In 2021 Brunei was the number 91 economy in the world in terms of total exports and the number 119 in total imports.
Exports The top exports of Brunei are Refined Petroleum ($3.57B), Petroleum Gas ($3.1B), Crude Petroleum ($2.1B), Cyclic Hydrocarbons ($1.76B), and Acyclic Alcohols ($205M), exporting mostly to Singapore ($2.36B), China ($2.27B), Japan ($2.15B), Australia ($1.55B), and Malaysia ($611M).
Imports The top imports of Brunei are Crude Petroleum ($4.51B), Refined Petroleum ($370M), Cars ($273M), Coal Briquettes ($128M), and Packaged Medicaments ($106M), importing mostly from Malaysia ($1.61B), Russia ($1.14B), Singapore ($850M), Saudi Arabia ($815M), and China ($649M).
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 sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2021): Refined Petroleum, $3.57B
Top Destination (2021): Singapore, $2.36B
In 2021, Brunei exported a total of $11.3B, making it the number 91 exporter in the world. During the last five reported years the exports of Brunei have changed by $6.48B from $4.84B in 2016 to $11.3B in 2021.
The most recent exports are led by Refined Petroleum ($3.57B), Petroleum Gas ($3.1B), Crude Petroleum ($2.1B), Cyclic Hydrocarbons ($1.76B), and Acyclic Alcohols ($205M). The most common destination for the exports of Brunei are Singapore ($2.36B), China ($2.27B), Japan ($2.15B), Australia ($1.55B), and Malaysia ($611M).
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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionBrunei has a high level of specialization in Cyclic Hydrocarbons (69.2), Petroleum Gas (13.1), Water and Gas Generators (9.61), Acyclic Alcohols (9.54), and Refined Petroleum (8.88). 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 Tungsten (1.43), Engine Parts (0.82), Aircraft Parts (0.77), Cyclic Hydrocarbons (0.67), and Reaction and Catalytic Products (0.57). 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, were Typewriters (0.03), Scrap Vessels (0.029), Ammonia (0.028), Tug Boats (0.027), and Nitrogenous Fertilizers (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
#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.
