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

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.

Trade: 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). 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).

Destinations: Brunei exports mostly to Japan ($2.12B), Thailand ($796M), Singapore ($579M), South Korea ($571M), and Australia ($533M), and imports mostly from China ($1.59B), Singapore ($738M), Malaysia ($575M), France ($387M), and United States ($258M).

Location: Brunei borders Malaysia by land.

Yearly Exports

#permalink to section
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).

Explore Visualizations

Yearly Imports

#permalink to section
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).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

#permalink to section

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.

Explore Forecasts

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

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

#permalink to section

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

#permalink to section

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.

Diversification Frontier

#permalink to section
Filter
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.