2023
Flag  
GDP
$15.1BCURRENT US$
Rnk 137 / 195
2013-2023
Flag
GDP GROWTH
-16.4%CURRENT US$
Rnk 187 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$32,963CURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP PC GROWTH
-25.1%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Brunei-Australia Trade: In 2023, Brunei exported $2.25B to Australia. The main products that Brunei exported to Australia were Refined Petroleum ($1.55B), Crude Petroleum ($616M), and Nitrogenous Fertilizers ($74.8M). Over the past 5 years the exports of Brunei to Australia have increased at an annualized rate of 33.9%, from $522M in 2018 to $2.25B in 2023.

In 2023, Brunei did not export any services to Australia.

Australia-Brunei Trade: In 2023, Australia exported $525M to Brunei. The main products that Australia exported to Brunei were Crude Petroleum ($467M), Refined Petroleum ($13.3M), and Frozen Bovine Meat ($8.18M). Over the past 5 years the exports of Australia to Brunei have increased at an annualized rate of 60.3%,  from $49.6M in 2018 to $525M in 2023.

In 2009, Australia exported services to Brunei worth $48.3M, with Travel ($28.5M), Transportation ($16.6M), and Other business services ($2.38M) being the largest in terms of value.

Comparison In 2023,  Brunei ranked 101 in total exports ($10.9B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brunei exported $2.25B to Australia. The main products exported from Brunei to Australia were Refined Petroleum ($1.55B), Crude Petroleum ($616M), and Nitrogenous Fertilizers ($74.8M). During the last 5 years the exports of Brunei to Australia have increased at an annualized rate of 33.9%, from $522M in 2018 to $2.25B in 2023.

In 2018, Australia exported $525M to Brunei. The main products exported from Australia to Brunei were Crude Petroleum ($467M), Refined Petroleum ($13.3M), and Frozen Bovine Meat ($8.18M). During the last 5 years the exports of Australia to Brunei have increased at an annualized rate of 60.3%, from $49.6M in 2023 to $525M in 2018.

Exports from Brunei (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Brunei (Flag) (2023)

Latest Data

Trade between Brunei (Flag) and Australia (Flag)

Brunei Exports

Australia Exports

Market Competitiveness

Color
Brunei
Top Destination
Australia$2.25B
Australia
Top Destination
China$137B

This map shows whether countries import more from Brunei or Australia. Each country is colored based on the difference in imports they receive from Brunei and Australia or the difference in the growth in imports.

In 2023, countries that imported more from Brunei than Australia included Curaçao ($6.34M) and North Korea ($1).

In 2023, countries that imported more from Australia than Brunei included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Brunei (Flag) (2023)

Comparative Advantage Brunei - Australia

Flow
Scale

This chart compares trade between Brunei and Australia by product, considering products traded by both, Brunei and Australia.

During 2023, Brunei had a large net trade with Australia in the exports of Mineral Products ($2.17B), Chemical Products ($74.8M), and Transportation ($1.51M).

During 2018, Australia had a large net trade with Brunei in the exports of Mineral Products ($481M), Animal Products ($24.2M), and Vegetable Products ($6.03M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brunei and Australia. This means that a dot/product with the flag of Brunei indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Brunei.

Product Space of Brunei (Flag) and Australia (Flag) (2023)

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