2023
Flag  
GDP
$15.1BCURRENT US$
Rnk 137 / 195
2013-2023
Flag
GDP GROWTH
-16.4%CURRENT US$
Rnk 187 / 195
2023
Flag
 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 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
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Brunei-South Korea Trade: In 2023, Brunei exported $301M to South Korea. The main products that Brunei exported to South Korea were Petroleum Gas ($285M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.84M), and Nitrogenous Fertilizers ($5.58M). Over the past 5 years the exports of Brunei to South Korea have decreased at an annualized rate of 11.5%, from $554M in 2018 to $301M in 2023.

In 2023, Brunei did not export any services to South Korea.

South Korea-Brunei Trade: In 2023, South Korea exported $61.3M to Brunei. The main products that South Korea exported to Brunei were Cars ($26.2M), Cyclic Hydrocarbons ($10.3M), and Valves ($3.81M). Over the past 5 years the exports of South Korea to Brunei have decreased at an annualized rate of 9.41%,  from $100M in 2018 to $61.3M in 2023.

In 2023, South Korea did not export any services to Brunei.

Comparison In 2023,  Brunei ranked 101 in total exports ($10.9B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brunei exported $301M to South Korea. The main products exported from Brunei to South Korea were Petroleum Gas ($285M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.84M), and Nitrogenous Fertilizers ($5.58M). During the last 5 years the exports of Brunei to South Korea have decreased at an annualized rate of 11.5%, from $554M in 2018 to $301M in 2023.

In 2018, South Korea exported $61.3M to Brunei. The main products exported from South Korea to Brunei were Cars ($26.2M), Cyclic Hydrocarbons ($10.3M), and Valves ($3.81M). During the last 5 years the exports of South Korea to Brunei have decreased at an annualized rate of 9.41%, from $100M in 2023 to $61.3M in 2018.

Exports from Brunei (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Brunei (Flag) (2023)

Latest Data

Trade between Brunei (Flag) and South Korea (Flag)

Brunei Exports

South Korea Exports

Market Competitiveness

Color
Brunei
Top Destination
Australia$2.25B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Brunei than South Korea included Vietnam ($174M), Curaçao ($6.34M), and Bangladesh ($556k).

In 2023, countries that imported more from South Korea than Brunei included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Brunei (Flag) (2023)

Comparative Advantage Brunei - South Korea

Flow
Scale

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

During 2023, Brunei had a large net trade with South Korea in the exports of Mineral Products ($285M), Chemical Products ($15.6M), and Animal Products ($262k).

During 2018, South Korea had a large net trade with Brunei in the exports of Transportation ($27.7M), Chemical Products ($14.9M), and Machines ($7.28M).

Economic Complexity

Competitive Landscape

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

Product Space of Brunei (Flag) and South Korea (Flag) (2023)

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