2022
Flag  
GDP
$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP GROWTH
-12.4%CURRENT US$
Rnk 176 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$37,152CURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP PC GROWTH
-20.7%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Brunei-South Korea Trade: In 2022, Brunei exported $746M to South Korea. The main products that Brunei exported to South Korea were Petroleum Gas ($191M), Crude Petroleum ($62.5M), and Nitrogenous Fertilizers ($7.88M). Over the past 5 years the exports of Brunei to South Korea have increased at an annualized rate of 17.8%, from $329M in 2017 to $746M in 2022.

In 2022, Brunei did not export any services to South Korea.

South Korea-Brunei Trade: In 2022, South Korea exported $83M to Brunei. The main products that South Korea exported to Brunei were Cars ($28.2M), Refined Petroleum ($7.39M), and Insulated Wire ($6.03M). Over the past 5 years the exports of South Korea to Brunei have increased at an annualized rate of 29.7%,  from $22.6M in 2017 to $83M in 2022.

In 2022, South Korea did not export any services to Brunei.

Comparison In 2022,  Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brunei exported $746M to South Korea. The main products exported from Brunei to South Korea were Petroleum Gas ($191M), Crude Petroleum ($62.5M), and Nitrogenous Fertilizers ($7.88M). During the last 5 years the exports of Brunei to South Korea have increased at an annualized rate of 17.8%, from $329M in 2017 to $746M in 2022.

In 2017, South Korea exported $83M to Brunei. The main products exported from South Korea to Brunei were Cars ($28.2M), Refined Petroleum ($7.39M), and Insulated Wire ($6.03M). During the last 22 years the exports of South Korea to Brunei have increased at an annualized rate of 29.7%, from $22.6M in 1995 to $83M in 2017.

Exports from Brunei (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Brunei (Flag) (2022)

Latest Data

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

Brunei Exports

South Korea Exports

Market Competitiveness

Color
Brunei
Top Destination
Australia$2.66B
South Korea
Top Destination
China$150B

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 2022, countries that imported more from Brunei than South Korea included Christmas Island ($44.5k) and North Korea ($110).

In 2022, countries that imported more from South Korea than Brunei included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Brunei (Flag) (2022)

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 2022, Brunei had a large net trade with South Korea in the exports of Mineral Products ($253M), Chemical Products ($19.5M), and Metals ($4.18M).

During 2017, South Korea had a large net trade with Brunei in the exports of Transportation ($29.9M), Machines ($10.6M), and Mineral Products ($7.6M).

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) (2022)

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