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2019
Flag → Flag
Exports $1.75kRnk 51 / 0
2019
Flag → Flag
Exports $273kRnk 75 / 122
2019
Flag → Flag
Top Product $255kCrustaceans
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$15.1BCURRENT US$
Rnk 137 / 195
2013-2023
Flag
GDP GROWTH-16.4%CURRENT US$
Rnk 187 / 195
2023
Flag
GDP PC $32,963CURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP PC GROWTH-25.1%CURRENT US$
Rnk 183 / 195

About

Brunei-Venezuela Trade: In 2019, Brunei exported $1.75k to Venezuela. The main products that Brunei exported to Venezuela were N/A. Over the past 7 years the exports of Brunei to Venezuela have decreased at an annualized rate of 25.3%, from $13.5k in 2012 to $1.75k in 2019.

In 2019, Brunei did not export any services to Venezuela.

Venezuela-Brunei Trade: In 2019, Venezuela exported $273k to Brunei. The main products that Venezuela exported to Brunei were Crustaceans ($255k), Legumes ($16.3k), and Paintings ($1.29k). Over the past 7 years the exports of Venezuela to Brunei have increased at an annualized rate of 170%,  from $1.91k in 2012 to $273k in 2019.

In 2019, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Brunei exported $1.75k to Venezuela. There were not main exports from Brunei to Venezuela in 2019. During the last 7 years the exports of Brunei to Venezuela have decreased at an annualized rate of 25.3%, from $13.5k in 2012 to $1.75k in 2019.

In 2018, Venezuela exported $273k to Brunei. The main products exported from Venezuela to Brunei were Crustaceans ($255k), Legumes ($16.3k), and Paintings ($1.29k). During the last 5 years the exports of Venezuela to Brunei have increased at an annualized rate of 170%, from $1.91k in 2023 to $273k in 2018.

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

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

Latest Data

Trade between Brunei (Flag) and Venezuela (Flag)

Brunei Exports

Market Competitiveness

Color
Brunei
Top DestinationAustralia$2.25B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Brunei than Venezuela included Australia ($2.25B), Japan ($1.86B), and Singapore ($1.72B).

In 2023, countries that imported more from Venezuela than Brunei included United States ($3.81B), Spain ($670M), and Brazil ($468M).

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

Comparative Advantage Brunei - Venezuela

Flow
Scale

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

During 2019, Brunei had a large net trade with Venezuela in the exports of .

During 2018, Venezuela had a large net trade with Brunei in the exports of Animal Products ($255k), Vegetable Products ($16.3k), and Arts and Antiques ($1.62k).

Economic Complexity

Competitive Landscape

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

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

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