2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
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 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$32,963CURRENT US$
Rnk 42 / 196
2013-2023
Flag
GDP PC GROWTH
-25.1%CURRENT US$
Rnk 183 / 195

About

Italy-Brunei Trade: In 2023, Italy exported $30.8M to Brunei. The main products that Italy exported to Brunei were Valves ($4.58M), Gas Turbines ($3.45M), and Packaged Medicaments ($3.25M). Over the past 5 years the exports of Italy to Brunei have decreased at an annualized rate of 1.2%, from $32.7M in 2018 to $30.8M in 2023.

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

Brunei-Italy Trade: In 2023, Brunei exported $1.6M to Italy. The main products that Brunei exported to Italy were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($329k), Carboxyamide Compounds ($176k), and Knit Women's Suits ($172k). Over the past 5 years the exports of Brunei to Italy have increased at an annualized rate of 0.0064%,  from $1.6M in 2018 to $1.6M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Brunei ranked 101 in total exports ($10.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $30.8M to Brunei. The main products exported from Italy to Brunei were Valves ($4.58M), Gas Turbines ($3.45M), and Packaged Medicaments ($3.25M). During the last 5 years the exports of Italy to Brunei have decreased at an annualized rate of 1.2%, from $32.7M in 2018 to $30.8M in 2023.

In 2018, Brunei exported $1.6M to Italy. The main products exported from Brunei to Italy were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($329k), Carboxyamide Compounds ($176k), and Knit Women's Suits ($172k). During the last 5 years the exports of Brunei to Italy have increased at an annualized rate of 0.0064%, from $1.6M in 2023 to $1.6M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Brunei
Top Destination
Australia$2.25B

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

In 2023, countries that imported more from Italy than Brunei included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Brunei than Italy included Christmas Island ($5.33k).

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

Comparative Advantage Italy - Brunei

Flow
Scale

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

During 2023, Italy had a large net trade with Brunei in the exports of Machines ($15.5M), Chemical Products ($4.35M), and Metals ($2.53M).

During 2018, Brunei had a large net trade with Italy in the exports of Textiles ($809k), Chemical Products ($746k), and Miscellaneous ($14.9k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with