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2022
Flag → Flag
Exports $63.8MRnk 122 / 220
2022
Flag → Flag
Top Product $28.2MCars
2022
Flag → Flag
Exports $278MRnk 11 / 121
2022
Flag → Flag
Top Product $191MPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
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GDP GROWTH-12.4%CURRENT US$
Rnk 176 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$37,152CURRENT US$
Rnk 27 / 186
2012-2022
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GDP PC GROWTH-20.7%CURRENT US$
Rnk 174 / 186

About

South Korea-Brunei Trade: In 2022, South Korea exported $63.8M 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 decreased at an annualized rate of 5.12%, from $83M in 2017 to $63.8M in 2022.

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

Brunei-South Korea Trade: In 2022, Brunei exported $278M 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 decreased at an annualized rate of 17.9%,  from $746M in 2017 to $278M in 2022.

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

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

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $2.3M and imported $109M from Brunei, resulting in a negative trade balance of $106M. Between August 2023 and August 2024 the exports of South Korea have increased by $134k (6.18%) from $2.17M to $2.3M, while imports increased by $70.3M (183%) from $38.3M to $109M.

Trade In August 2024, the top exports of South Korea to Brunei were Cars, tractors, trucks & parts thereof. ($2.16M), Perfumery & cosmetics ($176k), Electrical machinery and electronics ($120k), Preparations of cereals, flour, starch or... ($115k), and Special woven fabrics and tapestries ($111k). In August 2024 the top imports of South Korea from Brunei were Fertilizers ($2.77M), Organic chemicals ($1.83M), Knitted clothing accesories ($2k), Edible vegetables, roots, & tubers ($0), and Edible fruits, nuts & fruit peels ($0).

Growth In August 2024, the increase in South Korea's year-by-year exports to Brunei was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($1.95M or 905%), Optical, photo, & film equipment; medical... ($67k or 197%), and Electrical machinery and electronics ($30k or 33.3%). In August 2024, the increase in South Korea's year-by-year imports  from Brunei was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$134k(6.18%)
IMPORT GROWTH (August 2023 - August 2024)$70.3M(183%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Brunei and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brunei and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $63.8M 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 5 years the exports of South Korea to Brunei have decreased at an annualized rate of 5.12%, from $83M in 2017 to $63.8M in 2022.

In 2017, Brunei exported $278M 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 decreased at an annualized rate of 17.9%, from $746M in 2022 to $278M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Brunei
Top DestinationAustralia$2.66B

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

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

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

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

Comparative Advantage South Korea - Brunei

Flow
Scale

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

During 2022, South Korea had a large net trade with Brunei in the exports of Transportation ($29.9M), Machines ($10.6M), and Mineral Products ($7.6M).

During 2017, Brunei had a large net trade with South Korea in the exports of Mineral Products ($253M), Chemical Products ($19.5M), and Metals ($4.18M).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Brunei (Flag) (2022)

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