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2022
Product
Exports | Imports $14B | $8.85B90 of 226 |  121 of 226
2022
Per Capita Product
Exports | Imports $31.2k | $19.7k10 of 220 |  25 of 220

About

Overview In 2022 Brunei was the number 90 economy in the world in terms of total exports and the number 121 in total imports.

Exports The top exports of Brunei are Refined Petroleum ($4.94B), Petroleum Gas ($3.99B), Crude Petroleum ($2.1B), Cyclic Hydrocarbons ($1.98B), and Nitrogenous Fertilizers ($241M), exporting mostly to Australia ($2.66B), Japan ($2.32B), China ($2.19B), Singapore ($1.97B), and Malaysia ($1.37B).

Imports The top imports of Brunei are Crude Petroleum ($5.05B), Refined Petroleum ($544M), Cars ($249M), Coal Briquettes ($165M), and Gas Turbines ($128M), importing mostly from Malaysia ($1.92B), United Arab Emirates ($979M), China ($866M), Singapore ($662M), and Qatar ($546M).

Location Brunei borders Malaysia by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Brunei.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Refined Petroleum$4.94B
Top Destination (2022)Australia$2.66B

In 2022, Brunei exported a total of $14B, making it the number 90 exporter in the world. During the last five reported years the exports of Brunei have changed by $8.49B from $5.54B in 2017 to $14B in 2022.

The most recent exports are led by Refined Petroleum ($4.94B), Petroleum Gas ($3.99B), Crude Petroleum ($2.1B), Cyclic Hydrocarbons ($1.98B), and Nitrogenous Fertilizers ($241M). The most common destination for the exports of Brunei are Australia ($2.66B), Japan ($2.32B), China ($2.19B), Singapore ($1.97B), and Malaysia ($1.37B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Australia$1.12B (+ 72.1%)
Malaysia$759M (+ 124%)
Indonesia$472M (+ 274%)
Fastest Growing Import Markets (2021 - 2022)
United Arab Emirates$813M (+ 492%)
Qatar$483M (+ 762%)
Malaysia$295M (+ 18.2%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Brunei Exports Services (2016)$528M
Brunei Imports Services (2016)$1.46B

In 2016, Brunei exported $528M worth of services. The top services exported by Brunei in 2016 were Transportation ($346M), Travel ($144M), Government services, n.i.e. ($21.7M), Other business services ($15.5M), and Insurance services ($1.4M).

The top services imported by Brunei in 2016 were Other business services ($659M), Travel ($499M), Transportation ($213M), Government services, n.i.e. ($29M), and Construction services ($26.4M).

Service Exports (2016)

Service Imports (2016)

Economic Complexity

Most Specialized Products by RCA Index

Brunei has a high level of specialization in Cyclic Hydrocarbons (66.1), Petroleum Gas (8.14), Acyclic Alcohols (7.8), Refined Petroleum (7.74), and Nitrogenous Fertilizers (6.78). Specialization is measured using RCA, an index that takes the ratio between Brunei observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Brunei according to the product complexity index (PCI) are Tools, hand; hand-operated spanners and wrenches (including torque meter wrenches but not... (1.55), Tungsten (wolfram); articles thereof, including waste and scrap (1.06), Cyclic hydrocarbons (0.69), Aircraft; parts of heading no. 8801 or 8802 (0.66), and Acyclic hydrocarbons (0.62). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Brunei according to the relatedness index, were Ammonia (0.03), Petroleum Coke (0.026), Iron Ore (0.025), Ethylene Polymers (0.025), and Cobalt (0.025). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brunei is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Brunei. These are products that tend to be co-exported with the products that Brunei exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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