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2023
Product
Exports | Imports $10.9B | $8.43B101 of 226 |  125 of 226
2023
Per Capita Product
Exports | Imports $23.9k | $18.4k12 of 220 |  62 of 220

About

Overview In 2023 Brunei was the number 101 economy in the world in terms of total exports and the number 125 in total imports.

Exports The top exports of Brunei are Refined Petroleum ($3.39B), Petroleum Gas ($3.31B), Crude Petroleum ($1.79B), Cyclic Hydrocarbons ($1.56B), and Nitrogenous Fertilizers ($334M), exporting mostly to Australia ($2.25B), Japan ($1.86B), China ($1.84B), Singapore ($1.72B), and Malaysia ($638M).

Imports The top imports of Brunei are Crude Petroleum ($3.89B), Gold ($714M), Refined Petroleum ($699M), Coal Briquettes ($205M), and Cars ($188M), importing mostly from Malaysia ($1.96B), United Arab Emirates ($827M), China ($821M), United Kingdom ($814M), and Australia ($525M).

Location Brunei borders Malaysia by land.

Latest Trends

Latest Trade

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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 (2023)Refined Petroleum$3.39B
Top Destination (2023)Australia$2.25B

In 2023, Brunei exported a total of $10.9B, making it the number 101 exporter in the world. During the last five reported years the exports of Brunei have changed by $4.49B from $6.46B in 2018 to $10.9B in 2023.

The most recent exports are led by Refined Petroleum ($3.39B), Petroleum Gas ($3.31B), Crude Petroleum ($1.79B), Cyclic Hydrocarbons ($1.56B), and Nitrogenous Fertilizers ($334M). The most common destination for the exports of Brunei are Australia ($2.25B), Japan ($1.86B), China ($1.84B), Singapore ($1.72B), and Malaysia ($638M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Chinese Taipei$254M (+ 1.1k%)
United States$173M (+ 162%)
South Africa$54.2M (+ 91.9k%)
Fastest Growing Import Markets (2022 - 2023)
United Kingdom$700M (+ 611%)
Belgium$111M (+ 795%)
Australia$88.4M (+ 20.3%)

Total Export Growth by Market (2022 - 2023)

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 (77.5), Nitrogenous Fertilizers (17.6), Tungsten (12.6), Petroleum Gas (12.1), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (11.5). 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 Esters of other inorganic acids of non-metals (other than of hydrogen halides)... (1.43), Tungsten (wolfram); articles thereof, including waste and scrap (1.09), Acyclic hydrocarbons (0.55), Cyclic hydrocarbons (0.49), and Oils and other products of the distillation of high temperature coal tar;... (0.38). 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 (0.031), Iron Reductions (0.026), Raw Aluminium (0.025), Ethylene Polymers (0.023), and Petroleum Coke (0.023). 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 (2023)

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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