Overview In 2020 Brunei was the number 99 economy in the world in terms of total exports and the number 133 in total imports.

Exports The top exports of Brunei are Petroleum Gas ($2.38B), Refined Petroleum ($1.78B), Crude Petroleum ($1.47B), Cyclic Hydrocarbons ($959M), and Coal Tar Oil ($163M), exporting mostly to Japan ($1.6B), China ($1.23B), Singapore ($1.13B), Australia ($839M), and Malaysia ($487M).

Imports The top imports of Brunei are Crude Petroleum ($1.31B), Refined Petroleum ($343M), Cars ($248M), Valves ($149M), and Gas Turbines ($131M), importing mostly from Singapore ($843M), Malaysia ($809M), China ($542M), Kazakhstan ($346M), and United Kingdom ($221M).

In 2020, Brunei was the world's biggest importer of Non-Petroleum Gas ($25.3M)

Location Brunei borders Malaysia by land.

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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.

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

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

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

Historical Data

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Top Export (2020): Petroleum Gas, $2.38B

Top Destination (2020): Japan, $843M

In 2020, Brunei exported a total of $7.13B, making it the number 99 exporter in the world. During the last five reported years the exports of Brunei have changed by $721M from $6.41B in 2015 to $7.13B in 2020.

The most recent exports are led by Petroleum Gas ($2.38B), Refined Petroleum ($1.78B), Crude Petroleum ($1.47B), Cyclic Hydrocarbons ($959M), and Coal Tar Oil ($163M). The most common destination for the exports of Brunei are Japan ($1.6B), China ($1.23B), Singapore ($1.13B), Australia ($839M), and Malaysia ($487M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Brunei has a high level of specialization in Cyclic Hydrocarbons (73.4), Petroleum Gas (25.7), Coal Tar Oil (18.9), Acyclic Alcohols (13.5), and Refined Petroleum (9.3). 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

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The highest complexity exports of Brunei according to the product complexity index (PCI) are Other organo-inorganic compounds (1.48), Tungsten (wolfram); articles thereof, including waste and scrap (1.46), Cyclic hydrocarbons (0.6), Electric motors and generators; parts suitable for use solely or principally with the machines of heading no. 8501 or 8502 (0.57), and Acyclic hydrocarbons (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Brunei according to the relatedness index, are Ammonia (0.024), Iron Reductions (0.024), Nitrogenous Fertilizers (0.023), Ethylene Polymers (0.021), and Raw Aluminium (0.021). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Brunei is not specialized in.

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

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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.

Diversification Frontier

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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.