Brunei Darussalam
Asia & Middle East
Trade in Brunei Darussalam
| Brunei Darussalam was the world’s 88th largest exporter of goods and 147th largest exporter of commercial services in 2022. Export values were $14.23 billion and $282 million USD respectively. Brunei Darussalam’s top export category was Fuels and mining products, followed by Manufactures, and Chemicals. In 2022, Brunei Darussalam’s main export destination markets for goods and services trade were to Japan, Singapore and China, with trade representing 146.97 per cent of GDP. In terms of imports, Brunei Darussalam is the world’s 120th largest importer of goods and 131st largest importer of commercial services. Import values were $9.18 billion and $1.13 billion USD respectively in 2022. Brunei Darussalam’s top import category was Fuels and mining products, followed by Manufactures and Machinery and transport equipment. Leading import partners were Malaysia, Singapore and China. Brunei Darussalam is part of 11 different Regional Trade Agreements, including ASEAN – Australia – New Zealand and ASEAN – China. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Brunei Darussalam |
Abbreviation |
BN |
Capital |
Bandar Seri Begawan |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system based on English common law and Islamic law; note - in April 2019, the full sharia penal codes came into force and apply to Muslims and partly to non-Muslims in parallel with present common law codes |
Language |
Malay |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Brunei dollar |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
https://login.bdnsw.gov.bn/bdnsw/publicjsf/tariff/PublicUserSearch.jsf |
Trade Information Portal |
http://bdntr.gov.bn/SitePages/home.aspx |
Last Reviewed: June, 2024
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