Bruneian Economy and Türkiye-Brunei Darussalam Bilateral Commercial and Economic Relations

National Economy:

GDP (billion $)

12,01

Inflation Rate (%)

2,5

Real GDP Growth Rate (%)

1,1

Rate of Unemployment (%)

8,37

Population

440.000

Export (billion $)

7

Population increase (%)

1

Import (billion $)

5,05

GDP per capita ($)

28.600

Turkish firms in Brunei

1

GDP per capita PPP ($)

62.243

Source : Economist Intelligence Unit, World Bank (2020)


Major Trade Partners:
Japan, Australia, China, South Korea, Malaysia, Singapore

Major Export Items: Petroleum Gas, Crude Petroleum, Refined Petroleum, Acyclic Alcohols and Cyclic Hydrocarbons.

Major Import Items: Machinery and transport equipment; manufactured goods; food; fuels and lubricants; chemical products; miscellaneous manufactured articles and beverages.

Bilateral Commercial and Economic Relations:

Türkiye’s Export and Import with Brunei (thousand $)

Year

Export

Import

Volume

Balance

2016

8.482

7

8.489

8.475

2017

1.363

36

1.399

1.327

2018

2.573

48

2.621

2.525

2019

4.580

1

4.581

4.579

2020

2.005

15

2.020

1.990

2021*

8.421

6

8.427

8.415

* 2021 Data covers only the first 10 moths of the year.

Source : TUIK (2021)

Major Exports to Brunei from Türkiye: Stone, Plaster, Cement, Food, Beverages, Toys, Sports requisites, Machinery, Carpets and Other textile floor coverings..

Major Imports from Brunei to Türkiye: Petroleum Gas, Crude Petroleum, Refined Petroleum, wood.