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

National Economy:

GDP (billion $)

32

Inflation Rate (%)

0,4

Real GDP Growth Rate (%)

1,4

Rate of Unemployment (%)

5,1

Population (thousand)

450.500

Export (billion $)

14,7

Population increase (%)

1.1

Import (billion $)

9,7

GDP (Nominal) per capita ($)

34.380

Turkish firms in Brunei

3

GDP (PPP) per capita ($)

75.580

Source :Brunei Darussalam Statistical Year Book, Economist Intelligence Unit, World Bank (2023)

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

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 $)

2018

2019

2020

2021

2022

2023

Export

2.571

4.581

2.006

8.701

3.146

3.777

Import

47

0.8

1

6

8

122

Volume

2.619

4.582

2.020

8.707

3.153

3.898

Balance

2.524

4.580

1.992

8.695

3.137

3.655


Source : TUİK

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.