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

National Economy:

GDP (billion $)

14,01

Inflation Rate (%)

4,1

Real GDP Growth Rate (%)

- 3,2

Rate of Unemployment (%)

8,37

Population (thousand)

440.000

Export (billion $)

10,4

Population increase (%)

1.0

Import (billion $)

7,2

GDP (Nominal) per capita ($)

28.600

Turkish firms in Brunei

2

GDP (PPP) per capita ($)

68.800

Source : Economist Intelligence Unit, World Bank (2021)

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 $)

2016

2017

2018

2019

2020

2021

Export

8.482

1.363

2.573

4.580

2.005

8.732

Import

1

3

44

1

1

6

Volume

8.483

1.366

2.617

4.581

2.006

8.738

Balance

8.481

1.360

2.529

4.579

2.004

8.726

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.