South-East Asia IPR SME Helpdesk

Snapshot: Business in Brunei Darussalam for EU Companies

  

(Source: DG Trade)

SIZE of Market    

  • Brunei Darussalam’s annual GDP in 2015: EUR 10.6 billion 
  • Brunei Darussalam’s GDP per capital in 2015: EUR 25,449.9, which is nearly equivalent to the EU28’s figure in 2015: EUR 28,700 (Source: Eurostat)
  • Brunei Darussalam’s annual GDP growth in 2015: -0.2%     
  • EU export in goods to Brunei Darussalam in 2015: EUR 863 million
  • EU import in goods from Brunei Darussalam in 2015: EUR 40 million
  • Total trade in goods in 2015: EUR 903 million
  • EU exports in services to Brunei Darussalam in 2014: EUR 477 million
  • EU imports in services to Brunei Darussalam in 2014: EUR 26 million
  • Total trade in services in 2014: EUR 503 million

In 2015 the EU was Brunei Darussalam’s 5th largest trading partner, accounting for 9.1% of Brunei Darussalam’s total trade, following Japan, Singapore, China and South Korea. Conversely, Brunei Darussalam was the EU’s 114th largest trading partner in 2015.

                                                                                 

           Key INDUSTRY SECTORS (2015)            
  • The EU’s key exports to Brunei Darussalam are i) Pearls, precious metals and articles thereof (51%), followed by ii) Transport equipment (18.9%) and iii) Machinery and appliances (16.5%).                     
  • The EU’s key imports from Brunei Darussalam are Machinery and appliances (33.3%), followed by (ii) Optical and photographic instruments (5.9%) and (iii) Pearls, precious metals and articles thereof (3%).