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BRUNEI

Brunei ​Darussalam

  Brunei Darussalam

I.    Basic Country Profile

 

Source: World Bank. https://data.worldbank.org/country

II.   Trade and Major Trading Partners

 

The trade value of Brunei totaled 12.13 billion USD during 2020, where total exports and imports accounted for 7.03 billion USD and 5.10 billion USD respectively. The main export goods are mineral fuels, organic chemicals, machinery and mechanical appliances, and the main import goods are mineral fuels, machinery and mechanical appliances, and iron or steel.  

In 2020, the top 5 trading partners for Brunei were Japan, Singapore, Australia, Malaysia, and India for exports, while for imports they were China, Singapore, Malaysia, the United States, and Germany. (Taiwan's 29th largest trading partner) 

 

III.      The signed Free Trade Agreement (FTA)

1. ASEAN system 

 

 

 

 

​Annotation: ASEAN–Hong Kong, China Free Trade Agreement (AHKFTA) has been formally effective on June 11, 2019; however, the bilateral FTA between Hong Kong and five of the ASEAN members which are Brunei, Cambodia, Indonesia, Philippines, and Malaysia have not been simultaneously effective with AHKFTA. As for Brunei, the effective date is October 20, 2021. 

Source: ASIAN REGIONAL INTEGRATION CENTER.http://aric.adb.org/FTAbyCountryAll.php

2. Non ASEAN system ​

Source: ASIAN REGIONAL INTEGRATION CENTER. http://aric.adb.org/FTAbyCountryAll.php

IV.  Economic Relations with Taiwan

1. Investment    

 

Based on the statistical data provided by the Investment Commission, Ministry of Economic Affairs, Taiwan, from 1952 to 2020, the total accumulated number of Taiwanese investment projects to Brunei was 63, with a total amount of 0.1 billion USD invested.

 

2.  Trade 

 

In 2020, the total trade value between Taiwan and Brunei was 0.22 billion USD, ranked the 68th country in Taiwan's trade volume, accounts for 0.04% of total trade. 

For exports, the total exports from Taiwan to Brunei were only 0.01 billion USD. The top 3 exports ranked by product group included ‘iron & steel’ (HS 72), ‘beverages, spirits & vinegar’ (HS 22), and ‘machinery & mechanical appliances’ (HS 84).

As for imports, the total imports from Brunei to Taiwan were 0.16 billion USD. The top 3 imports ranked by product group included ‘mineral fuels, oils, waxes & bituminous sub’ (HS 27), ‘organic chemicals’ (HS 29), and ‘fish & crustaceans’ (HS 03).

 

3. Major agreement with Taiwan  

《台汶交換航權協定》(1991)

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