The United States and Brunei engage regularly on trade and investment issues, including under our 2002 Trade and Investment Framework Agreement.
In 2018, Brunei GDP was an estimated $14.1 billion (current market exchange rates); real GDP was down by an estimated 0.2%; and the population was 434 thousand. (Source: IMF)
U.S. goods and services trade with Brunei totaled an estimated $208 million in 2017 (latest data available). Exports were $176 million; imports were $32 million. The U.S. goods and services trade surplus with Brunei was $144 million in 2017.
Brunei is currently our 135th largest goods trading partner with $365 million in total (two way) goods trade during 2018. Goods exports totaled $267 million; goods imports totaled $98 million. The U.S. goods trade surplus with Brunei was $169 million in 2018.
Trade in services with Brunei (exports and imports) totaled an estimated $64 million in 2017 (latest data available). Services exports were $55 million; services imports were $9 million. The U.S. services trade surplus with Brunei was $46 million in 2017 (latest data available).
According to the Department of Commerce, U.S. exports of goods and services to Brunei supported an estimated 1 thousand jobs in 2015 (latest data available) (7 hundred supported by goods exports and 5 hundred supported by services exports).
- Brunei was the United States' 124th largest goods export market in 2018.
- U.S. goods exports to Brunei in 2018 were $267 million, up 120.2% ($146 million) from 2017 and up 139.2% from 2008.
- The top export categories (2-digit HS) in 2018 were: aircraft ($139 million), machinery ($50 million), miscellaneous chemical products ($22 million), electrical machinery ($13 million), and special other (low value estimates) ($11 million).
- U.S. total exports of agricultural products to Brunei totaled $5 million in 2018. Leading domestic export categories include: other snack foods ($1 million), processed vegetables ($971 thousand), chocolate & cocoa products ($572 thousand), prepared food ($331 thousand), and condiments & sauces ($243 thousand).
- U.S. exports of services to Brunei were an estimated $55 million in 2017 (latest data available), 9.8% ($6 million) less than 2016, but 0.0% greater than 2007 levels. Leading services exports from the U.S. to Brunei were in the financial services, maintenance and repair services, and travel sectors.
- Brunei was the United States' 127th largest supplier of goods imports in 2018.
- U.S. goods imports from Brunei totaled $98 million in 2018, up 330.3% ($75 million) from 2017, but down 14.1% from 2008.
- The top import categories (2-digit HS) in 2018 were: mineral fuels ($76 million), special other (returns) ($9 million), iron and steel products ($9 million), knit apparel ($4 million), and electrical machinery ($357 thousand).
- U.S. total imports of agricultural products from Brunei totaled $51 thousand in 2018.
- U.S. imports of services from Brunei were an estimated $9 million in 2017 (latest data available), 0.0% ($ million) more than 2016, and 80.0% greater than 2007 levels. Leading services imports from Brunei to the U.S. were in the travel, financial services, and transportation sectors.
- The U.S. goods trade surplus with Brunei was $169 million in 2018, a 71.5% increase ($70 million) over 2017.
- The United States has a services trade surplus of an estimated $46 million with Brunei in 2017 (latest data available), down 11.5% from 2016.
- U.S. foreign direct investment (FDI) in Brunei (stock) was $19 million in 2017, a 18.8% increase from 2016. There is no information on the distribution of U.S. FDI in Brunei.
- No data on Brunei's FDI in the U.S. are available. There is no information on the distribution of Brunei FDI in the U.S.
- Sales of services in Brunei by majority U.S.-owned affiliates were $110 million in 2016 (latest data available).