Norway (NOR) and Brunei (BRN) Trade | The Observatory of Economic Complexity

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Norway-Brunei Trade: In 2022, Norway exported $88.4M to Brunei. The main products that Norway exported to Brunei were Crude Petroleum ($84.4M), Non-fillet Fresh Fish ($1.05M), and Non-fillet Frozen Fish ($716k). Over the past 5 years the exports of Norway to Brunei have increased at an annualized rate of 42.3%, from $15.1M in 2017 to $88.4M in 2022.

In 2022, Norway did not export any services to Brunei.

Brunei-Norway Trade: In 2022, Brunei exported $122k to Norway. The main products that Brunei exported to Norway were Liquid Pumps ($59.3k), Valves ($24.9k), and Wrenches ($10.2k). Over the past 5 years the exports of Brunei to Norway have decreased at an annualized rate of 47.4%, from $3.02M in 2017 to $122k in 2022.

In 2022, Brunei did not export any services to Norway.

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Brunei ranked 90 in total exports ($14B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK3.32M and imported NOK1k from Brunei, resulting in a positive trade balance of NOK3.32M. Between July 2023 and July 2024 the exports of Norway have increased by NOK2.53M (322%) from NOK788k to NOK3.32M, while imports increased by NOK1k (N/A%) from NOK0 to NOK1k.

Trade In July 2024, the top exports of Norway to Brunei were Rubber manufactures, n.e.s. (NOK3.85M), Fish (not marine mammals), crustaceans, molluscs... (NOK492k), Other transport equipment (NOK228k), General industrial machinery and equipment, n.e.s.,... (NOK202k), and Manufactures of metals, n.e.s. (NOK186k). In July 2024 the top imports of Norway from Brunei were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In July 2024, the increase in Norway's year-by-year exports to Brunei was explained primarily by an increase in product exports in General industrial machinery and equipment, n.e.s.,... (NOK179k or 778%). In July 2024, the increase in Norway's year-by-year imports from Brunei was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)NOK2.53M(322%)

IMPORT GROWTH (July 2023 - July 2024)NOK1k(N/A%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Brunei and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $88.4M to Brunei. The main products exported from Norway to Brunei were Crude Petroleum ($84.4M), Non-fillet Fresh Fish ($1.05M), and Non-fillet Frozen Fish ($716k). During the last 5 years the exports of Norway to Brunei have increased at an annualized rate of 42.3%, from $15.1M in 2017 to $88.4M in 2022.

In 2017, Brunei exported $122k to Norway. The main products exported from Brunei to Norway were Liquid Pumps ($59.3k), Valves ($24.9k), and Wrenches ($10.2k). During the last 5 years the exports of Brunei to Norway have decreased at an annualized rate of 47.4%, from $3.02M in 2022 to $122k in 2017.

Exports from Norway () to Brunei () (2022)

Exports from Brunei () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Brunei
Top DestinationAustralia$2.66B

This map shows whether countries import more from Norway or Brunei. Each country is colored based on the difference in imports they receive from Norway and Brunei or the difference in the growth in imports.

In 2022, countries that imported more from Norway than Brunei included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Brunei than Norway included Australia ($2.66B), Singapore ($1.97B), and Malaysia ($1.37B).

Difference in imports from Brunei () and Norway () (2022)

Comparative Advantage Norway - Brunei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Norway and Brunei by product, considering products traded by both, Norway and Brunei.

During 2022, Norway had a large net trade with Brunei in the exports of Mineral Products ($84.4M), Animal Products ($1.77M), and Machines ($1.09M).

During 2017, Brunei had a large net trade with Norway in the exports of Machines ($103k), Metals ($10.7k), and Plastics and Rubbers ($6.07k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Norway and Brunei. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Brunei. Similarly, a dot/product with the flag of Brunei indicates it has a comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Brunei () (2022)

Exports from Brunei () to Norway () (2022)

Market Competitiveness

Difference in imports from Brunei () and Norway () (2022)

Comparative Advantage Norway - Brunei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Norway () and Brunei () (2022)

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