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ASEAN: Regional Trends in Economic Integration, Export ... - USITC

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Sources of GDP (2008)<br />

Agriculture<br />

0.7%<br />

BRUNEI DARUSSALAM<br />

ECONOMIC PROFILE<br />

<strong>Economic</strong> Indicators<br />

2004 2008<br />

Population (million) 0.4 0.4<br />

Nom<strong>in</strong>al GDP (billion US$) 7.9 14.3<br />

Real GDP growth (%) 0.5 ─1.9<br />

Goods exports (million US$) 5,067 10,449<br />

Goods imports (million US$) 1,428 2,550<br />

Trade balance (million US$) 3,639 7,899<br />

GDP per capita (US$ at PPP) n/a n/a<br />

Inward FDI stock (million US$) 9,139 10,361<br />

Source: Economist Intelligence Unit, Country Report: Brunei<br />

Darussalam, June 2009 and March 2010; U.S. Central<br />

Intelligence Agency, The World Factbook: Brunei<br />

Darussalam, March 2010; United Nations Conference on<br />

Trade and Development, FDISTAT Interactive Database.<br />

PPP = purchas<strong>in</strong>g power parity.<br />

Brunei Darussalam’s trade agreements <strong>in</strong>clude:<br />

• <strong>ASEAN</strong>-Ch<strong>in</strong>a, preferential trade agreement<br />

cover<strong>in</strong>g goods (eff. July 2003);<br />

• <strong>ASEAN</strong>-Ch<strong>in</strong>a, economic <strong>in</strong>tegration agreement<br />

cover<strong>in</strong>g services (eff. July 2007);<br />

• <strong>ASEAN</strong>-Japan, free trade agreement cover<strong>in</strong>g<br />

goods (eff. Dec. 2008);<br />

• <strong>ASEAN</strong> Free Trade Area (AFTA), free trade<br />

agreement cover<strong>in</strong>g goods (eff. Jan. 1992);<br />

• Brunei Darussalam-Japan, free trade agreement<br />

and economic <strong>in</strong>tegration agreement cover<strong>in</strong>g<br />

goods and services (eff. July 2008); and<br />

• Trans-Pacific Strategic <strong>Economic</strong> Partnership,<br />

free trade agreement and economic <strong>in</strong>tegration<br />

agreement cover<strong>in</strong>g goods and services (eff.<br />

May 2006).<br />

Source: World Trade Organization, <strong>Regional</strong> Trade<br />

Agreements, Brunei Darussalam, http://rtais.wto.org<br />

(accessed March 17, 2010). Eff. = effective.<br />

Services<br />

25.3%<br />

Industry<br />

74.0%<br />

Pr<strong>in</strong>cipal imports: mach<strong>in</strong>ery and transport<br />

equipment, manufactured goods, food, and<br />

chemicals.<br />

Pr<strong>in</strong>cipal exports: crude oil, natural gas, and<br />

garments.<br />

Source: U.S. Central Intelligence Agency, The World<br />

Factbook: Brunei Darussalam, March 2010.<br />

Ma<strong>in</strong> trade partners, percent of total, 2008<br />

<strong>Export</strong> markets<br />

Suppliers<br />

Japan 43.2 <strong>ASEAN</strong> countries 47.0<br />

<strong>ASEAN</strong><br />

22.7 United States 13.7<br />

countries<br />

South Korea 14.8 Japan 8.5<br />

Australia 10.4 Ch<strong>in</strong>a 6.9<br />

Source: Economist Intelligence Unit, Country Report:<br />

Brunei Darussalam, March 2010.<br />

E-3

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