Brunei Darussalam

Brunei is an important source of crude oil for India and also a major contributor to energy security

Brunei is an important partner of India under the framework of Act East Policy and in the Indo-Pacific region

India is one of the largest importers of crude oil from Brunei

Up to US$1bn worth of crude oil is imported by India annually

Brunei enjoys high standards of living through large oil and gas reserves

US$ 0.45mn
FDI inflows to India from April 2000-March 2021

US$ 437.6mn

Bilateral trade value in 2021-2022

14,000
Overseas Indians living in Brunei Darussalam

Extensive

petroleum and natural gas fields

Per capita GDP

is among the highest in the world

India-Brunei Bilateral Relations

Diplomatic relations between India and Brunei were established in May 1984, based on shared energy security, ASEAN cooperation, and an 11,000-strong Indian community in Brunei.

India- Brunei Agreement or the exchange of information and tax collection, 2020

Agreement between the Government of the Republic of India and the Government of Brunei Darussalam for the exchange of information and assistance in collection with respect of taxes

7th India-Brunei Foreign Office Consultations

The consultations provided an opportunity to review the entire gamut of bilateral relations, including political, trade and investment and defence

The ASEAN-India Partnership for Peace, Progress and Shared Prosperity (2021-2025)

The Partnership will evaluate the future of Indo-ASEAN ties in domains including education, people-to-people connectivity, maritime cooperation and skill development among others.

India's Exports and Imports to Brunei Darussalam

Source: Department of Commerce

Country / Region: BRUNEI

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	63.19	56.19	57.62	62.91	43.16
2.	%Growth		-11.07	2.54	9.18	-31.39
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.02	0.02	0.02	0.02	0.01
6.	IMPORT	434.83	591.10	586.28	329.25	394.44
7.	%Growth		35.94	-0.82	-43.84	19.80
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	0.09	0.11	0.12	0.08	0.06
11.	TOTAL TRADE	498.01	647.29	643.90	392.16	437.60
12.	%Growth		29.98	-0.52	-39.10	11.59
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	0.06	0.08	0.08	0.06	0.04
16.	TRADE BALANCE	-371.64	-534.91	-528.66	-266.35	-351.28
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65

Brunei Investment Agency

+673 238 0999

Visit Website

Ministry of Finance and Economy Commonwealth Drive Bandar Seri Begawan BB3910 Brunei Darussalam

FICCI

+91-11-23738760-70

Visit Website

Federation House, Tansen Marg, New Delhi, 110001

High Commission of India, Bandar Seri Begawan

+673 233 9947, 233 9685

Visit Website

“Baitussyifaa”, Simpang 40-22, Jalan Sungai Akar
Bandar Seri Begawan, BC 3915
Brunei Darussalam

Commercial Representative

+673 719 9479

Visit Website

Counsellor

Opportunities

Agricultural exports

Non-alcoholic beverages other than waters of 2202.10 (not incl. fruit/veg. … (220290)
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)

agriexchange.apeda.gov.in

Meat of bovine animals, frozen, boneless (020230)

agriexchange.apeda.gov.in

Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in ch.19, whethe … (190590)

agriexchange.apeda.gov.in

Semi-milled/wholly milled rice, whether or not polished/glazed (100630)
Wheat/meslin flour (110100)

agriexchange.apeda.gov.in

Milk in powder/granules/oth. solid form, sweetened, fat content by wt. >1.5 … (040229)

agriexchange.apeda.gov.in

Uncooked pasta, not stuffed/othw. prepd., not cont. eggs (190219)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)
Mixes & doughs for the preparation of bakers’ wares of 19.05 (190120)
Preparations for infant use, put up for RS (190110)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)

agriexchange.apeda.gov.in

Crustaceans, frozen, shrimps and prawns, excluding
cold- water varieties, in shell or not,
smoked, cooked or not before or or during smoking; in shell, cooked by steaming or by boiling in water (030617)
Fish; fresh or chilled, n.e.c. in
heading 0302, excluding fillets, livers, roes and other fish meat of heading
0304 (030289)
Fish; frozen, salmonidae, n.e.c. in item no. 0303.1, excluding fillets, livers, roes,and other fish meat of heading 0304 (030319)
Molluscs; cuttle fish and squid, whether in shell or not, live, fresh
or chilled (030741)
SARDINES SRDNELLA AND BRISLNG/SPRTS WHOLE OR
N PIECES BUT NOT MINCED PRPD/PRSVD
(160413)

fishexchange.mpeda.gov.in

Minerals

Production: 111.5 kkbk/day (2018)
Exports: 100.9 kkbl / day (2018)

depd.gov.bn

Average Natural Gas

Production : 233.7 kilo barrel of oil equivalent(KBOE)/Day (2018)

Average LNG

Production : 935,154 million British thermal unit (BTU)/Day (2018)
Export :900,432 million British thermal unit/Day (2018)

depd.gov.bn

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Automobile

Defence Manufacturing

Food Processing

Gems & Jewellery

IT and BPM

Oil and Natural Gas

Ports and Shipping

Top Import/ Export Items

India's top import from Brunei Darussalam

Crude oil and petroleum products
Chemicals
Metal and plastic products
Rubber

India's top export to Brunei Darussalam

Automobiles
Pharmaceutical products and equipment
Meat
Maize
Rice
Equipment and machinery

Bilateral Investors

ONGC Videsh

Polygel