Key Market Indicators
Brunei's metal products export sector is projected to decline significantly over the next five years. By 2028, exports are expected to drop to approximately $2.2 million from $3.9 million in 2023, representing an annual decrease of around 9%. This decline is part of a longer-term trend; since 2002, Brunei's metal products supply has consistently fallen by nearly 9% each year. On the import side, Brunei is also expected to see a reduction. Metal products imports are forecasted to decrease to about $14.9 million by 2028, down from $18.9 million in 2023. This decline translates to an average annual reduction of 3.8%. Historically, the country's demand for metal products has been on a downward trend, decreasing by 3% annually since 1997.
