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The production of natural gas and crude oil are the two main sources of revenue for the country. More than 90% of the production is being exported to various countries across the globe. Brunei economy has improved to a great extent with the establishment of different industrial sites within the country. The main industries of Brunei include petroleum refining, natural gas, construction and others. The export goods of Brunei include refined products, crude oil and natural gas which help in generating high revenue for the country thus boosting up the economy of Brunei.
To diversify the economy of Brunei, the government has taken initiative of promoting it as an International Offshore Financial Centre. Japan is the biggest export market for Brunei along US (7.9%) with Australia (11.7%) and Korea (13.3%). The import partners of Brunei include Malaysia, UK, Japan, China and Singapore. Over time, there has been a lot of expansion in the industrial sector of the country leading to the growth of Brunei economy.
The flexible policies of the government attract foreign investors to a great extent. There is a wide range of arrangements for various trade opportunities in Brunei. The economic development of Brunei has lead to the emergence of new industries like national food security, agro-forestry, petroleum refining and others.
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