THE Department of Economic Planning and Development (JPKE) has released the International Merchandise Trade Statistics (IMTS) for September 2014, with total trade amounting to BND1,661.6 million, comprising BND1,185.9 million in exports and BND475.7 million in imports.
Trade balance on a month-to-month increased by 47.6 per cent to BND710.2 million. At the same time, the total trade also increased by 20.1 per cent.
Exports for September grew by 27.2 per cent due to an increase in the country’s major export of crude oil by 2.1 per cent. The increase in crude oil export is due to higher trade volume of crude oil from 94.9 kilo barrels per day in August to 103.8 kilo barrels per day in September 2014.
Meanwhile, the decrease in LNG export was due to a decline in trade volume from 801,122 MMBtu per day (August) to 631,232 MMBtu per day (September).
The highest share of 34.9 per cent of the total exports went to Japan, followed by Canada (26.2 per cent) and India (11.4 per cent).
Merchandise imports increased by 5.5 per cent from BND450.9 million in August to BND475.7 million in September. Commodities that registered decreases in imports were of Machinery and Transport Equipment (21.4 per cent), Miscellaneous Manufactured Articles (16.3 per cent) and Mineral Fuels (8.3 per cent).
The highest share of imports came from Malaysia with 28.4 per cent followed by Singapore (17.3 per cent) and China (9.4 per cent).
The International Merchandise Trade Statistics for Brunei Darussalam adopts the general system for recording trade statistics which cover imports, domestic exports and re-exports.
The full IMTS report is available from the JPKE website at www.depd.gov.bn.