January records BND1.8 billion total trade

Brunei Darussalam total trade valued at BND1,805.6 million, an increase by 25.7 per cent from BND1,436.7 million during the same month last year. This takes into account exports of petroleum and gas products as an outcome of downstream activities. Meanwhile, for month-to-month changes, total trade for January 2020 decreased by 29.8 per cent compared to December 2019.

Exports rose by 25.6 per cent year-on-year to BND1,196.8 million compared to BND952.6 million in January 2019. This was due to the increase in mineral fuels exports by 23.2 per cent year-on-year, contributed by the exports of petroleum and gas products of which the major commodity was Automotive Diesel Fuels with a total from the downstream activities.

The main export market in January 2020 was Japan (27.2 per cent) followed by Singapore (17.5 per cent) and People’s Republic of China (12.8 per cent).

In terms of commodity exports, Mineral Fuels represents the major contributor with 87.5 per cent followed by Chemicals (11.6 per cent) and Manufactured Goods (0.5 per cent).

Total imports increased by 25.8 per cent year-on-year to BND608.8 million. The five main import commodities were Mineral Fuels (36.7 per cent), followed by Machinery and Transport Equipment (22.0 per cent), Manufactured Goods (18.7 per cent), Food (7.8 per cent) and Chemicals (7.5 per cent. By End Use category, imports of Intermediate Goods comprised 65.2 per cent of the total imports followed by Capital Goods (27.9 per cent) and Consumption Goods (6.9 per cent).

For imports by trading partners, the highest share was from People’s Republic of China (20.4 per cent), followed by Singapore (14.7 per cent) and Malaysia (12.3 per cent).

The International Merchandise Trade Statistics (IMTS) for Brunei Darussalam adopts the General System for recording trade statistics, which covers imports, domestic exports, and re-exports. The IMTS full report for January 2020 is available from the Department of Economic Planning and Statistic website at www.deps.gov.bn.