Brunei Darussalam recorded total trade valued at BND1,416.4 million, an increase by 9.8 per cent from BND1,290.2 million during the same month last year.
Meanwhile, for month-to-month changes, total trade for March 2020 decreased by 6.2 per cent compared to February 2020, a press release stated.
Exports rose by 20.8 per cent year-on-year to BND1,063.1 million compared to BND880.2 million in March 2019, which is due to the increase in chemicals and mineral fuel exports.
The exports of p-Xylene product mainly contributed to the increase in the chemicals export.
Meanwhile, the increase in the export of mineral fuel primarily contributed by petroleum and gas products of which the major commodity was ‘Other motor spirit, of other RON, unleaded’ from the downstream activities.
The main export market for Brunei Darussalam in March 2020 was Japan (25.8 per cent) followed by Singapore (23.1 per cent) and the People’s Republic of China (14.4 per cent).
In terms of commodity exports, Mineral Fuels represent the major contributor with 85.5 per cent followed by Chemicals (12.9 per cent) and Machinery and Transport Equipment (1.1 per cent).
Meanwhile, total imports increased by 13.8 per cent year-on-year to BND353.3million.
The five main import commodities were Mineral Fuels (35.6 per cent), followed by Machinery and Transport Equipment (24.5 per cent), Food (12.8per cent), Manufactured Goods (11.4 per cent) and Chemicals (7.1 per cent).
By End Use category, imports of Intermediate Goods comprised of 69 per cent of the total imports followed by Capital Goods (22.4 per cent) and Consumption Goods (8.6 per cent).
For imports by trading partners, the highest share was from Singapore (29.2 per cent), followed byPeople’s Republic of China (23.9 per cent) and Malaysia (14.1 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.