Brunei total trade increases by 11.6pc year-on-year in September 2018

TOTAL trade in September 2018 increased to BND1,187.1 million compared to BND1,063.8 million in September 2017, representing an increase of 11.6 per cent year-on-year, according to a release from the Department of Economic Planning and Development (JPKE) at the Ministry of Finance and Economy.

Total exports increased by 1.6 per cent year-on-year to BND644.1 million (September 2018) from BND634.1 million (September 2017). This was mainly attributed to the increase in the exports of Crude Oil by 28.8 per cent year-on-year due to the increase in the average price from USD56.81/barrel (September 2017) to USD80.08/barrel (September 2018).

Total imports of goods increased by 26.4 per cent year-on-year from BND429.7 million (September 2017) to BND543.0 million (September 2018). The five main import commodities were Machinery and Transport Equipment (43.1 per cent), followed by Manufactured Goods (27.9 per cent), Mineral Fuels (8.3 per cent), Food (8.2 per cent), and Miscellaneous Manufactured Articles (5.4 per cent).

In September 2018, the largest export markets were Japan with 31.3 per cent followed by Singapore (24.5 per cent) and Thailand (14.8 per cent).

For imports by country of origin, the highest share came from the People’s Republic of China with 45.0 per cent, followed by Singapore (15.4 per cent) and United States of America (12.8 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 September 2018 is available from JPKE’s website at www.depd.gov.bn.