The total trade for July 2024 grew by 2.7 per cent to BND1,969.1 million, compared to July 2023. This was contributed by exports valued at BND1,174.9 million and imports valued at BND794.2 million, according to a press release from the Department of Economic Planning and Statistics (DEPS).
The major contributors to export value were Mineral Fuels at 78.9 per cent, followed by Chemicals at 19.1 per cent and Machinery and Transport Equipment at 1.1 per cent.
The main export markets were Japan at 28.9 per cent, followed by Australia and People’s Republic of China at 18.0 per cent and 15.7 per cent respectively. The largest export commodity to these countries were Mineral Fuels and Chemicals.
Meanwhile, imports in July 2024 were valued at BND794.2 million. The three main imports by commodity were Mineral Fuels, accounting for 62.8 per cent, followed by Machinery and Transport Equipment at 11.4 per cent, and Food at 11.3 per cent.
The largest import partners were Malaysia accounting for 36.8 per cent, followed by Indonesia at 17.4 per cent and Australia at 13.9 per cent. The main import commodities from these partners were Mineral Fuels, Food and Chemicals.
