Brunei Darussalam’s total trade in July 2019 decreased by 17.1 per cent to BND1,089.8 million compared to July 2018, according to a press release.
Total exports decreased by 20.2 per cent year-on-year to BND670.8 million. This was mainly due to decreases in the exports of Crude Oil and Liquefied Natural Gas (LNG) by 26.2 per cent and 16.5 per cent.
The decrease in the exports of Crude Oil and LNG was attributed by a decrease in the export volume of Crude Oil and LNG by 17.3 per cent and 20.4 per cent.
Furthermore, the export price of Crude Oil and LNG also decreased by 10.5 per cent and 0.6 per cent.
Total imports decreased by 11.7 per cent to BND419.0 million. The five main import commodities were Machinery and Transport Equipment (36.7 per cent), followed by Manufactured Goods (16.8 per cent), Mineral Fuels (13.6 per cent), Food (13.0 per cent) and Chemicals (9.6 per cent). By End Use category, imports of Intermediate Goods comprised 60.3 per cent of the total imports followed by Capital Goods (31.4 per cent) and Consumption Goods (8.3 per cent).
The main export market for Brunei Darussalam in July 2019 was Japan (29.8 per cent) followed by Malaysia (22.6 per cent) and India (16.7 per cent). For imports by trading partners, the highest share was from Singapore (18.4 per cent), followed by Malaysia (16.0 per cent) and People’s Republic of China (15.0 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 July 2019 can be obtained at the Department of Economic Planning and Development’s website at www.depd.gov.bn.