Brunei Darussalam’s trade balance for April 2024 recorded an increase of 217.5 per cent, rising from BND 133 million in April 2023 to BND 422.3 million, according to the Department of Economic Planning and Statistics (DEPS) in its International Merchandise Trade Statistics (IMTS) report for April 2024. This surge was driven by exports valued at BND 1,413.3 million and imports valued at BND 991 million.
Additionally, the total trade volume experienced a year-on-year growth of 72.6 per cent.
The major contributors to the export value were Mineral Fuels at 74.5 per cent, followed by Chemicals at 23.5 per cent, and Machinery and Transport Equipment at 1.0 per cent.
The main export markets were Australia at 22.6 per cent, followed by the People’s Republic of China at 20.3 per cent, and Singapore at 9.0 per cent. The largest export commodity to these countries was Mineral Fuels.
Meanwhile, imports in April 2024 were valued at BND 991 million. The top three import commodities were Mineral Fuels, accounting for 74.9 per cent, followed by Machinery and Transport Equipment at 6.8 per cent, and Food at 6.0 per cent.
The largest import partners were Malaysia, accounting for 29.3 per cent, followed by Australia at 17.9 per cent, and the People’s Republic of China at 8.5 per cent. The main import commodities from these partners were Mineral Fuels, Food, and Manufactured Goods.
