The export volume index in the second quarter (Q2) 2024 rose by 10.3 per cent, raising exports value from BND2,711.8 million to BND3,802.9 million, said the Department of Economic Planning and Statistics (JPES) in a report yesterday.
The increase was primarily contributed by a rise in indexes of chemicals (40.5 per cent), mineral fuels (11.0 per cent), and manufactured goods (1.2 per cent).
The export unit value index recorded an increase of 29.5 per cent, mainly due to mineral fuels (30.5 per cent), manufactured goods (7.3 per cent) and machinery and transport equipment (7.1 per cent).
Meanwhile, the department said the import unit value index increased by 1.1 per cent compared to the previous year, raising imports value from BND2,323 million to BND2,662.9 million. The increase was contributed by mineral fuels (10.1 per cent), miscellaneous manufactured articles (7.7 per cent) and chemicals (6.7 per cent).
The import volume index in Q2 2024 rose by one per cent due to the increase in mineral fuels (32.1 per cent), chemicals (16.3 per cent) and manufactured goods (11.6 per cent).
International Merchandise Trade Index measures the changes of unit value and volume of import and export commodities in Brunei Darussalam within a specific period of time.
The index can be useful in the analysis of competitiveness in the global market, measurement and forecasting of inflation and compilation of national accounts.
