Total trade increased by 18.1pc last November

TOTAL trade in November 2018 increased to BND1,307.7 million compared to BND1,107.6 million in November 2017, representing an increase of 18.1 per cent year-on-year.

The country’s main export commodities namely Crude Oil and Liquefied Natural Gas (LNG) increased by 6.7 per cent and 25.4 per cent, respectively.

However, the decrease in re-exports has resulted in the decline of total exports in November 2018 by 2.6 per cent year-on-year to BND 771.1 million.

Total imports of goods increased by 69.8 per cent year-on-year to BND536.6 million (November 2018) from BND316.1 million (November 2017).

The five main import commodities were Machinery and Transport Equipment (41.7 per cent), followed by Manufactured Goods (23.8 per cent), Miscellaneous Manufactured Articles (10.3 per cent), Food (9.3 per cent) and Chemicals (6.9 per cent).

By End Use category, imports of Intermediate Goods comprised 56.7 per cent of the total imports.

This was followed by imports of Capital Goods (36.3 per cent) and Consumption Goods (seven per cent).

In November 2018, the largest export market was Japan with 33.2 per cent, followed by Thailand (14.2 per cent) and Singapore (12.1 per cent).

For imports by trading partners, the highest share came from the People’s Republic of China with 42.2 per cent, followed by Singapore (12.7 per cent) and Malaysia (11.9 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 full IMTS report for November 2018 is available from the JPKE website at www.depd.gov.bn.