Brunei Darussalam’s total trade in August 2019 decreased by 12.0 per cent to BND1,092 million compared to August 2018, according to a press release by the Department of Economic Planning and Development (JPKE).
Total exports decreased by 9.9 per cent year-on-year from BND762.2 million in August 2018, compared to BND686.7 million in August 2019. This was due to the decline in the export prices of crude oil from USD75 per barrel per day to USD63.33 per barrel per day, and liquefied natural gas (LNG) from BND11.22 MMBtu to USD8.40 MMBtu. Despite the decrease in the value of total exports, the exports volume of Crude Oil and LNG had increased by 19.4 per cent and 2.3 per cent.
Total imports decreased by 15.4 per cent year-on-year to BND405.3 million. The five main import commodities were Machinery and Transport Equipment (48.4 per cent), followed by Food (13.0 per cent), Manufactured Goods (12.7 per cent), Mineral Fuels (9.3 per cent) and Chemicals (7.2 per cent). By End Use category, imports of Intermediate Goods comprised 58.5 per cent of the total imports, followed by Capital Goods (33.5 per cent) and Consumption Goods (8.0 per cent).
The main export market for Brunei Darussalam in August 2019 was Japan (30.1 per cent), followed by Australia (22.5 per cent) and Malaysia (16.1 per cent). For imports by trading partners, the highest share was from Germany (17.8 per cent), followed by Singapore (16.5 per cent) and Malaysia (15.1 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 August 2019 is available from JPKE’s website at www.depd.gov.bn.