Brunei posted a trade deficit of BND 172 million in November 2020, shifting from a surplus of BND 140.7 million in the same month a year earlier. This was the second straight month of a deficit in trade balance, as exports slumped more than imports. Exports plunged 51% to BND 545.7 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-60.4%), manufactured goods (-81.7%), and machinery and transport equipment (-30.6%). Meanwhile, imports tumbled 26.3% to BND 717.7 million. Purchases mainly dropped for mineral fuels (-49.2%), machinery and transport equipment (-10.8%). The highest share of imports came from Malaysia, accounting for 29.5%, followed by Singapore (9.7%), and Saudi Arabia (8.4%). From January to November of the year, the country reported a trade surplus of BND 1.70 billion, down from BND 2.72 billion in the same period 2019. source: Department of Economic Planning and Development, Brunei
Balance of Trade in Brunei averaged 767.32 BND Million from 2005 until 2020, reaching an all time high of 2971.45 BND Million in September of 2008 and a record low of -394.20 BND Million in October of 2020. This page provides the latest reported value for - Brunei Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brunei Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Balance of Trade in Brunei is expected to be 210.70 BND Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Brunei to stand at 140.65 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 140.65 BND Million in 2022 and 300.00 BND Million in 2023, according to our econometric models.