The trade surplus in Brunei increased to BND 327.0 million in April 2019 from BND 190.5 million in the same month of the previous year. Exports jumped 24% from a year earlier to BND 748.5 million, mainly led by higher sales of mineral fuels (26.2%), namely crude oil (8.8%) and LNG (41.8%). Among major trading partners, shipments advanced to Japan (37.9%), Thailand (233%) and Australia (46.3%). Meantime, imports went up 2% to BND 421.5 million driven by higher purchases of machinery & transport equipment (9.6%); miscellaneous manufactured articles (35.3%); and mineral fuels (4.8%). Purchases went up mainly from Japan (381%), Malaysia (2.2%) and Singapore (5.5%). Considering January to April period, the trade surplus widened to BND 1.63 billion from BND 1.30 billion in the same period of 2018, as exports went up 19.1% year-on-year to BND 3.28 billion while imports rose at a softer 13.6% to BND 1.65 billion. Balance of Trade in Brunei averaged 857.30 BND Million from 2005 until 2018, reaching an all time high of 2971.45 BND Million in September of 2008 and a record low of 34.10 BND Million in July of 2015.

Balance of Trade in Brunei is expected to be 217.90 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 220.00 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 140.65 BND Million in 2020, according to our econometric models.

Brunei Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 12:30 AM Balance of Trade BND468.5M BND261.8M
2019-05-09 06:00 AM Balance of Trade BND364.9M BND468.5M BND320M
2019-06-12 06:30 AM Balance of Trade BND470.2M BND364.9M BND370M
2019-07-11 04:30 AM Balance of Trade BND327.0M BND470.2M BND200M
2019-08-08 01:00 AM Balance of Trade BND327.0M BND190M
2019-09-09 01:00 AM Balance of Trade BND 170M
2019-10-07 01:00 AM Balance of Trade BND380M

Brunei Trade Last Previous Highest Lowest Unit
Balance of Trade 327.00 470.20 2971.45 34.10 BND Million [+]
Current Account to GDP 15.50 16.70 76.00 12.90 percent [+]
Imports 421.50 410.00 1165.87 205.70 Million BND [+]
Exports 748.50 880.20 4137.32 491.10 Million BND [+]
Tourist Arrivals 258955.00 218809.00 258955.00 200989.00 [+]
Crude Oil Production 113.00 117.00 221.00 70.00 BBL/D/1K [+]
Foreign Direct Investment 635.30 -206.70 1080.80 -206.70 BND Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Brunei Balance of Trade

As an oil producer, Brunei has been able to run consistent trade surpluses despite having to import most of what it consumes. Oil and natural gas account for almost 90 percent of Brunei’s exports. Other exports include machinery and transport equipment and chemicals. Brunei mainly imports machinery and transport equipment, manufactured goods, food, fuels and lubricants, chemical products, and miscellaneous manufactured articles. Brunei’s main trading partners are Japan, Malaysia, Singapore, South Korea, India, China, Australia, the United States and Thailand. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
327.00 470.20 2971.45 34.10 2005 - 2019 BND Million Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19