Brunei's trade surplus jumped to BND 874.4 million in March of 2022 from BND 281.2 million in the same month a year ago. This was the ninth straight month of trade surplus and the largest figure since April 2014, with exports growing faster than imports. Sales soared 59.3% yoy to BND 1,688.1 million, amid a surge in shipments of mineral fuels (65.0%), and chemicals (40.6%). The highest share of exports went to China, accounting for 17.8% of the total, Japan (16.7%), Australia (16.0%), and Singapore (14.8%). Meanwhile, imports grew at a much softer 4.5% yoy to BND 813.7 million, largely due to food (2.4%), while declined for mineral fuels (-7.2%). The highest share of imports came from Malaysia, representing 33.8% of the total, Saudi Arabia (15.7%), China (15.3%), and Australia (8.4%). Considering the first three months of the year, the country posted a trade surplus of BND 1.80 billion, a 118.1% jump from the prior year, with exports soaring 55.3% and imports rising 29.5% source: Department of Economic Planning and Development, Brunei

Balance of Trade in Brunei averaged 722.Tr48 BND Million from 2005 until 2021, reaching an all time high of 2971.45 BND Million in September of 2008 and a record low of -513.50 BND Million in June of 2021. 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 August of 2022.

Balance of Trade in Brunei is expected to be 300.00 BND Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brunei Balance of Trade is projected to trend around 300.00 BND Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Brunei Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-07 03:30 AM Feb BND642.9M BND269.8M BND500M
2022-08-04 02:30 AM Mar BND874.4M BND650.6M BND510M
2022-08-16 03:30 AM Apr BND874.4M


Related Last Previous Unit Reference
Balance of Trade 874.40 650.60 BND Million Mar 2022
Current Account to GDP 1.00 6.60 percent of GDP Dec 2020
Current Account 748.40 1214.40 BND Million Dec 2020
Exports 1688.10 1446.70 Million BND Mar 2022
Imports 813.70 796.10 Million BND Mar 2022
Foreign Direct Investment 275.10 796.70 BND Million Dec 2021
Tourist Arrivals 62325.00 333244.00 Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
874.40 650.60 2971.45 -513.50 2005 - 2022 BND Million Monthly

News Stream
Brunei Posts Largest Trade Surplus in Near 8 Years
Brunei's trade surplus jumped to BND 874.4 million in March of 2022 from BND 281.2 million in the same month a year ago. This was the ninth straight month of trade surplus and the largest figure since April 2014, with exports growing faster than imports. Sales soared 59.3% yoy to BND 1,688.1 million, amid a surge in shipments of mineral fuels (65.0%), and chemicals (40.6%). The highest share of exports went to China, accounting for 17.8% of the total, Japan (16.7%), Australia (16.0%), and Singapore (14.8%). Meanwhile, imports grew at a much softer 4.5% yoy to BND 813.7 million, largely due to food (2.4%), while declined for mineral fuels (-7.2%). The highest share of imports came from Malaysia, representing 33.8% of the total, Saudi Arabia (15.7%), China (15.3%), and Australia (8.4%). Considering the first three months of the year, the country posted a trade surplus of BND 1.80 billion, a 118.1% jump from the prior year, with exports soaring 55.3% and imports rising 29.5%
2022-08-04
Brunei Posts Largest Trade Surplus in 6 Months
Brunei's trade surplus jumped to BND 642.9 million in February 0f 2022 fro BND 370.2 million in the same month a year ago. This was the eighth straight month of trade surplus and the largest figure since August 2021, with exports growing faster than imports. Sales surged 54.8% yoy to BND 1,447.0 million, amid a jump in shipments of mineral fuels (46.6%), and chemicals (92.2%). The highest share of exports went to Japan, accounting for 20.6% of the total, Australia (20.3%), China (18.2%), and Singapore (14%). Meanwhile, imports grew at a softer 42.4% yoy to BND 804.1 million, largely due to mineral fuels (91.3%). The highest share of imports came from Kazakhstan, representing 32.3% of the total, Iraq (17.4%), Australia (10.9%), and Singapore (9.6%). In 2021, the country posted a trade surplus of BND 3.34 billion, a 87.1% jump from the prior year, with exports soaring 62.8% and imports rising 57%
2022-07-07
Brunei Trade Balance Swings to Surplus
Brunei's trade balance shifted to a surplus of BND 367.6 million in January of 2022 from a small deficit of BND 52.8 million in the same month a year ago. This was the seventh straight month of trade surplus, with exports growing much faster than imports. Sales surged 128.9% yoy to BND 1,487.7 million, amid a jump in shipments of mineral fuels (97.7%), and chemicals (363.1%). The highest share of exports went to Japan, accounting for 24.7% of the total, China (21.8%), and Singapore (10.2%). Meanwhile, imports grew at a softer 59.4% yoy to BND 1,120.1 million, largely due to mineral fuels (159.0%). The highest share of imports came from Russia, representing 39.0% of the total, Norway (10.8%), and Papua New Guinea (10.7%). In 2021, the country posted a trade surplus of BND 3.34 billion, a 87.1% jump from the prior year, with exports soaring 62.8% and imports rising 57%.
2022-05-20