Brunei's trade surplus increased to BND 602.7 million in August 2022 from BND 474.3 million in the same month a year ago, pointing to the 14th straight month of gains. Sales expanded 35.3% yoy to BND 1,687.0 million, lifted by a jump in shipments of both mineral fuels (38.7%) and chemicals (17.3%). The highest share of exports went to Malaysia, accounting for 23.2% of the total, Australia (22.0%), Singapore (18.8%), and Japan (13.1%). Meanwhile, imports grew 40.4% to BND 1,084.3 million, largely supported by mineral fuels (34.4%) and machinery & transport equipment (65.9%). The highest share of imports came from Malaysia, representing 41.2% of the total, UAE (13.7%), China (11.2%), and Australia (9.3%). Considering the first eight months of the year, the trade surplus climbed to BND 4,471.1 million, a jump of 68.5% from the prior year, with exports soaring 51.2% and imports rising 43.6%. source: Department of Economic Planning and Development, Brunei
Balance of Trade in Brunei averaged 709.83 BND Million from 2005 until 2022, 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 December 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.