Brunei posted a trade surplus of 526.6 BND million in October of 2021, shifting from a deficit of BND 394.2 million in the same month a year ago and marking the fourth straight month of surplus, on the back of a jump in exports as commodity prices rose further. Sales surged 159.8% yoy to BND 1,397.5 million, with shipments jumping for mineral fuels (149.5%), and chemicals (201.8%). The highest share of exports went to China, accounting for 27.4% of the total, Australia (24.1%), and Singapore (21.0%). Meanwhile, imports fell 6.6% yoy to BND 870.9 million, due to lower purchases of machinery and transport equipment (-55.6%); food (-20.7%); chemicals (-41.0%); manufactured goods (-23.6%), miscellaneous manufactured articles (-23.8%). The highest share of imports came from Australia, accounting for 17.5% of the total, Japan (15.8%), Russia (13.4%). Considering the first ten months of the year, the trade surplus jumped 40% to BND 2.6 billion from BND 1.9 billion in the same period of 2020. 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 January 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.