Brunei posted a trade deficit of BND 52.8 million in January 2021, shifting from a BND 588 million surplus a year earlier, as exports plunged while imports surged. Outbound shipments tumbled 45.7% year-on-year to BND 649.9 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-48.2%), and chemicals (-41.0%). The highest share of exports went to Japan, accounting for 38.0%, Japan (29.5%), and Singapore (20.8%). Meanwhile, imports jumped 15.4% to BND 702.7 million. Purchases mainly increased for mineral fuels (42.2), machinery and transport equipment (23.5%) and chemicals (23.5%). The highest share of imports came from the UAE, accounting for 33.7%, Malaysia (24.1%), and Singapore (11.0%). 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 May 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.