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.

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Brunei Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-12-16 03:00 AM Sep BND367.5M BND699.6M BND 280M
2022-01-11 02:00 AM Oct BND526.6M BND367.5M
2022-02-16 03:00 AM Nov BND526.6M


Related Last Previous Unit Reference
Balance of Trade 526.60 367.50 BND Million Oct/21
Current Account to GDP 1.00 6.60 percent of GDP Dec/20
Current Account 1214.40 1254.90 BND Million Dec/19
Exports 1397.50 1356.80 Million BND Oct/21
Imports 870.90 989.30 Million BND Oct/21
Tourist Arrivals 62325.00 333244.00 Dec/20
Foreign Direct Investment 796.70 511.00 BND Million Dec/20

News Stream
Brunei Trade Balance Swings to Surplus
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.
2022-01-11
Brunei Trade Surplus Jumps Sharply
Brunei's trade surplus soared to BND 367.5 million in September 2021 from BND 11.7 million in the same month a year ago. This was the third straight month of trade surplus, boosted by a surge in exports on the back of surging commodity prices. Overseas shipments climbed 127.1% yoy to BND 1,356.8 million, with sales mainly jumping for mineral fuels (140.2%), and chemicals (86.1%). The highest share of exports went to China, accounting for 25.7% of the total, Australia (19.8%), and Japan (18.8%). Meanwhile, imports grew 68.9% BND 989.3 million, as purchases of mineral fuels jumped 253.9%; and those of and chemicals climbed 54.5%; while both machinery and transport equipment (-29.4%) and food (-15.5%) shrank. The highest share of imports came from Malaysia, accounting for 28.6% of the total, Norway (13.2%), and Russia (10.7%). Considering the first nine months of the year, the trade surplus fell 7.6% to BND 2.1 billion from BND 2.3 billion in the same period of 2020.
2021-12-16
Brunei Trade Balance Swings to Surplus
Brunei posted a trade surplus of BND 699.6 million in August 2021, shifting from a BND 143 million gap in the same month a year ago. It was the 2nd straight month of trade surplus and the largest figure since March 2020, boosted by a surge in exports as commodity prices soared. Overseas shipments jumped 135.7% yoy to BND 1,463.5 million, with sales mainly soaring for mineral fuels (128.4%), and chemicals (184.3%). The highest share of exports went to Japan, accounting for 25%, China (19.6%), and Singapore (18.8%). Meanwhile, imports were unchanged at BND 763.9 million, as purchases of mineral fuels gained (47.3%) while those of machinery and transport equipment (-44.3%), food (-26.3%), and chemicals (-40.3%) shrank. The highest share of imports came from Malaysia, accounting for 20.4%, Saudi Arabia (17.9%), and Colombia (13.1%). Considering the first eight months of the year the trade surplus plunged by 23.5% to BND 1.7 billion from BND 2.3 billion in the same period of 2020.
2021-11-16

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.