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.