Brunei's trade deficit widened to BND 513.5 million in June 2021 from BND 57.8 million in the same month a year earlier. It was the first deficit in trade balance since January, amid a jump in imports. Imports surged 208.2% to BND 1,834.2 million. Purchases mainly grew for mineral fuels (1486.9%) and food (11.6%). The highest share of imports came from Saudi Arabia, accounting for 60.7%, Russia (11.1%), and Malaysia (7.9%). Meanwhile, outbound shipments soared 145.8% year-on-year to BND 1,320.7 million, with sales mainly surging for mineral fuels (137.5%), and chemicals (177.0%). The highest share of exports went to Singapore, accounting for 27.4%, China (23.1%), and Japan (18.0%). Considering the first half of the year the trade surplus slumped by 75.5% to BND 663.8 million from BND 2,710.2 million in the same period of 2020, as exports rose by 15.4 percent while imports surged by 103.0%. source: Department of Economic Planning and Development, Brunei

Balance of Trade in Brunei averaged 734.76 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 -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 September of 2021.

Balance of Trade in Brunei is expected to be 280.00 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 2022, according to our econometric models.

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Brunei Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-513.50 404.50 2971.45 -513.50 2005 - 2021 BND Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-14 04:00 AM Mar BND639M BND102.5M
2021-07-16 05:00 AM Apr BND84.1M BND639M
2021-08-18 02:30 AM May BND404.4M BND84.1M
2021-09-09 06:15 AM Jun BND-513.5M. BND404.4M
2021-10-15 01:30 AM Jul BND-513.5M
2021-11-17 01:00 AM Aug
2021-12-14 01:00 AM Sep BND 280M


News Stream
Brunei Trade Gap Widens in June
Brunei's trade deficit widened to BND 513.5 million in June 2021 from BND 57.8 million in the same month a year earlier. It was the first deficit in trade balance since January, amid a jump in imports. Imports surged 208.2% to BND 1,834.2 million. Purchases mainly grew for mineral fuels (1486.9%) and food (11.6%). The highest share of imports came from Saudi Arabia, accounting for 60.7%, Russia (11.1%), and Malaysia (7.9%). Meanwhile, outbound shipments soared 145.8% year-on-year to BND 1,320.7 million, with sales mainly surging for mineral fuels (137.5%), and chemicals (177.0%). The highest share of exports went to Singapore, accounting for 27.4%, China (23.1%), and Japan (18.0%). Considering the first half of the year the trade surplus slumped by 75.5% to BND 663.8 million from BND 2,710.2 million in the same period of 2020, as exports rose by 15.4 percent while imports surged by 103.0%.
2021-09-09
Brunei Trade Surplus Narrows in May
Brunei's trade surplus narrowed to BND 404.5 million in May 2021 from BND 427.6 million in the same month a year earlier, amid a surge in imports. Outbound shipments increased 30.3% year-on-year to BND 1,127.7 million, with sales mainly rising for mineral fuels (34.1%), and machinery and transport equipment (4,368.8%). The highest share of exports went to China, accounting for 25.8%, Singapore (18.3%), and Japan (17.3%). Meanwhile, imports soared 65.3% to BND 723.2 million. Purchases mainly advanced for mineral fuels (426.8%), and miscellaneous manufactured articles (8.9%). The highest share of imports came from China, accounting for 24.1%, Malaysia (18.7%), and Norway (13.7%). Considering the first five months of the year the trade surplus plunged by 57.5% to BND 1,177.3 million from BND 2,768.0 million in the same period of 2020, as exports rose by 1.1 percent while imports rose at a faster 74.6%.
2021-08-18
Brunei Trade Surplus Plunges in April
Brunei's trade surplus narrowed sharply to BND 84.1 million in April 2021 from BND 310.9 million in the same month a year earlier. This was the smallest trade surplus in three months, amid a sharp jump in imports. Outbound shipments increased 56.6% year-on-year to BND 1,136.6 million, with sales mainly rising for mineral fuels (34.1%), and chemicals (190%). The highest share of exports went to Singapore, accounting for 31.9%, China (24.5%), and Japan (15.9%). Meanwhile, imports jumped 153.2% to BND 1,054.5 million. Purchases mainly grew for mineral fuels (528.8%), and miscellaneous manufactured articles (57%). The highest share of imports came from Singapore, accounting for 29.4%, Malaysia (25.2%), and Saudi Arabia (10%). Considering the first four months of the year the trade surplus slumped to BND 772.8 million from BND 2,340.4 in the same period of 2020, as exports fell by 5.1 percent while imports climbed 76.9%.
2021-07-16
Brunei Trade Surplus Narrows in March
Brunei's trade surplus narrowed to BND 639 million in March 2021 from BND 709.8 million a year earlier, as exports rose less than imports. Outbound shipments increased 9.3% year-on-year to BND 1,162.3 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly grew for mineral fuels (2.9%), chemicals (45.8%). The highest share of exports went to Singapore, accounting for 31.1%, and China (19.9%). Meanwhile, imports jumped 48.1% to BND 523.3 million. Purchases mainly increased for mineral fuels (61.3), and machinery and transport equipment (40.3%). The highest share of imports came from the Malaysia, accounting for 24.9%, Russia (19.0%), and Australia (12.5%).
2021-06-14

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.