Brunei reported a trade deficit of BND 143 million in August 2020, compared with a surplus of BND 281.4 million in the same month a year earlier. This was the third straight month of trade gap, as exports fell while imports soared. Exports dropped 9.6% to BND 620.8 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-20%), machinery and transport equipment (-69.3%), and manufactured goods (-85.4%). The highest share of exports went to Singapore, accounting for 33.3%, followed by Japan (17.7%), Malaysia (16.6%), and China (8%). Meanwhile, imports jumped 88.5% to BND 763.8 million, Purchases mainly rose for mineral fuels (785.7%), chemicals (136.5%), and manufactured goods (8.9%). The highest share of imports came from the UK, accounting for 18.6%, followed by Malaysia (14.1%), and Singapore (13.2%). source: Department of Economic Planning and Development, Brunei

Balance of Trade in Brunei averaged 828 BND Million from 2005 until 2019, reaching an all time high of 2971.45 BND Million in September of 2008 and a record low of 57.80 BND Million in June 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 December of 2020.

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. Looking forward, we estimate Balance of Trade in Brunei to stand at 280.00 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 300.00 BND Million in 2021, according to our econometric models.

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Brunei Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-143.00 -313.70 2971.45 -313.70 2005 - 2020 BND Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 12:30 AM May BND 427.6M BND310.9M BND 120M
2020-09-12 01:30 AM Jun BND-57.8M BND 427.6M BND 180M
2020-10-15 01:30 AM Jul BND-313.7M BND-57.8M BND 40M
2020-11-19 03:00 AM Aug BND-143M BND-313.7M BND-150M
2020-12-14 01:00 AM Sep BND-143M BND 180M
2021-01-13 03:00 AM Oct
2021-02-21 01:30 AM Nov
2021-03-12 12:30 AM Dec


News Stream
Brunei Posts Trade Gap for 3rd Month
Brunei reported a trade deficit of BND 143 million in August 2020, compared with a surplus of BND 281.4 million in the same month a year earlier. This was the third straight month of trade gap, as exports fell while imports soared. Exports dropped 9.6% to BND 620.8 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-20%), machinery and transport equipment (-69.3%), and manufactured goods (-85.4%). The highest share of exports went to Singapore, accounting for 33.3%, followed by Japan (17.7%), Malaysia (16.6%), and China (8%). Meanwhile, imports jumped 88.5% to BND 763.8 million, Purchases mainly rose for mineral fuels (785.7%), chemicals (136.5%), and manufactured goods (8.9%). The highest share of imports came from the UK, accounting for 18.6%, followed by Malaysia (14.1%), and Singapore (13.2%).
2020-11-19
Brunei Posts Largest Trade Gap on Record
Brunei reported a trade deficit of BND 313.7 million in July 2020, compared with a surplus of BND 251.8 million in the same month a year earlier. This was the largest trade gap on record, as exports slumped while imports almost doubled. Year-on-year, overseas sales tumbled 24.2 percent to a three-year low of BND 508.5 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-29.9 percent), machinery and transport equipment (-98.9 percent), and manufactured goods (-96.4 percent). Meanwhile, imports jumped 96.2 percent to a seven-month high of BND 822.2 million, Purchases mainly rose for mineral fuels (480.6 percent), machinery and transport equipment (30.6 percent), manufactured goods (48.2 percent), and chemicals (86.8 percent).
2020-10-15
Brunei Posts First Trade Gap on Record
Brunei reported a trade deficit of BND 57.8 million in June 2020, compared to a surplus of BND 39 million in the same month a year earlier. This was the first trade gap on record, mainly due to a slump in exports as the COVID-19 crisis hit global demand. Year-on-year, overseas sales tumbled 15.3 percent to BND 537.4 million, led by mineral fuels (-24.9 percent), machinery and transport equipment (-77.2 percent), and manufactured goods (-94.8 percent). Meanwhile, imports were flat at BND 595.2 million, as domestic demand was sluggish. Purchases mainly rose for machinery and transport equipment (61.2 percent), manufactured goods (60.2 percent), and chemicals (48 percent), while plunged mostly for mineral fuels (-62.1 percent).
2020-09-12
Brunei Trade Surplus Almost Tripled in May
Brunei's trade surplus surged 193.9 percent to BND 427.6 million in May 2020 from BND 145.5 million in the same month a year earlier. Exports soared 20.5 percent year-on-year to BND 865.2 billion, mainly led by chemicals (1,036.2 percent). The highest share of exports went to China, followed by Japan, Singapore, and India. Meanwhile, imports tumbled 23.6 percent to BND 437.6 million, largely driven by mineral fuels (-68.4 percent), manufactured goods (-23.8 percent), miscellaneous manufactured articles (-25.2 percent), and food (-5.7 percent). The highest share of imports came from Malaysia, followed by Singapore, China, and Germany.
2020-08-14

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.