Brunei posted a trade deficit of BND 172 million in November 2020, shifting from a surplus of BND 140.7 million in the same month a year earlier. This was the second straight month of a deficit in trade balance, as exports slumped more than imports. Exports plunged 51% to BND 545.7 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-60.4%), manufactured goods (-81.7%), and machinery and transport equipment (-30.6%). Meanwhile, imports tumbled 26.3% to BND 717.7 million. Purchases mainly dropped for mineral fuels (-49.2%), machinery and transport equipment (-10.8%). The highest share of imports came from Malaysia, accounting for 29.5%, followed by Singapore (9.7%), and Saudi Arabia (8.4%). From January to November of the year, the country reported a trade surplus of BND 1.70 billion, down from BND 2.72 billion in the same period 2019. 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 February 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.

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Brunei Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-172.00 -394.20 2971.45 -394.20 2005 - 2020 BND Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-19 03:00 AM Aug BND-143M BND-313.7M BND-150M
2020-12-16 01:00 AM Sep BND11.7M BND-143M BND 180M
2021-01-18 01:00 AM Oct BND-394.2M BND11.7M BND 50M
2021-02-16 03:00 AM Nov BND-172M BND-394.2M BND-40M
2021-03-12 12:30 AM Dec BND-172M BND-80M
2021-04-10 03:30 AM Jan
2021-05-01 05:30 AM Feb
2021-06-08 06:00 AM Mar


News Stream
Brunei Posts Trade Gap for 2nd Month
Brunei posted a trade deficit of BND 172 million in November 2020, shifting from a surplus of BND 140.7 million in the same month a year earlier. This was the second straight month of a deficit in trade balance, as exports slumped more than imports. Exports plunged 51% to BND 545.7 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-60.4%), manufactured goods (-81.7%), and machinery and transport equipment (-30.6%). Meanwhile, imports tumbled 26.3% to BND 717.7 million. Purchases mainly dropped for mineral fuels (-49.2%), machinery and transport equipment (-10.8%). The highest share of imports came from Malaysia, accounting for 29.5%, followed by Singapore (9.7%), and Saudi Arabia (8.4%). From January to November of the year, the country reported a trade surplus of BND 1.70 billion, down from BND 2.72 billion in the same period 2019.
2021-02-16
Brunei Posts Largest Trade Gap on Record
Brunei posted a trade deficit of BND 394.2 million in October 2020, shifting from a surplus of BND 44.1 million in the same month a year earlier. This was the largest trade gap on record, as exports fell while imports rose. Exports sank 30% to a three-month low of BND 539.9 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-37%), machinery and transport equipment (-86.4%), miscellaneous manufactured articles (-90.6%), and manufactured goods (-79.3%). Meanwhile, imports jumped 28.5% to a ten-month high of BND 932.1 million. Purchases mainly rose for mineral fuels (71%), chemicals (71.2%), food (44.4%), and miscellaneous manufactured articles (8.7%). The highest share of imports came from Saudi Arabia, accounting for 17.2%, followed by Australia (14%), and Russia (13.6%). From January to October of the year, the country reported a trade surplus pf BND 1.87 billion, down from BND 2.58 billion in the same period 2019.
2021-01-18
Brunei Trade Surplus Plunges 93.7% YoY in September
Brunei trade surplus narrowed 93.7% to BND 11.7 million in September 2020 from BND 185.8 million in the same month a year earlier, as exports fell while imports soared. Exports dropped 3.5% to BND 597.4 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-22.6%), machinery and transport equipment (-70.3%), miscellaneous manufactured articles (-22.5%), and manufactured goods (-19.4%). The highest share of exports went to Singapore, accounting for 35.3%, followed by Japan (20.8%), Malaysia (10.6%), and China (9.9%). Meanwhile, imports jumped 35.3% to BND 585.7 million. Purchases mainly rose for mineral fuels (332.7%), and chemicals (138.6%). The highest share of imports came from the UK, accounting for 27.2%, followed by Malaysia (18.6%), and China (13.6%). From January to September of the year, the trade surplus was at BND 2.27 billion, down from BND 2.53 billion in the same period 2019.
2020-12-16
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 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.