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.