The trade surplus in Brunei narrowed 85.5 percent to BND 44.2 million in October 2019 from BND 304.0 million in the same month the prior year. It was the smallest monthly trade surplus since June, as exports slumped 10.0 percent year-on-year to BND 769.6 million whereas imports jumped 31.6 percent to BND 725.4 million. Considering January to October of the year, the trade surplus edged down to BND 2.58 billion from BND 2.75 billion in the same period of 2018, as exports grew 1.4 percent while imports rose at a faster 6.1 percent.

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 34.10 BND Million in July of 2015. 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.

Balance of Trade in Brunei is expected to be 229.70 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 210.70 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 140.65 BND Million in 2021 and 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
44.20 185.80 2971.45 34.10 2005 - 2019 BND Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 01:00 AM Jul BND251.8M BND39.0M BND380M
2019-11-13 01:00 AM Aug BND281.4M BND251.8M BND250M
2019-12-13 12:30 AM Sep BND185.8M BND281.4M BND 105M
2020-01-13 03:00 AM Oct BND44.2M BND185.8M BND210M
2020-02-18 03:00 AM Nov BND44.2M BND116.2M
2020-03-16 01:00 AM Dec BND 229.6M
2020-04-13 01:00 AM Jan
2020-05-13 01:00 AM Feb


News Stream
Brunei Trade Surplus Narrows Slightly in August
The trade surplus in Brunei narrowed 0.6 percent to BND 281.4 million in August of 2019 from BND 283.1 in the same month the prior year. Exports fell 9.9 percent year-on-year to BND 686.7 million, with sales of mineral fuels declining 10.2 percent, namely crude oil (-1.2 percent) and LNG (-17.4 percent). Japan was the largest export partner (30.1 percent of total sales), followed by Australia (22.5 percent), Malaysia (16.1 percent), Vietnam (8 percent) and Singapore (6.2 percent). Meanwhile, imports shrank at a faster 15.4 percent to BND 405.3 million, mostly led by machinery and transport equipment (-10.8 percent) and manufactured goods (-43.2 percent). Main import partners were Germany (17.8 percent of total purchases), Singapore (16.5 percent), Malaysia (15.1 percent), and the US (10.7 percent). Considering January to August, the trade surplus came in at BND 2.35 billion, unchanged from the same period of 2018, as exports grew 3.7 percent while imports advanced 6.2 percent.
2019-11-13
Brunei Trade Surplus Narrows 31.3% YoY in July
The trade surplus in Brunei narrowed 31.3 percent to BND 251.8 million in July 2019 from BND 366.7 in the same month the prior year. Exports plunged 20.2 percent year-on-year to BND 670.8 million, with sales of mineral fuels tumbling 20.9 percent, namely crude oil (-26.2 percent) and LNG (-16.5 percent). Japan was the largest export partner, followed by Malaysia, India and Singapore. Meanwhile, imports declined at a slower 11.7 percent to BND 419 million, mostly led by machinery and transport equipment (-9.6 percent) and manufactured goods (-57 percent). Main import partners were Singapore, Malaysia, and China. Considering January to July, the trade surplus came in at BND 2.07 billion, almost unchanged from the same period of 2018, as exports grew 5.7 percent and imports rose at a faster 9.7 percent.
2019-10-07
Brunei Trade Surplus Smallest in 4 Years
The trade surplus in Brunei narrowed to BND 39.0 million in June 2019 from BND 155.1 in the same month the prior year. This was the smallest trade surplus since July 2015, as imports rose 9.8 percent, mostly led by mineral fuels (919.4 percent) and chemicals (75.6 percent). Main import partners were Kazakhstan, Iraq, Singapore, Malaysia, and China. Meanwhile, exports dropped 9 percent, as sales of mineral fuels fell 15.5 percent, namely crude oil (-7.9 percent) and LNG (-22.5 percent). Japan was the largest export partner, followed by Singapore, Australia, Thailand and the Philippines. Considering January to June, the trade surplus widened to BND 1.82 billion from BND 1.70 billion in the same period of 2018, as exports grew 11 percent and imports rose at a faster 13.8 percent.
2019-09-16
Brunei Trade Surplus Smallest in 8 Months
The trade surplus in Brunei narrowed 39.5% yoy to BND 145.5 million in May 2019 from BND 240.6 million in the same month the previous year. This was the smallest trade surplus since September 2018, as imports rose while exports fell. Purchases soared 18.9% year-on-year to BND 572.6 million in May, mostly led by mineral fuels (769.8%) and chemicals (84.2%). Main imports partners were Equatorial Guinea (19.2% of total share), China (14.5%), Singapore (12.6%) and Malaysia (12.4%). Meanwhile, exports dropped 0.6% to BND 718.1 million, as sales of mineral fuels fell 4.2%, namely LNG (-13.3%). Japan was the largest trading partners for exports (27.8% share), followed by India (17.2%), South Korea (10.9%) and Singapore (9%). Considering January to May 2019, exports grew 15% to BND 4 billion, while imports rose 14.9% to BND 2.22 billion, bringing the trade surplus of BND 1.78 billion, which was higher than a surplus of BND 1.54 billion in the same period 2018.
2019-08-28

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.