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. 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.

Balance of Trade in Brunei is expected to be 105.00 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 229.70 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 140.65 BND Million in 2020, according to our econometric models.

Brunei Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-11 04:30 AM Balance of Trade Apr BND327.0M BND470.2M BND200M
2019-08-28 03:00 AM Balance of Trade May BND145.5M BND327.0M BND190M
2019-09-16 01:30 AM Balance of Trade Jun BND39.0M BND145.5M BND 170M
2019-10-07 01:00 AM Balance of Trade Jul BND251.8M BND39.0M BND380M
2019-11-11 01:00 AM Balance of Trade Aug BND251.8M BND250M
2019-12-09 01:00 AM Balance of Trade Sep BND 105M

Brunei Trade Last Previous Highest Lowest Unit
Balance of Trade 251.80 39.00 2971.45 34.10 BND Million [+]
Current Account to GDP 15.50 16.70 76.00 12.90 percent [+]
Imports 419.00 595.40 1165.87 205.70 Million BND [+]
Exports 670.80 634.40 4137.32 491.10 Million BND [+]
Tourist Arrivals 258955.00 218809.00 258955.00 200989.00 [+]
Crude Oil Production 114.00 104.00 221.00 70.00 BBL/D/1K [+]
Foreign Direct Investment 635.30 -206.70 1080.80 -206.70 BND Million [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
251.80 39.00 2971.45 34.10 2005 - 2019 BND Million Monthly

Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19