Brunei's trade surplus narrowed 4.9 percent to BND 310.9 million in April 2020 from BND 327.0 million in the same month a year earlier. This was the smallest trade surplus since December last year, as exports fell by 2.8 percent year-on-year to BND 727.3 billion, mainly led by mineral fuels (-9.3 percent) and machinery and transport equipment (-72.3 percent). The highest share of exports went to Singapore, followed by Japan, Malaysia, and China. Meanwhile, imports dropped by 1.2 percent to BND 421.5 million, largely driven by machinery and transport equipment (-26.6 percent), manufactured goods (-51.4 percent), food (-23.4 percent). The highest share of imports came from China, followed by the US, Singapore, and Malaysia.
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. Brunei Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Balance of Trade in Brunei is expected to be 180.00 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 140.65 BND Million in 2021 and 300.00 BND Million in 2022, according to our econometric models.