Brunei's trade surplus dropped to BND 128.3 million in October 2022 from BND 360.4 million in the same month a year ago. This was the 21st straight month of trade gains but the smallest figures since April 2021, as exports fell while imports soared. Sales shrank 2.5% from a year earlier to BND 1,302.9 million, largely due to lower shipments of mineral fuels. The highest share of exports went to China, accounting for 25.7% of the total, Australia (18.4%), Japan (17.6%), Singapore (15.6%), and Indonesia (8.8%). Meanwhile, imports jumped 10.4% to BND 1,174.6 million, mainly led by mineral fuels, machinery & transport equipment, and food. The highest share of imports came from the UAE (37.4% of the total), Malaysia(23.8%), Qatar (12.3%), China (7.0%), and Australia (5.7%). Considering the first ten months of the year, the trade surplus climbed to BND 6,251.0 million from BND 3,377.5 million in the same period in 2021, with exports increasing 41.6% while imports expanded 35.7%. source: Department of Economic Planning and Development, Brunei

Balance of Trade in Brunei averaged 705.17 BND Million from 2005 until 2022, 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 2023.

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Brunei Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-04 02:30 AM Mar BND874.4M BND650.6M BND510M
2022-08-09 03:30 AM Apr BND409.4M BND874.4M


Related Last Previous Unit Reference
Balance of Trade 128.30 651.60 BND Million Oct 2022
Current Account to GDP 4.60 4.30 percent of GDP Dec 2021
Current Account 2110.00 748.40 BND Million Dec 2021
Exports 1302.90 1612.20 Million BND Oct 2022
Imports 1174.60 960.60 Million BND Oct 2022
Foreign Direct Investment 275.10 796.70 BND Million Dec 2021
Tourist Arrivals 62325.00 333244.00 Thousands Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
128.30 651.60 2971.45 -394.20 2005 - 2022 BND Million Monthly

News Stream
Brunei Logs Smallest Trade Surplus in 18 Months
Brunei's trade surplus dropped to BND 128.3 million in October 2022 from BND 360.4 million in the same month a year ago. This was the 21st straight month of trade gains but the smallest figure since April 2021, as exports fell and imports soared. Sales shrank 2.5% from a year earlier to BND 1,302.9 million, largely due to lower shipments of mineral fuels. The highest share of exports went to China, accounting for 25.7% of the total, Australia (18.4%), Japan (17.6%), Singapore (15.6%), and Indonesia (8.8%). Meanwhile, imports jumped 10.4% to BND 1,174.6 million, mainly led by mineral fuels, machinery & transport equipment, and food. The highest share of imports came from the UAE (37.4% of the total), Malaysia (23.8%), Qatar (12.3%), China (7.0%), and Australia (5.7%). Considering the first ten months of the year, the trade surplus climbed to BND 6,251.0 million from BND 3,377.5 million in the same period of 2021, with exports increasing by 41.6% and imports - by 35.7%.
2023-01-16
Brunei Logs Trade Surplus for 15th Month
Brunei's trade surplus jumped to BND 651.6 million in September 2022 from BND 362.9 million in the same month a year ago, pointing to the 15th straight month of gains, largely supported by a surge in exports. Sales expanded 22.6% from a year earlier to BND 1,612.2 million, mostly boosted by shipments of both mineral fuels and chemicals. The highest share of exports went to Australia, accounting for 22.2% of the total, Japan (19.1%), Singapore (14.1%), and China (12.6%). Meanwhile, imports edged up 0.9% to BND 960.6 million, mainly helped by mineral fuels and machinery & transport equipment. The highest share of imports came from Malaysia, representing 26.2% of the total, Saudi Arabia (15.1%), UAE (15.0%), China (11.4%), and Guinea (6.2%). Considering the first nine months of the year, the trade surplus climbed sharply to BND 5,165.5 million from BND 2,478.2 million in the same period in 2021.
2023-01-02
Brunei Trade Surplus Widens
Brunei's trade surplus increased to BND 602.7 million in August 2022 from BND 474.3 million in the same month a year ago, pointing to the 14th straight month of gains. Sales expanded 35.3% yoy to BND 1,687.0 million, lifted by a jump in shipments of both mineral fuels (38.7%) and chemicals (17.3%). The highest share of exports went to Malaysia, accounting for 23.2% of the total, Australia (22.0%), Singapore (18.8%), and Japan (13.1%). Meanwhile, imports grew 40.4% to BND 1,084.3 million, largely supported by mineral fuels (34.4%) and machinery & transport equipment (65.9%). The highest share of imports came from Malaysia, representing 41.2% of the total, UAE (13.7%), China (11.2%), and Australia (9.3%). Considering the first eight months of the year, the trade surplus climbed to BND 4,471.1 million, a jump of 68.5% from the prior year, with exports soaring 51.2% and imports rising 43.6%.
2022-11-09