Brunei's trade deficit widened to BND 513.5 million in June 2021 from BND 57.8 million in the same month a year earlier. It was the first deficit in trade balance since January, amid a jump in imports. Imports surged 208.2% to BND 1,834.2 million. Purchases mainly grew for mineral fuels (1486.9%) and food (11.6%). The highest share of imports came from Saudi Arabia, accounting for 60.7%, Russia (11.1%), and Malaysia (7.9%). Meanwhile, outbound shipments soared 145.8% year-on-year to BND 1,320.7 million, with sales mainly surging for mineral fuels (137.5%), and chemicals (177.0%). The highest share of exports went to Singapore, accounting for 27.4%, China (23.1%), and Japan (18.0%). Considering the first half of the year the trade surplus slumped by 75.5% to BND 663.8 million from BND 2,710.2 million in the same period of 2020, as exports rose by 15.4 percent while imports surged by 103.0%. source: Department of Economic Planning and Development, Brunei
Balance of Trade in Brunei averaged 734.76 BND Million from 2005 until 2021, 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 October of 2021.
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. In the long-term, the Brunei Balance of Trade is projected to trend around 300.00 BND Million in 2022, according to our econometric models.