Brunei reported a trade deficit of BND 57.8 million in June 2020, compared to a surplus of BND 39 million in the same month a year earlier. This was the first trade gap on record, mainly due to a slump in exports as the COVID-19 crisis hit global demand. Year-on-year, overseas sales tumbled 15.3 percent to BND 537.4 million, led by mineral fuels (-24.9 percent), machinery and transport equipment (-77.2 percent), and manufactured goods (-94.8 percent). Meanwhile, imports were flat at BND 595.2 million, as domestic demand was sluggish. Purchases mainly rose for machinery and transport equipment (61.2 percent), manufactured goods (60.2 percent), and chemicals (48 percent), while plunged mostly for mineral fuels (-62.1 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 57.80 BND Million in June 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 September 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.

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Brunei Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-57.80 427.60 2971.45 -57.80 2005 - 2020 BND Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-08 06:00 AM Mar BND709.8M BND 731.7M BND 390M
2020-07-08 12:30 AM Apr BND310.9M BND709.8M BND 150M
2020-08-14 12:30 AM May BND 427.6M BND310.9M BND 120M
2020-09-12 01:30 AM Jun BND-57.8M BND 427.6M BND 180M
2020-10-13 01:00 AM Jul BND-57.8M
2020-11-16 01:00 AM Aug
2020-12-14 01:00 AM Sep BND 180M


News Stream
Brunei Posts First Trade Gap on Record
Brunei reported a trade deficit of BND 57.8 million in June 2020, compared to a surplus of BND 39 million in the same month a year earlier. This was the first trade gap on record, mainly due to a slump in exports as the COVID-19 crisis hit global demand. Year-on-year, overseas sales tumbled 15.3 percent to BND 537.4 million, led by mineral fuels (-24.9 percent), machinery and transport equipment (-77.2 percent), and manufactured goods (-94.8 percent). Meanwhile, imports were flat at BND 595.2 million, as domestic demand was sluggish. Purchases mainly rose for machinery and transport equipment (61.2 percent), manufactured goods (60.2 percent), and chemicals (48 percent), while plunged mostly for mineral fuels (-62.1 percent).
2020-09-12
Brunei Trade Surplus Almost Tripled in May
Brunei's trade surplus surged 193.9 percent to BND 427.6 million in May 2020 from BND 145.5 million in the same month a year earlier. Exports soared 20.5 percent year-on-year to BND 865.2 billion, mainly led by chemicals (1,036.2 percent). The highest share of exports went to China, followed by Japan, Singapore, and India. Meanwhile, imports tumbled 23.6 percent to BND 437.6 million, largely driven by mineral fuels (-68.4 percent), manufactured goods (-23.8 percent), miscellaneous manufactured articles (-25.2 percent), and food (-5.7 percent). The highest share of imports came from Malaysia, followed by Singapore, China, and Germany.
2020-08-14
Brunei Posts Smallest Trade Surplus in 4 Months
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 a seven-month low of 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 416.4 million, largely driven by machinery and transport equipment (-26.6 percent), manufactured goods (-40.4 percent), and food (-34.5 percent). The highest share of imports came from China, followed by the US, Singapore, and Malaysia.
2020-07-08
Brunei Trade Surplus Widens in March
Brunei's trade surplus widened 51 percent to BND 709.8 million in March 2020 from BND 470.2 million in the same month a year earlier. Exports surged 20.8 percent year-on-year to BND 1.06 billion, mainly led by mineral fuels (11.6 percent) and chemicals (3,430.8 percent). The highest share of exports went to Japan, followed by Singapore, China, and Australia. Meanwhile, imports fell by 13.8 percent to BND 353.3 million, largely driven by machinery transport equipment (-48.7 percent), manufactured goods (-51.4 percent), food (-23.4 percent). The highest share of imports came from the Singapore followed by China, Malaysia, and Indonesia.
2020-06-08

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.