Brunei posted a trade deficit of BND 52.8 million in January 2021, shifting from a BND 588 million surplus a year earlier, as exports plunged while imports surged. Outbound shipments tumbled 45.7% year-on-year to BND 649.9 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-48.2%), and chemicals (-41.0%). The highest share of exports went to Japan, accounting for 38.0%, Japan (29.5%), and Singapore (20.8%). Meanwhile, imports jumped 15.4% to BND 702.7 million. Purchases mainly increased for mineral fuels (42.2), machinery and transport equipment (23.5%) and chemicals (23.5%). The highest share of imports came from the UAE, accounting for 33.7%, Malaysia (24.1%), and Singapore (11.0%). source: Department of Economic Planning and Development, Brunei

Balance of Trade in Brunei averaged 767.32 BND Million from 2005 until 2020, 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 May of 2021.

Balance of Trade in Brunei is expected to be 210.70 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 140.65 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 140.65 BND Million in 2022 and 300.00 BND Million in 2023, according to our econometric models.

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Brunei Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-52.80 84.40 2971.45 -394.20 2005 - 2021 BND Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-18 01:00 AM Oct BND-394.2M BND11.7M BND 50M
2021-02-16 03:00 AM Nov BND-172M BND-394.2M BND-40M
2021-03-23 01:30 AM Dec BND84.4M BND-172M BND-80M
2021-04-12 04:00 AM Jan BND-52.8M BND84.4M BND90M
2021-05-10 02:00 AM Feb BND-52.8M BND40M
2021-06-08 06:00 AM Mar
2021-07-08 12:30 AM Apr
2021-08-14 12:30 AM May


News Stream
Brunei Trade Balance Swings to Deficit
Brunei posted a trade deficit of BND 52.8 million in January 2021, shifting from a BND 588 million surplus a year earlier, as exports plunged while imports surged. Outbound shipments tumbled 45.7% year-on-year to BND 649.9 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-48.2%), and chemicals (-41.0%). The highest share of exports went to Japan, accounting for 38.0%, Japan (29.5%), and Singapore (20.8%). Meanwhile, imports jumped 15.4% to BND 702.7 million. Purchases mainly increased for mineral fuels (42.2), machinery and transport equipment (23.5%) and chemicals (23.5%). The highest share of imports came from the UAE, accounting for 33.7%, Malaysia (24.1%), and Singapore (11.0%).
2021-04-12
Brunei Trade Surplus Tumbles in December
Brunei posted a trade surplus plunged to BND 84.4 million in December 2020 from BND 210.3 million as exports fell more than imports. Outbound shipments shrank 42.4% yoy to BND 800.6 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-50.5%), and machinery and transport equipment (-35.7%). The highest share of imports went to China, accounting for 31.1%, Japan (29.5%), and Singapore (10.4%). Meanwhile, imports dropped at a softer 39.3% to BND 716.2 million. Purchases mainly declined for mineral fuels (-67%), manufactured goods (-46.1%), and machinery and transport equipment (-1.6%). The highest share of imports came from Malaysia, accounting for 19.8%, Singapore (17.5%), and Australia (14.2%). For full 2020, the country reported a trade surplus of BND 1.78 billion, down from BND 2.93 billion in the same period 2019.
2021-03-23
Brunei Posts Trade Gap for 2nd Month
Brunei posted a trade deficit of BND 172 million in November 2020, shifting from a surplus of BND 140.7 million in the same month a year earlier. This was the second straight month of a deficit in trade balance, as exports slumped more than imports. Exports plunged 51% to BND 545.7 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-60.4%), manufactured goods (-81.7%), and machinery and transport equipment (-30.6%). Meanwhile, imports tumbled 26.3% to BND 717.7 million. Purchases mainly dropped for mineral fuels (-49.2%), machinery and transport equipment (-10.8%). The highest share of imports came from Malaysia, accounting for 29.5%, followed by Singapore (9.7%), and Saudi Arabia (8.4%). From January to November of the year, the country reported a trade surplus of BND 1.70 billion, down from BND 2.72 billion in the same period 2019.
2021-02-16
Brunei Posts Largest Trade Gap on Record
Brunei posted a trade deficit of BND 394.2 million in October 2020, shifting from a surplus of BND 44.1 million in the same month a year earlier. This was the largest trade gap on record, as exports fell while imports rose. Exports sank 30% to a three-month low of BND 539.9 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly plunged for mineral fuels (-37%), machinery and transport equipment (-86.4%), miscellaneous manufactured articles (-90.6%), and manufactured goods (-79.3%). Meanwhile, imports jumped 28.5% to a ten-month high of BND 932.1 million. Purchases mainly rose for mineral fuels (71%), chemicals (71.2%), food (44.4%), and miscellaneous manufactured articles (8.7%). The highest share of imports came from Saudi Arabia, accounting for 17.2%, followed by Australia (14%), and Russia (13.6%). From January to October of the year, the country reported a trade surplus pf BND 1.87 billion, down from BND 2.58 billion in the same period 2019.
2021-01-18

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.