Brunei trade surplus narrowed 50.5 percent year-on-year to BND 101.1 million in September 2018 from BND 204.4 million in the same month of the previous year. Imports surged 26.4 percent year-on-year to BND 543 million, boosted by higher purchases of machinery & transport equipment (22.4 pct); manufactured goods (48.0 pct); mineral fuels (24.2 pct); and chemicals (24.8 pct). The most important import partners were: China (45 pct of total imports), Singapore (15.4 pct), the US (12.8 pct) and Malaysia (10.9 pct). Meantime, exports edged up 1.6 percent to BND 644.1 million, mainly driven by sales of machinery and transport equipment (200 pct); and chemicals (221.3 pct). Main export partners were Japan (31.3 pct of total exports), Singapore (24.5 percent), Thailand (14.8 pct), Malaysia (10.4 pct) and India (10.1 pct). Considering January to September 2018, the trade surplus widened slightly to BND 2.45 billion from BND 2.39 billion in the corresponding period a year earlier. Balance of Trade in Brunei averaged 872.88 BND Million from 2005 until 2018, 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.
Balance of Trade in Brunei is expected to be 197.00 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 215.80 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 270.00 BND Million in 2020, according to our econometric models.