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.

Brunei Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 05:30 AM Balance of Trade BND155.1M BND240.6M BDN 245.1M
2018-10-31 05:30 AM Balance of Trade BND366.7M BND155.1M BDN 217.5M
2018-11-19 04:10 PM Balance of Trade BND283.1M BND366.7M BDN 236.4M
2018-12-07 12:30 AM Balance of Trade BND101.1M BND283.1M BDN 315.3M
2018-12-26 10:00 AM Balance of Trade BND101.1M BDN 230.8M
2019-01-30 02:00 AM Balance of Trade
2019-04-29 04:00 AM Balance of Trade BND 197M

Brunei Trade Last Previous Highest Lowest Unit
Balance of Trade 101.10 283.10 2971.45 34.10 BND Million [+]
Exports 644.10 762.20 4137.32 491.10 Million BND [+]
Imports 543.00 479.10 1165.87 205.70 Million BND [+]
Current Account to GDP 6.10 9.60 76.00 6.10 percent [+]
Tourist Arrivals 218213.00 200989.00 242061.00 200989.00 [+]
Crude Oil Production 95.00 94.00 221.00 70.00 BBL/D/1K [+]
Foreign Direct Investment 238.20 719.50 1080.80 238.20 BND Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
101.10 283.10 2971.45 34.10 2005 - 2018 BND Million Monthly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18