The trade surplus in Brunei narrowed to BND 39.0 million in June 2019 from BND 155.1 in the same month the prior year. This was the smallest trade surplus since July 2015, as imports rose 9.8 percent, mostly led by mineral fuels (919.4 percent) and chemicals (75.6 percent). Main import partners were Kazakhstan, Iraq, Singapore, Malaysia, and China. Meanwhile, exports dropped 9 percent, as sales of mineral fuels fell 15.5 percent, namely crude oil (-7.9 percent) and LNG (-22.5 percent). Japan was the largest export partner, followed by Singapore, Australia, Thailand and the Philippines. Considering January to June, the trade surplus widened to BND 1.82 billion from BND 1.70 billion in the same period of 2018, as exports grew 11 percent and imports rose at a faster 13.8 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 34.10 BND Million in July of 2015.

Balance of Trade in Brunei is expected to be 105.00 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 229.70 in 12 months time. In the long-term, the Brunei Balance of Trade is projected to trend around 140.65 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
2019-06-12 06:30 AM Balance of Trade Mar BND470.2M BND364.9M BND370M
2019-07-11 04:30 AM Balance of Trade Apr BND327.0M BND470.2M BND200M
2019-08-28 03:00 AM Balance of Trade May BND145.5M BND327.0M BND190M
2019-09-16 01:30 AM Balance of Trade Jun BND39.0M BND145.5M BND 170M
2019-10-07 01:00 AM Balance of Trade Jul BND39.0M BND380M
2019-11-11 01:00 AM Balance of Trade Aug BND250M
2019-12-09 01:00 AM Balance of Trade Sep BND 105M

Brunei Trade Last Previous Highest Lowest Unit
Balance of Trade 39.00 145.50 2971.45 34.10 BND Million [+]
Current Account to GDP 15.50 16.70 76.00 12.90 percent [+]
Imports 595.40 572.60 1165.87 205.70 Million BND [+]
Exports 634.40 718.10 4137.32 491.10 Million BND [+]
Tourist Arrivals 258955.00 218809.00 258955.00 200989.00 [+]
Crude Oil Production 104.00 89.00 221.00 70.00 BBL/D/1K [+]
Foreign Direct Investment 635.30 -206.70 1080.80 -206.70 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
39.00 145.50 2971.45 34.10 2005 - 2019 BND Million Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19