Brunei trade surplus widened 11.1 percent year-on-year to BND 468.5 million in January 2019 from BND 421.6 million in the same month of the previous year. Year-on-year, exports increased 27 percent to 952.6 million, mainly led by mineral fuels (24 pct), chemicals (54.4 pct), machinery and transport equipment (144.9 pct), and manufactured goods (163.6 pct). Main export partners were Japan (46.3 pct of total exports), Australia (16.1 pct), India (10.5 pct), Singapore (8.5 pct) and China (7.1 pct). Meanwhile, imports rose 47.5 percent to BND 484.1 million, boosted by machinery & transport equipment (82.2 pct); manufactured goods (5.6 pct); miscellaneous manufactured articles (56.5 pct); chemicals (196.4 pct); food (7.6 pct); mineral fuels (109.4 pct); and miscellaneous manufactured articles (20.5 pct). The most important import partners were: China (32.3 pct of total imports), Singapore (20.1 pct), Malaysia (15.6 pct), the US (6.3 pct) and Japan (5.3 pct). Balance of Trade in Brunei averaged 857.30 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 217.90 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 220.00 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.