Brunei's trade balance shifted to a surplus of BND 367.6 million in January of 2022 from a small deficit of BND 52.8 million in the same month a year ago. This was the seventh straight month of trade surplus, with exports growing much faster than imports. Sales surged 128.9% yoy to BND 1,487.7 million, amid a jump in shipments of mineral fuels (97.7%), and chemicals (363.1%). The highest share of exports went to Japan, accounting for 24.7% of the total, China (21.8%), and Singapore (10.2%). Meanwhile, imports grew at a softer 59.4% yoy to BND 1,120.1 million, largely due to mineral fuels (159.0%). The highest share of imports came from Russia, representing 39.0% of the total, Norway (10.8%), and Papua New Guinea (10.7%). In 2021, the country posted a trade surplus of BND 3.34 billion, a 87.1% jump from the prior year, with exports soaring 62.8% and imports rising 57%. source: Department of Economic Planning and Development, Brunei

Balance of Trade in Brunei averaged 722.Tr48 BND Million from 2005 until 2021, reaching an all time high of 2971.45 BND Million in September of 2008 and a record low of -513.50 BND Million in June of 2021. 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 July of 2022.

Balance of Trade in Brunei is expected to be 300.00 BND Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brunei Balance of Trade is projected to trend around 300.00 BND Million in 2023, according to our econometric models.

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Brunei Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-01 04:30 AM Dec BND406.4M BND311.1M BND 380M
2022-05-20 03:30 AM Jan BND367.6M BND406.4M BND350M
2022-07-04 03:30 AM Mar BND 300M


Related Last Previous Unit Reference
Balance of Trade 367.60 406.40 BND Million Jan 2022
Current Account to GDP 1.00 6.60 percent of GDP Dec 2020
Current Account 1214.40 1254.90 BND Million Dec 2019
Exports 1487.70 1523.50 Million BND Jan 2022
Imports 1120.10 1117.10 Million BND Jan 2022
Tourist Arrivals 62325.00 333244.00 Dec 2020
Foreign Direct Investment 796.70 511.00 BND Million Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
367.60 406.40 2971.45 -513.50 2005 - 2022 BND Million Monthly

News Stream
Brunei Trade Balance Swings to Surplus
Brunei's trade balance shifted to a surplus of BND 367.6 million in January of 2022 from a small deficit of BND 52.8 million in the same month a year ago. This was the seventh straight month of trade surplus, with exports growing much faster than imports. Sales surged 128.9% yoy to BND 1,487.7 million, amid a jump in shipments of mineral fuels (97.7%), and chemicals (363.1%). The highest share of exports went to Japan, accounting for 24.7% of the total, China (21.8%), and Singapore (10.2%). Meanwhile, imports grew at a softer 59.4% yoy to BND 1,120.1 million, largely due to mineral fuels (159.0%). The highest share of imports came from Russia, representing 39.0% of the total, Norway (10.8%), and Papua New Guinea (10.7%). In 2021, the country posted a trade surplus of BND 3.34 billion, a 87.1% jump from the prior year, with exports soaring 62.8% and imports rising 57%.
2022-05-20
Brunei Trade Surplus Surges in December
Brunei's trade surplus jumped to BND 404.4 million in December 2021 from BND 84.4 million in the same month a year ago. This was the sixth straight month of trade surplus, with exports growing faster than imports. Sales surged 90.3% yoy to BND 1,523.5 million, amid a jump in mineral fuels (89.2%), and chemicals (82.8%). The highest share of exports went to Japan, accounting for 25.5% of the total, Australia (18%), and China (15.2%). Meanwhile, imports grew at a softer 56% yoy to BND 1,117.1 million, largely due to mineral fuels (217.2%). The highest share of imports came from Russia, representing 32.4% of the total, Malaysia (27%), and Australia (10.2%). Considering the whole year, the trade surplus jumped 87.1% to BND 3.34 billion from BND 1.78 billion in the same period of 2021, as exports soared 62.8% and imports went up 57%.
2022-04-01
Brunei Trade Balance Swings to Surplus
Brunei's trade balance shifted to a surplus of BND 311.1 million in November 2021 from a gap of BND 172 million in the same month a year ago. This was the fifth straight month of surplus, on the back of a jump in exports as commodity prices rose further. Sales surged 144% yoy to BND 1,331.4 million, with shipments jumping for mineral fuels (166.4%), and chemicals (83.7%). The highest share of exports went to Australia, accounting for 22.9% of the total, Japan (21.3%), and Singapore (16.6%). Meanwhile, imports grew 42.2% yoy to BND 1,020.3 million, largely due to mineral fuels (126.9%). The highest share of imports came from Malaysia, representing 34.3% of the total, Russia (26.7%), and Japan (12.6%). Considering the first eleven months of the year, the trade surplus jumped 72.4% to BND 2.93 billion from BND 1.70 billion in the same period of 2020, with exports rising 60.2% and imports growing 57.1%.
2022-03-07