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 June 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.