Brunei Darussalam’s total trade was valued at one thousand 850.9 million dollars, an increase by 42.1 per cent from 1,302.8 million dollars during the same month last year. Meanwhile for month-to-month changes, total trade for May 2021 decreased by 15.6 per cent compared to April 2021.
The Department of Economic Planning and Statistics, Ministry of Finance and Economy in its media release stated that total exports increased by 30.3 per cent year-on-year to one thousand 127.7 million dollars compared to last year. This was mainly due to the rising Mineral Fuels exports and Machinery and Transport Equipment exports.
In terms of commodity by section, Mineral Fuels represents the major contributor to the country’s exports, followed by Chemicals and Machinery and Transport Equipment. Main exports markets in May 2021 were People’s Republic of China, followed by Singapore and Japan.
For imports, total value climbed to 723.2 million dollars for May 2021 from last year. This was mainly driven by an increase in imports of Mineral Fuels, Crude Materials Inedible and Food. The five main imports by commodity were Mineral Fuels; Machinery and Transport Equipment; Food; Manufactured Goods; and Crude Materials Inedible.
The biggest imports trading partners were People’s Republic of China, followed by Malaysia and Norway. On the mode of transport, the highest share was transport by sea, followed by air transport and land.
The IMTS full report for May 2021 is available at ‘www.deps.gov.bn’.
Source: Radio Television Brunei