Brunei Recorded 7.1 Percent Total Trade Increase In Oct

BANDAR SERI BEGAWAN, Jan 14 (NNN-ANN) – Brunei recorded 2,477.5 million Brunei dollars (1,871.2 million U.S. dollars) total trade for Oct, 2022, a 7.1 percent year-on-year increase, contributed by a rise in import value.

The latest International Merchandise Trade Statistics, released yesterday by the Department of Economic Planning and Statistics, at the Ministry of Finance and Economy, showed that, Brunei’s exports in Oct, decreased by 2.5 percent yearly to 1,302.9 million Brunei dollars, which was mainly due to the decrease in mineral fuel exports.

Imports increased from 975.9 million Brunei dollars in Oct, 2021, to 1,174.6 million Brunei dollars, in Oct, 2022.

The highest share of exports in Oct, 2022, went to China (25.7 percent), followed by Australia (18.4 percent) and Japan (17.6 percent). The largest export commodity to China was chemicals, whereas to Australia and Japan were mineral fuels.

The highest share of imports was from the United Arab Emirates (37.0 percent), followed by Malaysia (23.8 percent) and Qatar (12.3 percent), with mineral fuels as the largest import commodity. (1 Brunei dollar equals about 0.76 U.S. dollars).