In September 2021, Brunei Darussalam’s total trade has increased by 98.3 percent compared to the same month last year. Meanwhile, for month-to-month changes, total trade for September 2021 increased by 5.3 percent compared to August 2021.
Total exports increased by 127.1 percent year-on-year compared to September 2020. This was mainly due to the increase in exports of Mineral Fuels and Chemicals. The increase in Mineral Fuels exports was largely due to an increase in the value of exports of crude oil, exports of Liquefied Natural Gas, LNG, and exports of petroleum products from the downstream activities. In terms of commodity by section, Mineral Fuels were the major contributor to Brunei Darussalam’s exports by 77.7 percent, followed by Chemicals at 19.6 percent, AND Machinery and Transport Equipment at one per cent.
The main exports market in September 2021 was People’s Republic of China followed by Australia and Japan. The largest export commodity to People’s Republic of China was Chemicals followed by Mineral Fuels. Meanwhile, largest export to Australia and Japan was Mineral Fuel. For imports, the increased in total value was mainly driven by an increase in imports of Mineral Fuels which are largely used as input for the production of petrochemical products.
The five main imports by commodity were Mineral Fuels; Chemicals; Machinery and Transport Equipment; Food and Manufactured Goods.
By End Use Category, imports of Intermediate Goods accounted for 58.7 percent of the total imports, followed by Capital Goods at 37.2 percent and Consumption Goods by 4.2 percent. For imports by trading partners, the highest share was from Malaysia, followed by Norway and Russia, with Mineral Fuels as the largest import commodity. According to the mode of transport, in September 2021, the highest share was transport by sea, followed by air transport and via land. The IMTS full report for September 2021 is available from the DEPS’s website at www.deps.gov.bn.
Source: Radio Television Brunei