Brunei Darussalam's total trade in April 2018 increased to 1 thousand 16.9 million dollars compared to 888.1 million dollars in April 2017. This is an increase of 14.5 per cent year-on-year.
According to International merchandise trade statistics, IMTS, released by the Department of Economic Planning and Development, DEPD, total exports increased by 6.1 per cent year-on-year. This was mainly attributed to the increase in Crude Oil exports by 21.7 per cent year-on-year as a result of a 42.4 percent increase in the average price of Crude Oil, which was moderated by the decrease in volume of Crude Oil by 9 per cent.
Total imports of goods increased by 29.4 per cent year-on-year from 319.3 million dollars in April 2017 to 413.2 million dollars in April this year. Meanwhile, the top five contribution of imports were Machinery and Transport Equipment by 38 per cent, Manufactured Goods 27.4 per cent, Food 12.2 per cent, Chemicals 7.2 per cent and Miscellaneous Manufactured Articles 6.6 per cent.
In April 2018, the biggest export markets were Japan with 33.3 per cent of total exports, followed by Taiwan 20.2 per cent and Singapore 12.2 per cent.
In terms of imports by country of origin, the highest share came from China with 31.9 per cent, followed by Malaysia 16.2 per cent, Singapore 12.2 per cent and United States of America 11.4 per cent.
Source: Radio Television Brunei