In April 2021, Brunei Darussalam’s total trade was valued at $2193.1 million, an increase by 91.8% from $1143.7 million during the same month last year. For month-to-month changes, total trade for April 2021 increased by 30.1% compared to March 2021.
Total exports increased by 56.6% year-on-year to $1138.6 million compared to $727.3 million in April 2020. This was mainly due to the increase in Mineral Fuels exports and Chemicals exports. In terms of commodity by section, Mineral Fuels represents the major contributor to Brunei Darussalam’s exports followed by Chemicals, Machinery and Transport Equipment, Manufactured Goods and Miscellaneous Manufactured Articles.
The main exports market in April 2021 was Singapore at 31.9% followed by People’s Republic of China at 24.5% and Japan, 15.9%.
For imports, the total value increased to $1054.5 million for April 2021 compared to $416.4 million in April 2020. It 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, followed by Machinery and Transport Equipment, Food, Chemicals and Manufactured Goods.
For imports by trading partners, the highest share was from Singapore with 29.4%, followed by Malaysia 25.2%, and Saudi Arabia 10 per cent. Imports from the three countries were mostly Mineral Fuels.
The International Merchandise Trade Statistics, IMTS for Brunei Darussalam adopts the General System for recording trade statistics, which covers imports, domestic exports, and re-exports. The IMTS full report for April 2021 is available from the website at www.deps.gov.bn.
Source: Radio Television Brunei