Total trade in December 2018 increased to 1 thousand 380 million compared to 1-thousand 140 point 7 million in December 2017. According to the Department of Economic Planning and Development, DEPD the increase recorded is 21 point 0 percent year-on-year.
The statistics issued by the DEPD showed that total export in December 2018 increased by 9 point 4 percent year-on-year to 820 point 9 million dollars from 750 point 2 million dollars in December 2017. This is due to the increase of Liquefied Natural Gas (LNG) exports, by 25 point 9 percent year-on-year following the increase of the average price from 9 point 15 US dollars per MMBtu to 11 point 16 per MMBtu.
Total imports showed an increase of 43.2 percent year-on-year to 559.1 million dollars in December 2018, from 390.5 million dollars in December 2017.
The five main import commodities were Machinery and Transport Equipment, with 35 percent, followed by Manufactured Goods, 32.3 percent, Food, 8.7 percent, Miscellaneous Manufactured Articles, 7.9 percent and Chemicals with 7.1 percent.
By End Use category, imports of Intermediate Goods comprised of 56 point 7 per cent of the total imports. This was followed by imports of Capital goods at 36.6 percent and Consumption Goods at 6.7 percent.
From imports by trading partners, the largest contributor is from the People's Republic of China with 43 percent, followed by Singapore at 12 percent and Malaysia 11.0 percent.
In 2018 overall, total trade is valued at 14 thousand 494.1 million dollars comprising exports at 8 thousand 871.8 million dollars and imports at 5 thousand 622.3 million dollars. The IMTS full report for December 2018 is available from DEPD's website at www.depd.gov.bn.
Source: Radio Television Brunei