International Merchandise Trade Statistics October 2021

Brunei Darussalam's total trade was valued at $2,268.4 million in October 2021, an increase by 54.3 percent from the period last year. Meanwhile, for month-to-month changes, total trade for October 2021 decreased by 3.3 percent compared to September 2021.

Total exports grew by 159.8 percent year-on-year to $1,397.5 million compared to $537.9 million in October 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 and Machinery and Transport Equipment.

The main exports market in October 2021 was People's Republic of China, followed by Australia and Singapore. The largest export commodity to People's Republic of China was Chemicals followed by Mineral Fuels. Meanwhile, the largest export to Australia and Singapore was Mineral Fuels. For imports, the total value decreased to $870.9 million in October 2021 from $932.1 million in October 2020. This is due to a decline in imports of Machinery and Transport Equipment and Chemicals.

The five main imports by commodity this month were Mineral Fuels, followed by Machinery and Transport Equipment, Food, Manufactured Goods and Chemicals.

By End Use Category, imports of Intermediate Goods accounted for 56.7 percent of the total imports, followed by Capital Goods and Consumption Goods. For imports by trading partners, the highest share was from Australia, followed by Japan, and Russia, with Mineral Fuels as the largest import commodity. According to the mode of transport, in October 2021, the highest share for both exports and imports was transport by sea, followed by air transport and via land.

The International Merchandise Trade Statistics for Brunei Darussalam adopts the General System for recording trade statistics, which covers imports, domestic exports, and re-exports.

The IMTS full report for October 2021 is available from the DEPS's website at 'www.deps.gov.bn'.

Source: Radio Television Brunei

Related posts