Brunei Darussalam recorded an increase in the total trade for November last year by 29 point 6 per cent year-on-year to 1,107 point 6 million dollars compared to 854 point 6 million dollars for the same month 2016. According to the Department of Economic Planning and Development, JPKE, the total trade for November last year consisting of exports with 791 point 5 million dollars and imports with 316 point 1 million dollars. According to JPKE, the trade balance for November 2017 also increased by 72 point 6 per cent year-on year to 475 point 4 million dollars from 275 point 4 million dollars in November 2016.
Exports for the month of November 2017 increased by 40 point 1 per cent year-on-year from 565 million dollars in November 2016 to 791 point 5 million dollars in November last year. Exports of Mineral fuels recorded the highest contribution of 73 point 9 per cent of total exports, comprising of Crude Oil 261 point 9 million dollars and Liquefied Natural Gas (LNG) with 321 point 3 million dollars.
In November 2017, imports of goods increased by 9 point 2 per cent year-on-year from 289 point 6 million dollars for November 2016 to 316 point 1 million dollars for November 2017. Meanwhile, the top five contributions of imports by commodity were Machinery and Transport Equipment with 29 point 9 per cent, Manufactured Goods, 23 point 7 per cent, Food, 13 point 7 per cent, Chemicals, 12 point 1 per cent and Miscellaneous Manufactured Articles with 10 point 1 per cent. The highest exports market was to Japan with 22 point 6 per cent of total exports, followed by Switzerland, 21 point 5 per cent, Thailand, 17 point 8 per cent, and Singapore with 9 point 9 per cent.
By End Use Category, Imports of Intermediate Goods comprised of 58 point 6 per cent of the total imports. This was followed by imports of Capital Goods with 32 point 6 per cent and Consumption Goods, 8 point 8 per cent. The highest imports came from China with 24 point 6 per cent of total imports, followed by Malaysia, 22 point 3 per cent, Singapore, 16 point 6 per cent and the United States of America with 5 point 6 per cent.
The International Merchandise Trade Statistics (IMTS) for Brunei Darussalam adopts the General System for recording trade statistics, which cover imports, domestic exports, and re-exports. The IMTS full report for November 2017 is available from JPKE's website at www.depd.gov.bn.
Source: Radio Television Brunei