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In October 2021, Brunei Darussalam’s whole commerce was valued at BND2,268.4 million, a rise by 54.3 per cent from BND1,470.0 million throughout the identical month final 12 months.
In the meantime, for month-to-month adjustments, whole commerce for October 2021 decreased by 3.3 per cent in comparison with September 2021.
Complete exports elevated by 159.8 per cent year-on-year to BND1,397.5 million in comparison with BND537.9 million in October 2020. This was primarily because of the enhance in mineral fuels exports to BND1,103.7 million (October 2021) from BND442.3 million (October 2020), and chemical substances exports to BND266.5 million (October 2021) from BND88.3 million (October 2020).
The rise in mineral fuels exports was largely resulting from a rise within the worth of exports of crude oil, liquefied pure gasoline (LNG) and petroleum merchandise from the downstream actions.
The rise in exports of crude oil was attributed to a major enhance in common worth to USD85.40 per barrel (October 2021) from USD39.11 per barrel (October 2020). The rise within the exports of LNG was resulting from a rise within the common worth to USD11.81 per MMBtu (October 2021) from USD5.51 per MMBtu (October 2020). The exports worth of petroleum merchandise from downstream actions elevated to BND482.9 million (October 2021) from BND127.6 million (October 2020), of which the principle commodity was automotive diesel fuels.
By way of commodity by part, mineral fuels represents the foremost contributor to Brunei Darussalam’s exports (79.0 per cent), adopted by chemical substances (19.1 per cent), and equipment and transport tools (0.8 per cent).
The principle exports market in October 2021 was China (27.4 per cent) adopted by Australia (24.1 per cent) and Singapore (21.0 per cent). The most important export commodity to China was chemical substances adopted by mineral fuels. In the meantime, the biggest export to Australia and Singapore was mineral fuels. For imports, the whole worth decreased to BND870.9 million (October 2021) from BND932.1 million (October 2020) primarily resulting from a decline in imports of equipment and transport tools and chemical substances.
The 5 important imports by commodity had been mineral fuels (69.9 per cent), adopted by equipment and transport tools (9.3 per cent), meals (6.4 per cent), manufactured items (5.6 per cent) and chemical substances (4.2 per cent). By Finish Use Class, imports of intermediate items accounted for 56.7 per cent of the whole imports, adopted by capital items (39.3 per cent) and consumption items (4.0 per cent).
For imports by buying and selling companions, the very best share was from Australia (17.5 per cent), adopted by Japan (15.8 per cent), and Russia (13.4 per cent), with mineral fuels as the biggest import commodity.
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