Brunei’s total trade increases 92.8 per cent in January

In January 2022, Brunei Darussalam’s whole commerce was valued at BND2,607.8 million, a rise by 92.8 per cent from BND1,352.6 million throughout the identical month final 12 months.

In the meantime, for month-to-month adjustments, whole commerce for January 2022 decreased by 1.2 per cent in comparison with December 2021.

Whole exports elevated by 128.9 per cent year-on-year to BND1,487.7 million in comparison with BND649.9 million in January 2021. This was primarily as a result of enhance in mineral fuels exports to BND1,072.0 million (January 2022) from BND542.2 million (January 2021). As well as, chemical compounds exports elevated to BND377.9 million in January 2022 from BND81.6 million in January 2021.

The rise in mineral fuels exports was largely as a result of a rise within the worth of exports liquefied pure fuel (LNG) and petroleum merchandise from the downstream actions. The rise in exports of LNG was as a result of a rise within the common value to USD11.27 per MMBtu in January 2022 from USD7.04 per MMBtu in January 2021. In the meantime, the exports worth of petroleum merchandise from downstream actions elevated to BND542.5 million from BND145.5 million throughout the identical interval, of which the principle commodity was automotive
diesel fuels.

By way of commodity by part, mineral fuels represents the key contributor to Brunei Darussalam’s exports at 72.1 per cent, adopted by chemical compounds (25.4 per cent), and equipment and transport gear (1.1 per cent).

The principle exports market in January 2022 was Japan at 24.7 per cent adopted by China (21.8 per cent), Singapore (10.2 per cent) and Vietnam (10.1 per cent). The most important export commodity to Japan was mineral fuels; and chemical compounds to China.

For imports, the overall worth elevated to BND1,120.1 million (January 2022) from BND702.7 million (January 2021) primarily as a result of a big enhance in imports of mineral fuels.

The 5 most important imports by commodity have been mineral fuels with 73.5 per cent, adopted by equipment and transport gear (9.1 per cent), meals (5.7 per cent), manufactured items (3.6 per cent) and miscellaneous manufactured articles (3.5 per cent).

By finish use class, imports of intermediate items accounted for 59.1 per cent of the overall imports, adopted by capital items (36.7 per cent) and consumption items (4.2 per cent).

In response to the mode of transport, in January 2022, the best share for each exports and imports was transport by sea, which amounted to BND2,470.2 million or 94.7 per cent. This was adopted by air transport (BND107.6 million or 4.1 per cent) and by way of land (BND29.8 million or 1.1 per cent).

The Worldwide Merchandise Commerce Statistics (IMTS) for Brunei Darussalam adopts the Normal System for recording commerce statistics, which covers imports, home exports, and re-exports. The IMTS full report for January 2022 is obtainable at https://deps.mofe.gov.bn.