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The entire commerce recorded a 7.1-per-cent enhance from BND2,312.2 million in October 2021 to BND2,477.5 million in October 2022, contributed by an increase in import worth between this era.
In comparison with September 2022, complete commerce fell by 3.7 per cent as a consequence of a fall in exports, primarily mineral fuels.
Whole exports decreased by 2.5 per cent from BND1,336.3 million in October 2021 to BND1,302.9 million in October 2022. This was primarily as a result of lower in mineral fuels exports from BND1,097.2 million to BND1,005.7 million in the identical interval.
The lower in mineral fuels exports was primarily as a result of decrease export worth of crude oil. That is attributed to a discount in export quantity by 88.6 per cent from 85.11 kbbl/day in October 2021 to 9.68 kbbl/day in October 2022.
When it comes to commodity, mineral fuels represents the most important contributor to the Sultanate’s exports at 77.2 per cent, adopted by chemical compounds (20.2 per cent), and equipment and transport tools (1.1 per cent).
The principle exports market in October 2022 was China (25.7 per cent), adopted by Australia (18.4 per cent), and Japan (17.6 per cent). The biggest export commodity to China was chemical compounds, whereas to Australia and Japan was mineral fuels.
Whole worth of imports elevated from BND975.9 million in October 2021 to BND1,174.6 million in October 2022, primarily as a consequence of a major enhance in imports of mineral fuels notably crude oil as manufacturing enter for the downstream petrochemical trade.
The 5 major imports by commodity for October 2022 have been mineral fuels (74.3 per cent), adopted by equipment and transport tools at 7.7 per cent, meals (5.9 per cent), manufactured items (4.3 per cent), and chemical compounds (3.8 per cent).
The largest import companion by share was United Arab Emirates (37.0 per cent), adopted by Malaysia (23.8 per cent) and Qatar (12.3 per cent), with mineral fuels as the biggest import commodity.
Most of Brunei’s imports at 59.8 per cent are used as intermediate items for processing, adopted by capital items (37.5 per cent) for enterprise operations and consumption items (2.7 per cent) for family use.
Transport by sea accounted for the best share for each exports and imports, which amounted to BND2,384.8 million or 96.3 per cent. This was adopted by air transport (BND60.6 million or 2.4 per cent) and by way of land (BND32.1 million or 1.3 per cent).
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