brunei-recorded-41.1-percent-trade-growth-in-nov-last-year

BANDAR SERI BEGAWAN, Feb 11 (NNN-ANN) – Brunei recorded 2,856.8 million Brunei dollars (2,152.0 million U.S. dollars) total trade for Nov, 2022, a 41.1-percent year-on-year increase, contributed by a rise in both export and import value.

The latest International Merchandise Trade Statistics, released yesterday by the Department of Economic Planning and Statistics, at the Ministry of Finance and Economy, showed that, Brunei’s exports in Nov last year, jumped 31.0 percent, to 1,689.6 million Brunei dollars, which was mainly due to the rise in mineral fuel exports.

Imports grew from 735.4 million Brunei dollars in Nov, 2021, to 1,167.2 million Brunei dollars in Nov, 2022, mainly due to an increase in imports of mineral fuels, particularly crude oil, as a production input for the downstream petrochemical industry.

The highest share of exports in Nov, 2022, went to Australia (27.8 percent), followed by Malaysia (16.2 percent) and China (15.4 percent). The largest export commodity to China was chemicals, whereas to Australia and Malaysia was mineral fuels.

The biggest import partner was Malaysia (22.1 percent), followed by United Arab Emirates (15.0 percent) and Qatar (12.1 percent), with mineral fuels as the largest import commodity. (1 Brunei dollar equals 0.75 U.S. dollars)

– NNN-ANN

 

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