Brunei Darussalam's total trade was valued at 2,227.4 million dollars in August 2021, an increase by 60.9 per cent compared to the same period last year.
For month-to-month changes, total trade for August 2021 decreased by 11 point 1 per cent compared to July 2021. Total exports grew by 135.7 per cent year-on-year to 1,463.5 million dollars compared to 620.8 million dollars in August 2020. This was mainly due to the rising in Mineral Fuels and Chemical exports following an increase in the value of exports of crude oil, exports of Liquefied Natural Gas, LNG and exports of petroleum products from the downstream activities
In terms of commodity by section, Mineral Fuels were the major contributor to Brunei Darussalam's exports, followed by Chemicals and Machinery and Transport Equipment. The main exports market in August 2021 was Japan, followed by People's Republic of China and Singapore. The largest export commodity to Japan and Singapore was Mineral Fuels, meanwhile, exports to People's Republic of China was Chemicals.
For imports, the total value increased to 763.9 million dollars in August 2021, mainly driven by growing imports of Mineral Fuels which are largely used as input for the production of petrochemical products. The five main imports by commodity were Mineral Fuels, followed by Machinery and Transport Equipment, Food, Chemicals and Manufactured Goods. By End Use Category, imports of Intermediate Goods accounted for 58.4 per cent of the total imports, followed by Capital Goods at 37.3 per cent and Consumption Goods at 4.3 per cent.
For imports by trading partners, the highest share was from Malaysia, followed by Saudi Arabia and Colombia with the largest import commodity was Mineral Fuels. According to the mode of transport in August 2021, the highest share was transport by sea at 96 per cent, followed by air transport at 2.8 per cent and via land at 1.2 per cent.
The IMTS full report for August 2021 is available from the DEPS's website at 'www.deps.gov.bn.
Source: Radio Television Brunei