In June 2021, Brunei Darussalam's total trade was valued at 3,154.9 million dollar, an increase by 178.6 per cent from 1,132.6 million dollar during the same month last year. Meanwhile, for month-to-month changes, total trade for June 2021 increased by 70.5 per cent compared to May 2021.
The Department of Economic Planning and Statistics, Ministry of Finance and Economy in a media statement explained that the total exports increased by 145.8 per cent year-on-year to 1,320.7 million dollar compared to 537.4 million dollar in June 2020. This was mainly due to the increase in Mineral Fuels exports and Chemicals exports.
In terms of commodity by section, Mineral Fuels represents the major contributor to Brunei Darussalam's exports, followed by Chemicals, and Machinery and Transport Equipment. The main exports market in June 2021 was Singapore at 27.4 per cent followed by People's Republic of China and Japan.
For imports, the total value increased to 1,834.2 million dollar from 595.2 million dollar mainly driven by an increase in 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, Manufactured Goods and Chemicals.
For imports by trading partners, the highest share was from Saudi Arabia, followed by Russia, and Malaysia. According to the mode of transport, in June 2021, the highest share was transport by sea, followed by air transport and via land. The IMTS full report for June 2021 is available from the DEPS website at 'www.deps.gov.bn'.
Source: Radio Television Brunei