In July 2021, Brunei Darussalam's total trade was valued at 2,506.1 million dollars, an increase by 88.3 per cent from 1,330.7 million dollars during the same month last year. Meanwhile, for month-to-month changes, total trade for July 2021 decreased by 20.6 per cent compared to June 2021.
The Department of Economic Planning and Statistics, Ministry of Finance and Economy in its press release stated that total exports increased by 181.9 per cent year-on-year to 1,433.6 million dollars compared to last year. This was mainly due to the increase in Mineral Fuels exports and Chemicals exports.
In terms of commodity by section, Mineral Fuels were the major contributor to Brunei Darussalam's exports followed by Chemicals; Machinery and Transport Equipment. Meanwhile, the main exports market in July 2021 was Singapore at 24.9 per cent followed by The Philippines and Japan.
For imports, the total value increased to 1,072.5 million dollars in July 2021 compared to last year. This is was 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, Miscellaneous Manufactured Articles, Food and Chemicals.
For imports by trading partners, the highest share was from Malaysia, followed by Russia and Indonesia. According to the mode of transport, the highest share was transport by sea. This was followed by air transport and via land.
The IMTS full report for July 2021 is available from the DEPS's website at 'www.deps.gov.bn'.
Source: Radio Television Brunei