Total Trade Increased

Brunei Darussalam's total trade recorded an increase by 36.1 per cent during the same month last year. Meanwhile, for month-to-month changes, total trade for March 2022 increased by 11.5 per cent compared to February 2022.

Total exports increased by 59.3 per cent year-on-year compared to March 2021. This was mainly due to the increase in Mineral Fuels and Chemicals exports. The increase in Mineral Fuels exports was mainly due to the higher export value of Liquefied Natural Gas, LNG and petroleum products from downstream activities. 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 March 2022 was People's Republic of China, Japan and Australia (16.0 per cent). The largest export commodity to the People's Republic of China was Chemicals, meanwhile, to Japan and Australia was Mineral Fuels.

For imports, the total value showed an increase mainly due to a significant increase in imports of Chemicals. The five main imports by commodity were Mineral Fuels, Machinery and Transport Equipment, Chemicals, Food and Manufactured Goods. For imports by trading partners, the highest share was from Malaysia, followed by Saudi Arabia, People's Republic of China and Australia, with Mineral Fuels as the largest import commodity. According to the mode of transport, in March 2022, the highest share for both exports and imports was transport by sea.

The IMTS full report for March 2022 can be obtained at DEPS' website 'deps.mofe.gov.bn'.

Source: Radio Television Brunei