Brunei Balance of Trade

Last Release

Jan 31, 2025

Actual

516.9

Units In

BND Million

368.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
2,971.45 Sep 2008	-513.5 Jun 2021	703.85 BND Million	2005-2025	N/A

As an oil producer, Brunei has been able to run consistent trade surpluses despite having to import most of what it consumes. Oil and natural gas account for almost 90 percent of Brunei’s exports. Other exports include machinery and transport equipment and chemicals. Brunei mainly imports machinery and transport equipment, manufactured goods, food, fuels and lubricants, chemical products, and miscellaneous manufactured articles. Brunei’s main trading partners are Japan, Malaysia, Singapore, South Korea, India, China, Australia, the United States and Thailand.

Latest Updates

Brunei's trade surplus increased to BND 516.9 million in January 2025 from BND 463.1 million in the same month a year earlier. It marked the largest amount since March 2024, with imports falling more than exports. Purchases tumbled 16.7% yoy to a three-month low of BND 712.6 million, pressured by falls in mineral fuels (-3.2%), manufactured goods (-73.7%), and machinery and transport equipment (-17.8%). The largest shares of imports came from the United Arab Emirates, accounting for 30.1% of the total, followed by Malaysia (27.4%), China (12.1%), and Australia (9.9%). Meantime, shipments fell 6.8% to BND 1,229.5 million, mainly weighed by drops in mineral fuels (-4.7%), and chemicals (-4.2%). The highest shares of exports were to Australia (22.0%), Japan (17.2%), China (15.8%), Singapore (11.7%), Malaysia (8.6%), and Indonesia (6.0%). In 2024, Brunei's trade surplus widened to BND 5,295.8 million from BND 4,758.2 million a year earlier, as exports rose 1.9% while imports shrank 2.6%.