Brunei Balance of Trade

Last Release

Jun 30, 2024

Actual

347.2

Units In

BND Million

422.3

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	711.67 BND Million	2005-2024	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 balance shifted to a surplus of BND 347.2 million in June 2024 from a deficit of BND 154.9 million, as exports rose while imports shrank. Shipments grew by 15.5% yoy to BND 1,007.5 million, mainly supported by mineral fuels (16.7%) and machinery and transport equipment (400.7%). The highest share of exports went to China, accounting for 22.0% of the total, Singapore (19.9%), Australia (11.5%), Vietnam (9.0%), Malaysia (8.8%), and Japan (8.1%). Meanwhile, imports tumbled 35.7% to a 14-month low of BND 660.3 million, burdened by mineral fuels (-41.7%), machinery and transport equipment (-30.3%), and food (-15.8%). The biggest share of purchases came from Malaysia (59.5%), China (14.4%), Australia (6.1%), Singapore (3.8%), and the US (3.0%). For the first six months of the year, Brunei logged a trade surplus of BND2,836 million, up strongly from BND 1,914.1 million in the same period of 2023, with exports rising 24.2% while imports increased at a slower 14.2%.