Brunei records over US$230mil trade deficit in July

Mineral Fuels contributed 81.5 per cent of the July export with $414.6 million.

BANDAR SERI BEGAWAN (Xinhua): Brunei recorded a B$313.7 million (US$230.5 million) trade deficit for July as a result of a major decline in export while a jump in import, showed data issued Thursday (Oct 15) by the Ministry of Finance and Economy.

The result marked an extension of the country's first trade deficit since 2014, which was reported in June. It was also compared to a surplus of B$251.8 million in July 2019, representing a 224.5 per cent year-on-year gap.