Brunei records 7.1 per cent total trade increase in October

BANDAR SERI BEGAWAN, Jan 14 (Xinhua): Brunei recorded 2.4775 billion Brunei dollars (US$1.8712 billion) total trade for October 2022, a 7.1 percent year-on-year increase contributed by a rise in import value.

The latest International Merchandise Trade Statistics released on Friday by the Department of Economic Planning and Statistics at the Ministry of Finance and Economy showed that Brunei's exports in October decreased by 2.5 per cent yearly to 1,302.9 million Brunei dollars, which was mainly due to the decrease in mineral fuel exports.

Imports increased from 975.9 million Brunei dollars in October 2021 to 1,174.6 million Brunei dollars in October 2022.

The highest share of exports in October 2022 went to China (25.7 per cent), followed by Australia (18.4 per cent) and Japan (17.6 per cent).

The largest export commodity to China was chemicals, whereas to Australia and Japan was mineral fuels.

The highest share of imports was from the United Arab Emirates (37.0 percent), followed by Malaysia (23.8 percent) and Qatar (12.3 percent), with mineral fuels as the largest import commodity. (1 Brunei dollar equals about 0.76 U.S. dollars). - Xinhua