Brunei records 37.4 per cent total trade drop in July


BANDAR SERI BEGAWAN (Xinhua): Brunei recorded US$1.91 billion (US$1.42 billion) total trade in July, a 37.4 per cent year-on-year decrease due to a drop in both export and import value.

The latest International Merchandise Trade Statistics released on Monday by the Department of Economic Planning and Statistics at the Ministry of Finance and Economy showed that Brunei's exports in July decreased by 39.3 per cent yearly to 1,177.1 million Brunei dollars, which was mainly due to the drop in exports of mineral fuels and chemicals.

Imports also decreased by 34.2 per cent to 733.3 million Brunei dollars in July.

The highest share of exports in July went to Australia (23.4 per cent), followed by Singapore (19.6 percent), and China (13.8 percent). The largest export commodities to these countries were mineral fuels and chemicals.

The biggest import partner was Malaysia, accounting for 32.7 per cent, followed by Saudi Arabia (15.8 percent) and Kazakhstan (15.5 percent), with mineral fuels as the largest import commodity. (1 Brunei dollar equals about 0.75 U.S. dollars). - Xinhua

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