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

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Brunei , Trade , Dropping


Next In Aseanplus News

Asean news headlines as at 9pm on Friday (May 24)
SQ321 passengers endured 62 seconds of turbulence, flight data shows
Europe tour for Malaysian family on SQ321 ends in Bangkok hospital; expectant mother among injured
Landslides threaten 1,128 Bicol villages as tropical depression Aghon approaches
Srettha, Anwar meet in Tokyo to discuss cooperation in various fields
HK actress Jessica Hsuan celebrates nanny’s 101st birthday
More than 100 feared dead in Papua New Guinea landslide
10 weeks’ jail for man who forged Singapore Sports Hub staff pass to attend Bruno Mars concert
Second batch of Brunei haj pilgrims depart for Madinah
Notification of Sungai Bakap seat vacancy to be sent to EC on May 25, says Penang CM

Others Also Read