BANDAR SERI BEGAWAN: Brunei’s total trade for May reached BND1,803.5 million, according to the International Merchandise Trade Statistics report released by the Department of Economic Planning and Statistics on Saturday (July 26).
The amount comprised of exports valued at BND1,027.9 million and imports amounting to BND775.6 million.
The major contributors to the export value were mineral fuels accounting for 70.9 per cent, followed by chemicals at 26.1 per cent, and manufactured goods at one per cent.
The main export markets were China accounting for 19.4 per cent, followed by Australia and Korea at 17.1 per cent and 10.9 per cent.
The largest export commodities to these countries were mineral fuels and chemicals.
Meanwhile, imports in May were valued at BND775.6 million.
The three main import commodities were mineral fuels, accounting for 68.9 per cent, followed by machinery and transport equipment at 9.7 per cent, and food at 8.0 per cent.
The largest import partners were Malaysia, accounting for 39.6 per cent, followed by China at 6.8 per cent, and Australia at 4.9 per cent.
The main import commodities from these trading partners were mineral fuels, food as well as machinery and transport equipment.
The total trade declined by seven per cent in May, compared to April, due to a 11.9 per cent decrease in exports.
The imports for end use categories were mainly used as intermediate goods processing accounting for 58.1 per cent, followed by capital goods for business operations at 38.7 per cent, and consumption goods for household use at 3.2 per cent. - Borneo Bulletin/ANN
