Brunei records 37.4-pct total trade drop in July

0 Comment(s)Print E-mail Xinhua, November 27, 2023
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BANDAR SERI BEGAWAN, Nov. 27 (Xinhua) -- Brunei recorded 1,910.4 million Brunei dollars (1428.1 million U.S. dollars) total trade in July, a 37.4 percent 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 percent 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 percent to 733.3 million Brunei dollars in July.

The highest share of exports in July went to Australia (23.4 percent), 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 percent, 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). Enditem

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