Brunei’s total trade volume from January to April increased by 51.7% year-on-year


International Business News  –  According to data from the Brunei Bureau of Economic Planning and Statistics, the total trade volume from January to April 2022 will be 10.02 billion Brunei Dollars, a year-on-year increase of 51.7%. Among them, the export value was 6.11 billion Brunei Dollars, a year-on-year increase of 59.5%, and the import value was 3.91 billion Brunei Dollars, a year-on-year increase of 40.9%.

The top three trading partners are China, Australia and Japan, accounting for 14.2%, 11.7% and 11.6% of the trade volume respectively.

The top three export markets are Japan, China and Australia, accounting for 18.9%, 17% and 15.1% of the export value respectively; among the export products, the total export value of fossil fuels is 4.71 billion Brunei Dollars, a year-on-year increase of 58.3%, accounting for 77.2% of the export value ; the total export value of chemicals was 1.2 billion Brunei Dollars, a year-on-year increase of 62.8%, accounting for 19.7% of the export value; the total export value of mechanical transportation equipment was 90 million Brunei Dollars, a year-on-year increase of 49.8%, accounting for 1.6% of the export value.

The top three import markets are Malaysia, China and Russia, accounting for 19%, 9.8% and 7.7% of imports respectively. Among the imported products, the total import value of fossil fuels was 2.61 billion Brunei Dollars, an increase of 78.6% year-on-year, accounting for 66.7% of the import value; the total import value of machinery and transportation equipment was 390 million Brunei Dollars, a year-on-year decrease of 20.5%, accounting for 10.1% of the import value; the total import value of food was 100 million Brunei Dollars, down 2.6% year-on-year, accounting for 6.6% of imports.

From January to April 2022, the total export value of oil and gas was 2.21 billion Brunei Dollars, a year-on-year increase of 23.7%, accounting for 36.1% of the export value. Among them, the export value of crude oil was 860 million Brunei Dollars, a year-on-year increase of 3.6%. The main export markets were Australia (53.8%), Singapore (15.5%) and India (10.9%); the natural gas export value was 1.35 billion Brunei Dollars, an increase of 41.2% year-on-year. Export markets were Japan (80.6%), China (6.7%) and Singapore (4.6%).

From January to April 2022, the average daily export volume of crude oil was 50,000 barrels, a year-on-year decrease of 37.8%, and the average export price was US$106.8/barrel, a year-on-year increase of 69.2%; the average daily export volume of natural gas was 71.21 billion Btu, a year-on-year decrease of 14.5%. The average export price was US$11.7/MMBtu, a year-on-year increase of 62.5%.


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