Brunei Darussalam's total trade in October 2019 increased by 6.3 per cent to 1,495 million compared to October 2018. The Department of Economic Planning and Statistics, Ministry of Finance and Economy shared the statistics on trade performance, main imports commodity and percent of export and import distribution. Total exports decreased by 10 per cent year-on-year to 769.6 compared to 855.4 million in October 2018.
This was due to the decline in exports of Liquefied Natural Gas LNG by 26.7 per cent following the average decline in LNG prices from 11.38 US dollars per barrel per day in October 2018 to 8.52 US dollars per barrel per day in October 2019. Meanwhile, the exports of Crude Oil posted an increase by 13.5 per cent due to increase in exports volume of Crude Oil by 47.2 per cent, from 96.16 thousand barrels per day in October 2018 to 141.58 thousands barrel per day in October 2019. Total imports increased by 31.6 per cent year-on-year to 725.4 million.
The five main import commodities were Mineral Fuels by 40.9 per cent, followed by Machinery and Transport Equipment by 26.6 per cent, Manufactured Goods by 14.8 per cent, Food by 6.7 per cent, and Chemicals by 5 per cent.
By End Use category, imports of Intermediate Goods comprised 57.7 per cent of the total imports followed by Capital Goods by 37.2 per cent and Consumption Goods by 5.1 per cent. The main export market for Brunei Darussalam in October 2019 was Japan - 41.4 per cent followed by Australia - 17.2 per cent and Thailand - 16.4 per cent.
For imports by trading partners, the highest share was from the United Arab Emirates - 14.5 per cent, followed by Kazakhstan - 12.8 per cent and Singapore - 11.4 per cent.
The International Merchandise Trade Statistics - IMTS full report for October 2019 is available from their website at depd.gov.bn.