||Asean Affairs 11 July 2013
ASEAN was top supplier of Brunei for 2011, exported $1.94b in goods
BANDAR SERI BEGAWAN
ASEAN was the biggest exporter to Brunei in 2011, followed by countries classified under "Others" and European Union (EU), data from the International Monetary Fund (IMF) show.
Brunei's imports from ASEAN countries totalled $1.94 billion in 2011, an increase from the $1.69 million recorded in 2010, according to the IMF data sourced from Brunei Darussalam Statistical Yearbook, Department of Economic Planning and Development (JPKE) of the Prime Minister's Office and CEIC Dato Co Ltd, a firm specialising in macroeconomic and sector databases.
The data was prepared by the IMF as background documentation for its periodic consultation with Brunei and is based on information available as of April 2, 2013.
Malaysia was the sultanate's largest supplier for the period, with total imports at $818 million, up from $783 million in 2010.
Brunei's imports from Singapore significantly dropped to $371 million from $650 million the prior year.
Imports from Thailand decreased slightly to $177 million in 2011 from $179 million in 2010. Meanwhile imports from Indonesia improved to $74 million in 2010 compared to the previous year's total of $69 million.
The IMF data also show that Brunei imported more from the Philippines, with goods coming from the country amounting $11 million in 2011, a $3 million increase from the 2010 figure of $8 million.
Over the past five years, import value between Brunei and its ASEAN counterparts has steadily increased to $1.94 billion from $796 million in 2006.
As of September 2012, Brunei's imports from ASEAN countries stood at $1.72 billion, the data added.
Brunei's imports from other countries not within the ASEAN or the EU rose over the past five years to $1.39 billion in 2011 from $701 million in 2006. Countries in the category are Australia, China, Hong Kong, Japan, Korea, Taiwan and the United States.
Brunei's imports from the United States were the biggest in this country category with $446 million recorded for the year 2011, an increase from the $336 million posted in 2010.
China followed next as the largest importer to Brunei with a figure of $276 million for the year 2011 which was also an increase from the $235 million posted in 2010.
The sultanate's imports from EU also rose from $172 million in 2006 to $353 million to 2011, said the report.
Those from Germany rose to $127 million in 2011 from the $106 million posted in 2010.
Brunei's imports from the UK decreased from $149 million in 2010 to $96 million while French imports increased to $49 million in 2011 from just $16 million in 2010.
Data compiled by IMF for imports by commodity show that Brunei's imports totalled $3.69 billion and the largest import was in machinery and transport equipment, at $1.13 billion in 2011. The figure, was less than the $1.15 billion posted the year before.
Manufactured goods also rose to $857 million in 2011 from the $686 million recorded in 2010.
Meanwhile, food and live animals also increased to $560 million in 2011 from the previous year's figure of $494 million.
Imports of tobacco decreased to $59 million in 2011 from $76 million posted in 2010 meanwhile imports of mineral fuels rose by 9.6 per cent to $355 million from $176 million in 2010. Imports of crude material inedible rose by 1.8 per cent to $65 million in 2011 from $42 million in 2010.
The Brunei Times