ASEAN KEY DESTINATIONS
Brunei exports up 3.7% in Nov
BRUNEI’s exports in November 2015 rose by 3.7 per cent from the previous month owing to an increase in exports of Liquefied Natural Gas (LNG), the Department of Economic Planning and Development (JPKE) said.
Exports of LNG increased by 31.9 per cent from 702,758 million metric British thermal unit (MMBtu) per day in October 2015 to 957,411 MMBtu per day in November 2015, according to the department in a media statement yesterday.
However, the average export price of LNG slid from US$9.88 per barrel in October to US$9.76 in November.
Meanwhile, exports of crude oil decreased by 14.1 per cent as trade volume of crude oil export decreased to 114.88 kbbl (thousand barrels) per day in November from 123.07 kbbl per day, the statement read.
Japan had the lion’s share of Brunei’s exports with 41.2 per cent, followed by Republic of Korea (20.3 per cent), India (11.7 per cent) and Thailand (9.1 per cent).
Imports of goods decreased by 0.4 per cent from $342.2 million in October to $341 million in November due to a decline in imports of mineral fuels by 34.4 per cent, Food (19.5 per cent) and manufactured goods (2.2 per cent).
Most of Brunei’s imports came from Malaysia, which accounted for 21.6 per cent of total imports.
This was followed by Singapore (19.9 per cent), China (11.4 per cent) and Republic of Korea (9.2 per cent).
Total trade in November increased by 2.3 per cent to $990 million, comprising of exports with $649 million and imports at $341 million.
Trade balance in November 2015 increased by 8.6 per cent to $308 million.
The full IMTS report was not available on the department’s website as of press time.
The IMTS adopts the General System for recording trade statistics which cover imports, domestic exports and re-exports. – Fitri Shahminan
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