ASEAN KEY DESTINATIONS
Brunei’s exports down 1.41% in May
BRUNEI’s exports for the month of May slid to $505.1 million, down 1.41 per cent compared with the previous month’s $512.3 million, the Department of Economic Planning and Development (JPKE) said yesterday.
In its latest International Merchandise Trade Statistics (IMTS) report, JPKE said May’s oil exports rose by 17.81 per cent to $219 million, from $185.9 million recorded in the previous month. Exports of liquefied natural gas, however, declined by more than 20 per cent to $222.9 million.
Oil and gas account for about 90 per cent of the sultanate’s total exports.
Brunei also exported machinery and transport equipment worth $29.6 million and chemicals worth $17.5 million.
Nearly 40 per cent of the country’s exports went to Japan. Other key export markets include India, which accounted for 15.7 per cent of market share, Malaysia 10.7 per cent and China, nine per cent.
Brunei’s imports in May had decreased by 0.7 per cent to $314.2 million, down from $316.4 million in April.
Machinery and transport equipment, valued at $109.2 million, accounted for most of Brunei’s imports. This was followed by manufactured goods, $58.1 million and food, $55 million.
Over 20 per cent of the country’s imports came from Malaysia. Other main sources of imports include Singapore, China and the US.
The trade balance for the month of May was recorded at $190.9 million, or 2.62 per cent lower than April’s.
Brunei’s IMTS adopts the General System for recording trade statistics which cover imports, domestic exports and re-exports. The full report is available at www.depd.gov.bn.
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