ASEAN KEY DESTINATIONS
Brunei’s exports slip to $503.8 million in June
BRUNEI’s exports for the month of June decreased to $503.8 million from the previous month’s figure of $505.1 million, the Department of Economic Planning and Development (JPKE).
In its latest International Merchandise Trade Statistics (IMTS) report, JPKE said June’s oil exports rose to $243.8 million from $219 million recorded in the previous month.
Exports of liquefied natural gas declined from $222.9 million in the previous month to $214.1 million in June
Oil and gas exports account for about 90 per cent of the sultanate’s total exports.
Brunei also exported machinery and transport equipment worth $22.9 million and chemicals worth $14.2 million.
More than 30 per cent of the country’s exports went to Japan. Other key export markets include New Zealand which accounted for 19.7 per cent of market share, Thailand 15.7 per cent and South Korea, 9.2 per cent.
Brunei’s imports in June had increased by 7.4 per cent to $337.3 million from $314.2 million in May.
Machinery and transport equipment, valued at $109.6 million, accounted for most of Brunei’s imports. This was followed by manufactured goods, $66.4 million and food, $53.8 million.
More than 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 June was recorded at $166.5 million.
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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Indonesia to launch 13th economic package this month
Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.
Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.
"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.
The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.