Brunei Balança Comercial

Brunei's trade balance shifted to a surplus of BND 347.2 million in June 2024 from a deficit of BND 154.9 million, as exports rose while imports shrank. Shipments grew by 15.5% yoy to BND 1,007.5 million, mainly supported by mineral fuels (16.7%) and machinery and transport equipment (400.7%). The highest share of exports went to China, accounting for 22.0% of the total, Singapore (19.9%), Australia (11.5%), Vietnam (9.0%), Malaysia (8.8%), and Japan (8.1%). Meanwhile, imports tumbled 35.7% to a 14-month low of BND 660.3 million, burdened by mineral fuels (-41.7%), machinery and transport equipment (-30.3%), and food (-15.8%). The biggest share of purchases came from Malaysia (59.5%), China (14.4%), Australia (6.1%), Singapore (3.8%), and the US (3.0%). For the first six months of the year, Brunei logged a trade surplus of BND2,836 million, up strongly from BND 1,914.1 million in the same period of 2023, with exports rising 24.2% while imports increased at a slower 14.2%.