BANDAR SERI BEGAWAN, Jul 19 (NNN-BB) – Brunei recorded 526.2 million Brunei dollars (398.2 million U.S. dollars) trade balance for Mar, 2023, a 39.1 percent year-on-year decrease, due to a drop in both export and import value.
The latest International Merchandise Trade Statistics, released yesterday by the Ministry of Finance and Economy, showed, Brunei’s exports in Mar decreased by 39.7 percent to 1,004.2 million Brunei dollars, which was mainly due to the drop in mineral fuels exports and chemicals.
Imports also decreased from 800.2 million Brunei dollars in Mar, 2022, to 478.0 million Brunei dollars in Mar, 2023.
The highest share of exports in Mar, 2023, went to Singapore (18.8 percent), followed by Japan (18.7 percent), Australia (12.1 percent) and Thailand (10.6 percent).
The biggest import partner was Belgium, accounting for 33.5 percent, followed by Malaysia (18.8 percent), Singapore (10.8 percent) and China (8.9 percent). (1 Brunei dollar equals about 0.76 U.S. dollars)– NNN-BB
