​The total trade year-on-year recorded a decrease of 1.8 per cent from 2,513.8 million dollars in December 2021, to 2,468.6 million dollars in December 2022. The decline was due to a drop in import value by 11 per cent, mainly due to a decrease in imports of Mineral Fuels particularly crude oil as a production input for the downstream petrochemical industry.

According to the Department of Economic Planning and Statistics, Ministry of Finance and Economy, total exports increased by 4.5 per cent year-on-year from 1,497.2 million dollars in December 2021, to 1,564 million dollars in December 2022. This was mainly due to the increase in Mineral Fuels exports from 1,226.1 million dollars to 1,308 million dollars in the same period.

The increase in Mineral Fuels exports was mainly due to the higher export value of Liquefied Natural Gas, LNG, and Petroleum Products. In terms of commodity, Mineral Fuels represented the major contributor to Brunei Darussalam's, followed by Chemicals and Machinery and Transport Equipment.

The five main imports by commodity for December 2022 were Mineral Fuels; followed by Machinery and Transport Equipment; Chemicals; Food and Manufactured Goods.

The main exports market in December 2022 was Japan, followed by Australia and Singapore. The largest export commodity to Japan, Australia and Singapore was Mineral Fuels.

The International Merchandise Trade Statistics report for December 2022 can be accessed through the DEPS's website.

Source:
RTB NEWS

by RTB NEWS

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