Brunei records 7.1 pct total trade increase in October-Xinhua

Brunei records 7.1 pct total trade increase in October

Source: Xinhua| 2023-01-13 23:13:30|Editor: huaxia

BANDAR SERI BEGAWAN, Jan. 13 (Xinhua) -- Brunei recorded 2,477.5 million Brunei dollars (1,871.2 million U.S. dollars) total trade for October 2022, a 7.1 percent year-on-year increase contributed by a rise in import value.

The latest International Merchandise Trade Statistics released on Friday by the Department of Economic Planning and Statistics at the Ministry of Finance and Economy showed that Brunei's exports in October decreased by 2.5 percent yearly to 1,302.9 million Brunei dollars, which was mainly due to the decrease in mineral fuel exports.

Imports increased from 975.9 million Brunei dollars in October 2021 to 1,174.6 million Brunei dollars in October 2022.

The highest share of exports in October 2022 went to China (25.7 percent), followed by Australia (18.4 percent) and Japan (17.6 percent). The largest export commodity to China was chemicals, whereas to Australia and Japan was mineral fuels.

The highest share of imports was from the United Arab Emirates (37.0 percent), followed by Malaysia (23.8 percent) and Qatar (12.3 percent), with mineral fuels as the largest import commodity. (1 Brunei dollar equals about 0.76 U.S. dollars).