Brunei's trade surplus decreased to BND 444.3 million in October 2024 from BND 387.7 million in the same month a year earlier, as imports fell more than exports. Purchases tumbled 37.0% year-on-year to a 19-month low of BND 618.9 million, largely due to significant declines in mineral fuels (-46.7%) and machinery and transport equipment (-21.6%). The largest shares of imports came from Malaysia (29.9%), Australia (19.0%), the United Arab Emirates (16.5%), and China (7.1%). Meanwhile, exports contracted 22.4% to a four-month low of BND 1,063.2 million, primarily due to a 30.3% drop in mineral fuels. The highest shares of exports were to China (25.5%), Japan (19.7%), Australia (19.6%), Malaysia (8.3%), and the Philippines (7.4%). For the first ten months of the year, Brunei recorded a trade surplus of BND 4,497.8 million, up from BND 3,769.6 million in the same period of 2023, with exports increasing by 6.5% while imports were relatively stagnant, growing by just 0.6%. source: Department of Economic Planning and Development, Brunei

Brunei recorded a trade surplus of 444.30 BND Million in October of 2024. Balance of Trade in Brunei averaged 678.16 BND Million from 2005 until 2024, reaching an all time high of 2971.45 BND Million in September of 2008 and a record low of -394.20 BND Million in October of 2020. This page provides the latest reported value for - Brunei Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brunei Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.




Related Last Previous Unit Reference
Balance of Trade 444.30 341.80 BND Million Oct 2024
Current Account 2611.00 4501.00 BND Million Dec 2023
Current Account to GDP 10.60 19.60 percent of GDP Dec 2023
Exports 1063.20 1165.50 BND Million Oct 2024
Foreign Direct Investment -68.60 -403.20 BND Million Dec 2023
Imports 618.90 823.70 BND Million Oct 2024
Tourist Arrivals 133630.00 35701.00 Thousands Dec 2023

Brunei Balance of Trade
As an oil producer, Brunei has been able to run consistent trade surpluses despite having to import most of what it consumes. Oil and natural gas account for almost 90 percent of Brunei’s exports. Other exports include machinery and transport equipment and chemicals. Brunei mainly imports machinery and transport equipment, manufactured goods, food, fuels and lubricants, chemical products, and miscellaneous manufactured articles. Brunei’s main trading partners are Japan, Malaysia, Singapore, South Korea, India, China, Australia, the United States and Thailand.
Actual Previous Highest Lowest Dates Unit Frequency
444.30 341.80 2971.45 -394.20 2005 - 2024 BND Million Monthly


News Stream
Brunei Trade Surplus Narrows in October
Brunei's trade surplus decreased to BND 444.3 million in October 2024 from BND 387.7 million in the same month a year earlier, as imports fell more than exports. Purchases tumbled 37.0% year-on-year to a 19-month low of BND 618.9 million, largely due to significant declines in mineral fuels (-46.7%) and machinery and transport equipment (-21.6%). The largest shares of imports came from Malaysia (29.9%), Australia (19.0%), the United Arab Emirates (16.5%), and China (7.1%). Meanwhile, exports contracted 22.4% to a four-month low of BND 1,063.2 million, primarily due to a 30.3% drop in mineral fuels. The highest shares of exports were to China (25.5%), Japan (19.7%), Australia (19.6%), Malaysia (8.3%), and the Philippines (7.4%). For the first ten months of the year, Brunei recorded a trade surplus of BND 4,497.8 million, up from BND 3,769.6 million in the same period of 2023, with exports increasing by 6.5% while imports were relatively stagnant, growing by just 0.6%.
2024-12-25
Brunei Trade Surplus Hits 11-Month Low
Brunei's trade surplus decreased sharply to BND 341.8 million in September 2024 from BND 629.1 million in the same month a year earlier. It was the smallest trade gain since October 2023, primarily due to a significant drop in exports. Shipments contracted 20.5% yoy to a three-month low of BND 1,165.5 million, mainly pressured by declines in mineral fuels (-21.5%) and chemicals (-16.6%). The highest share of exports went to China, representing 22.7% of the total, Australia (-22.7%), Thailand (-10.9%), Japan (9.8%), and Vietnam (9.4%). Meanwhile, purchases shrank 1.6% to BND 823.7 million, largely weighed by a 7.1% fall in mineral fuels. The biggest share of imports came from the United Arab Emirates (30.4%), Malaysia (25.2%), China (9.2%), and Canada (6.1%). For the first nine months of the year, Brunei logged a trade surplus of BND 4,053.5 million, widening from BND 3,381.9 million in the same period of 2023, with exports increasing 10.2% while imports grew at a steeper 19.9%.
2024-12-07
Brunei Trade Surplus Notches 5-Month Peak
Brunei's trade surplus rose to BND 495.0 million in August 2024 from BND 401.7 million in the same month a year earlier. It was the largest trade gain since March, as imports fell more than exports. Purchases tumbled 26.9% yoy to BND 765.4 million, rattled by mineral fuels (-29.8%), chemicals (-49.6%), and manufactured goods (-52.7%). The biggest share of imports came from Malaysia, representing 39.8% of the total, Russia (15.4%), Australia (10.3%), China (10.3%), and the Philippines (4.7%). Meanwhile, shipments shrank 13.0% to BND 1,260.4 million, mainly dragged by mineral fuels (-10.7%) and chemicals (-33.0%). The highest share of exports went to China (17.2%), Japan (16.1%), Australia (14.7%), Singapore (14.3%), South Korea (9.3%), and Indonesia (6.6%). For the first eight months of the year, Brunei logged a trade surplus of BND 3,711.7 million, widening sharply from BND 2,752.8 million in the same period of 2023, with exports rising 15.1% while imports grew at a slower 6.6%.
2024-10-30