In June 2022, Brunei Darussalam’s total trade was valued at BND3,244.1 million, an
increase by 62.5 per cent from BND1,995.9 million during the same month last year.
Meanwhile, for month-to-month changes, total trade for June 2022 increased by 14.0
per cent compared to May 2022.
Total exports increased by 61.1 per cent to BND1,775.1 million in June 2022 compared
to BND1,101.7 million in June 2021. This was mainly due to the increase in Mineral
Fuels exports to BND1,352.0 million (June 2022) from BND865.7 million (June 2021). In
addition, Chemicals exports increased to BND378.3 million in June 2022 from
BND209.4 million in the same month in 2021.
The increase in Mineral Fuels exports was mainly due to the higher export value of
Crude Oil and Petroleum Products. The increase in Crude Oil export was mainly due to
the increase in average price by 74.8 per cent to USD129.04 per barrel in June 2022
from USD73.82 per barrel in June 2021. For the Petroleum Products export, it recorded
an increase to BND845.0 million from BND347.9 million in June 2021, in which the main
commodity was automotive diesel fuels.
In terms of commodity, Mineral Fuels represents the major contributor to Brunei
Darussalam’s exports at 76.2 per cent, followed by Chemicals (21.3 per cent), and
Machinery and Transport Equipment (1.0 per cent).
The main exports market in June 2022 was Malaysia at 30.7 per cent, followed by
Australia (14.4 per cent), and Singapore (12.6 per cent). The largest export commodity
to Malaysia, Australia and Singapore was Mineral Fuels.
For imports, the total value increased to BND1,469.0 million (June 2022) from
BND894.2 million (June 2021) mainly due to a significant increase in imports of Mineral
Fuels.
The five main imports by commodity were Mineral Fuels with 78.5 per cent, followed
by Machinery and Transport Equipment at (6.9 per cent), Food (5.1 per cent),
Manufactured Goods (4.1 per cent) and Chemicals (2.4 per cent).
Most of the country's imports which was about 59.3 per cent are used as Intermediate
Goods for processing followed by Capital Goods (38.4 per cent) for business operations
and Consumption Goods (2.3 per cent) for household use.
For imports by trading partners, the highest share was from Malaysia at 23.7 per cent,
followed by United Arab Emirates (22.9 per cent) and Iraq (10.1 per cent), with Mineral
Fuels as the largest import commodity.
According to the mode of transport, in June 2022, the highest share for both exports
and imports was transport by sea, which amounted to BND3,147.2 million or 97.0 per
cent. This was followed by air transport (BND65.5 million or 2.0 per cent) and via land
(BND31.4 million or 1.0 per cent).
The International Merchandise Trade Statistics report for June 2022 is available from
the DEPS’s website at https://deps.mofe.gov.bn.