​International Merchandise Trade Statistics (IMTS) - October 2024

26 December 2024

The total trade for October 2024 was BND1,682.1 million comprising exports valued at BND1,063.2 million and imports amounting to BND618.9 million.

The major contributors to the export value were Mineral Fuels accounting for 69.1 per cent, followed by Chemicals at 27.8 per cent and Machinery and Transport Equipment at 1.9 per cent.

The main export markets were People’s Republic of China accounting for 25.5 per cent, followed by Japan and Australia at 19.7 per cent and 19.6 per cent respectively. The largest export commodities to these countries were Mineral Fuels and Chemicals. 

Meanwhile, imports in October 2024 were valued at BND618.9 million. The three main import commodities were Mineral Fuels, accounting for 59.8 per cent, followed by Machinery and Transport Equipment at 13.9 per cent, and Food at 9.6 per cent.

The largest import partners were Malaysia accounting for 29.9 per cent, followed by Australia at 19.0 per cent and United Arab Emirates at 16.5 per cent. The main import commodities from these partners were Mineral Fuels, Food as well as Chemicals. 

Compared to September 2024, the trade balance in October 2024 rose by 30.0 percent, driven by the decline in imports by 24.9 per cent. 

The imports for end use categories, were mainly used as Intermediate Goods processing accounting for 57.6 per cent, followed by Capital Goods for business operations at 38.1 per cent, and Consumption Goods for household use at 4.3 per cent. 

The International Merchandise Trade Statistics report for October 2024 can be accessed through the DEPS’s website at https://deps.mofe.gov.bn