Brunei Saw 37.2-Percent Increase In Trade Surplus In Dec, 2022

Brunei Saw 37.2-Percent Increase In Trade Surplus In Dec, 2022

BANDAR SERI BEGAWAN, Mar 23 (NNN-ANN) – Brunei recorded 659.4 million Brunei dollars (494.2 million U.S. dollars) in trade surplus for Dec, 2022, a 37.2-percent increase, contributed by a rise in export and a drop in import.

The latest statistics showed that, Brunei’s exports in Dec increased 4.5 percent, year-on-year, to 1,564.0 million Brunei dollars, which was mainly due to the rise in export of liquefied natural gas and other petroleum and gas products.

Imports decreased by 11 percent yearly to 904.6 million Brunei dollars in Dec, 2022. Mineral fuels recorded the highest share of total imports with 63.6 percent.

The highest share of exports in Dec, 2022 went to Japan (30.0 percent), followed by Australia (22.3 percent) and Singapore (13.6 percent).

The biggest import partner was Malaysia (22.7 percent), followed by China (17.3 percent) and the United Arab Emirates (14.5 percent). (1 Brunei dollar equals 0.75 U.S. dollars)– NNN-ANN  

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