Brunei Balance of Trade

Last Release

Jan 31, 2025

Actual

516.9

Units In

BND Million

368.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
2,971.45 Sep 2008	-513.5 Jun 2021	703.85 BND Million	2005-2025	N/A

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.

Latest Updates

Brunei's trade surplus decreased sharply to BND 465.8 million in February 2025 from BND 689.1 million in the same month a year earlier, as exports fell more than imports. Overseas sales tumbled 27.0% yoy to a four-month low of BND 1,130 million, pressured by drops in mineral fuels (-35.5%), and chemicals (-8.7%). The highest shares of exports were to China, accounting for 24.8% of the total, followed by Japan (22.8%), Australia (22.7%), Singapore (9.4%), and Malaysia (7.3%). Meanwhile, purchases dipped 22.6% to a four-month low of BND 664.2 million, weighed by falls in mineral fuels (-27.5%), manufactured goods (-31.2%), machinery and transport equipment (-11.9%), and miscellaneous manufactured articles (-16.9%). The largest shares of imports came from Malaysia (39.1%), the United Arab Emirates (17.1%), and Papua New Guinea (10.9%). For the first two months of the year, Brunei's trade surplus narrowed to BND 982.7 million from BND 1,152.3 million in the corresponding period of 2024.