Brunei trade balance increases 3.4 per cent in April
BANDAR SERI BEGAWAN (Xinhua): Brunei's trade balance increased by 3.4 percent year-on-year to 395.9 million Brunei dollars (US$310.1 million) in April, according to a report from the Department of Economic Planning and Statistics (DEPS) of Brunei.
According to the DEPS, Brunei's merchandise exports achieved 1,167.1 million Brunei dollars (US$917.7 million ) in April. Mineral fuels accounted for the highest share of total exports at 74.6 per cent, followed by chemicals at 23.2 per cent, and machinery and transport equipment at 0.7 per cent.
Brunei's total trade for April 2025 was 1,938.3 million Brunei dollars (US$1,524.1 million), which saw a year-on-year decrease of 18 percent from 2,365 million Brunei dollars (US$1,852.4 million) in April 2024, said the report.
Meanwhile, on a month-on-month basis, Brunei's total imports in April recorded an increase of 1.5 per cent, mainly attributed to the increase in the import value of most commodity sections.
The highest share of imports in April came from Russia, accounting for 26.9 per cent, followed by Malaysia at 16.9 per cent and Norway at 14.6 per cent.
Brunei is situated in the northern part of Borneo Island in Southeast Asia and is abundant in oil and natural gas resources. In recent years, the government has made efforts to diversify the economy and reduce its strong dependence on the oil and gas sector. - Xinhua
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