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Market Update: Brunei Trade Surplus Narrows in February
Brunei’s trade surplus narrowed sharply to BND 102.5 million in February 2021 from BND 731.7 million a year earlier, as exports tumbled while imports jumped. Outbound shipments plunged 15.3% year-on-year to BND 949.3 million, amid deteriorating global demand due to the COVID-19 crisis. Sales mainly slumped for mineral fuels (-20.7%). The highest share of exports went to Japan, accounting for Japan (29.1%), and Singapore (23.9%). Meanwhile, imports surged 117.4% to BND 846.8 million. Purchases mainly increased for mineral fuels (273.4), and chemicals (29.8%). The highest share of imports came from the Greece, accounting for 18.9%, Malaysia (11.8%), and Russia (11.7%). source: Department of Economic Planning and Development, Brunei [/s2If]
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