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Market Update: Brunei Trade Surplus Plunges in April
Brunei’s trade surplus narrowed sharply to BND 84.1 million in April 2021 from BND 310.9 million in the same month a year earlier. This was the smallest trade surplus in three months, amid a sharp jump in imports. Outbound shipments increased 56.6% year-on-year to BND 1,136.6 million, with sales mainly rising for mineral fuels (34.1%), and chemicals (190%). The highest share of exports went to Singapore, accounting for 31.9%, China (24.5%), and Japan (15.9%). Meanwhile, imports jumped 153.2% to BND 1,054.5 million. Purchases mainly grew for mineral fuels (528.8%), and miscellaneous manufactured articles (57%). The highest share of imports came from Singapore, accounting for 29.4%, Malaysia (25.2%), and Saudi Arabia (10%). Considering the first four months of the year the trade surplus slumped to BND 772.8 million from BND 2,340.4 in the same period of 2020, as exports fell by 5.1 percent while imports climbed 76.9%. source: Department of Economic Planning and Development, Brunei [/s2If]
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