Exports in Brunei

Brunei Exports | Economic News & Forecasts

Brunei - Exports

Economic growth gathered pace in Q2, despite the constraining effects of the pandemic. A sizable acceleration in household spending, a much softer contraction in government consumption, and resilient export growth more than offset a sharper downturn in investment activity. Soaring output at the Hengyi Industries’ oil refinery and petrochemical plant also supported growth in Q2. However, activity likely lost some steam in Q3. Merchandise exports contracted in annual terms in July, mainly on the back of plunging foreign sales of crude oil and LNG. That said, imports surged in the same month, pointing to resilient domestic demand, and the positive health situation bodes well for activity ahead. On the political front, the ministry of finance is reportedly preparing an economic blueprint focused on strengthening the private sector, which should improve the business climate in coming years.

Brunei - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)6.1  4.8  5.5  6.6  7.2  

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Brunei Facts

Value Change Date
Exchange Rate1.340.0 %Jan 01

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