Trade Balance in Brunei

Brunei Trade Balance | Economic News & Forecasts

Brunei - Trade Balance

The economy contracted at a sharper year-on-year pace in the second quarter, as a planned refinery shutdown led to a sizable decline in the hydrocarbon sector, which in turn weighed heavily on the performance of the external sector. Although data for the third quarter is scarce, conditions seemingly remained downbeat in the period, due to containment measures implemented amid a rise in Covid-19 cases. That said, data for the quarter shows surging merchandise exports compared to last year, fueled by soaring sales of mineral fuels. On the pandemic front, in mid-November some restrictions were eased for fully vaccinated individuals, and in early December the country began to administer second vaccine doses for young people aged 12 to 17. Moreover, authorities announced that they will restart non-essential international travel once 80% of the population has been vaccinated.

Brunei - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)2.9  2.2  2.4  2.4  2.1  

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Note: Trade balance in (USD bn).
Source: IMF

Brunei Facts

Value Change Date
Exchange Rate1.340.0 %Jan 01

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