Trade Balance in Brunei
Brunei - Trade BalanceThe 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
|Trade Balance (USD billion)||2.9||2.2||2.4||2.4||2.1|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.34||0.0 %||Jan 01|
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