Brunei records 25.1-pct trade drop in January

Source: Xinhua| 2021-04-07 22:47:34|Editor: huaxia
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BANDAR SERI BEGAWAN, April 7 (Xinhua) -- Brunei recorded 1,352.6 million Brunei dollars (1,009.5 million U.S. dollars) total trade for January 2021, down 25.1 percent year-on-year.

The latest International Merchandise Trade Statistics released Wednesday by the Department of Economic Planning and Statistics at the Ministry of Finance and Economy showed that Brunei's exports droped 45.7 percent year-on-year to 649.9 million Brunei dollars, which was mainly due to the decline in mineral fuel exports to 542.2 million Brunei dollars from 1,047.4 million Brunei dollars in January 2020.

Imports increased 15.4 percent to 702.7 million Brunei dollars compared to 608.8 million Brunei dollars in January 2020.

Mineral fuels recorded the highest contribution of total exports (83.4 percent) with a value of 542.2 million Brunei dollars.

The highest share of exports in January 2021 went to Japan (38.0 percent), followed by Singapore (20.8 percent) and China (13.2 percent).

The highest share of imports in January 2021 came from the United Arab Emirates (33.7 percent), followed by Malaysia (24.1 percent), Singapore (11.0 percent) and China (10.2 percent). (1 Brunei dollar equals 0.75 U.S. dollar) Enditem