BANDAR SERI BEGAWAN, July 18 (Xinhua) — Brunei recorded 526.2 million Brunei {dollars} (398.2 million U.S. {dollars}) commerce steadiness for March 2023, a 39.1 % year-on-year lower resulting from a drop in each export and import worth.
The newest International Merchandise Trade Statistics launched on Tuesday by the Ministry of Finance and Economy confirmed that Brunei’s exports in March decreased by 39.7 % yearly to 1,004.2 million Brunei {dollars}, which was primarily as a result of drop in mineral fuels exports and chemical compounds.
Imports additionally decreased from 800.2 million Brunei {dollars} in March 2022 to 478.0 million Brunei {dollars} in March 2023.
The highest share of exports in March 2023 went to Singapore (18.8 %), adopted by Japan (18.7 %), Australia (12.1 %) and Thailand (10.6 %).
The greatest import accomplice was Belgium, accounting for 33.5 %, adopted by Malaysia (18.8 %), Singapore (10.8 %) and China (8.9 %). (1 Brunei dollar equals about 0.76 U.S. {dollars})