Xinhua
27 Jun 2025, 11:15 GMT+10
BANDAR SERI BEGAWAN, June 27 (Xinhua) -- Brunei's trade balance increased by 3.4 percent year-on-year to 395.9 million Brunei dollars (310.1 million U.S. dollars) in April, according to a report from the Department of Economic Planning and Statistics (DEPS) of Brunei on Thursday.
According to the DEPS, Brunei's merchandise exports achieved 1,167.1 million Brunei dollars (917.7 million U.S. dollars) in April. Mineral fuels accounted for the highest share of total exports at 74.6 percent, followed by chemicals at 23.2 percent, and machinery and transport equipment at 0.7 percent.
Brunei's total trade for April 2025 was 1,938.3 million Brunei dollars (1,524.1 million U.S. dollars), which saw a year-on-year decrease of 18 percent from 2,365 million Brunei dollars (1,852.4 million U.S. dollars) in April 2024, said the report.
Meanwhile, on a month-on-month basis, Brunei's total imports in April recorded an increase of 1.5 percent, mainly attributed to the increase in the import value of most commodity sections. The highest share of imports in April came from Russia, accounting for 26.9 percent, followed by Malaysia at 16.9 percent and Norway at 14.6 percent.
Brunei is situated in the northern part of Borneo Island in Southeast Asia and is abundant in oil and natural gas resources. In recent years, the government has made efforts to diversify the economy and reduce its strong dependence on the oil and gas sector.
Get a daily dose of Denmark Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Denmark Sun.
More InformationDUBLIN, Ireland: Ireland's EU Commissioner Michael McGrath has defended Commission Vice President Kaja Kallas over her recent comments...
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
DUBLIN, Ireland: Post-tax profits at Ballymaloe Cookery School rose by 53 percent in 2024 to 135,952 euros, helped by the buzz around...
DUBLIN, Ireland: A 63-year-old woman, Sigrid O'Meara from Ballincurry, Longford, is suing Boots Pharmacy in the High Court. She says...
WASHINGTON, D.C.: The United States will stop providing financial support to Gavi, the global vaccine alliance that helps immunize...
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
THE HAGUE, Netherlands: NATO is pressing ahead with a sweeping new defense spending target, calling on all 32 member nations to commit...
The United States' recent tariff hikes have had detrimental effects on its economy, including slowed growth, rising costs, business...
Washington DC [US], June 29 (ANI): Simon Fraser University Researchers are using an advanced brain imaging method called MEG to understand...
Hamburg, [Germany], June 29 (ANI): Diksha Dagar and Vani Kapoor were the pick of the Indians at the Amundi German Masters after the...
New Delhi [India], June 28 (ANI): The percentage of zero-dose children (Those who have not received a single vaccine) in India has...