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Brunei-Indonesia trade sees increase in volume

Brunei Darussalam and Indonesia recorded an increase of 360 per cent (USD374.2 million) in bilateral trade volume in 2021. “Over the past four years, Indonesia has always enjoyed a surplus in trade with Brunei,” Indonesian Ambassador to Brunei Darussalam Dr Sujatmiko said on the sidelines of the introduction with members of the Indonesian Chamber of […]

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Brunei exports in November 2021 see 144pc rise year-on-year

Brunei Darussalam’s exports in November 2021 has risen by 144 per cent when compared to the same period last year, according to the International Merchandise Trade Statistics (IMTS) report published by the Department of Economic Planning and Statistics (JPES) recently. The department said in November 2021, the total export was valued at BND1,331.4 million compared […]

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Growth projected for Brunei’s economy

Various reports and studies have shared projections and statistics pertaining to Brunei Darussalam’s economy. Among them is the Brunei Economic Outlook 2022 published by Centre for Strategic and Policy Studies (CSPS). Brunei’s think tank. According to the report, Brunei Darussalam’s economy is forecast to expand by 3.7 per cent in 2022, after contracting by an […]

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Trade between Brunei, Malaysia up 70.4 per cent

The bilateral trade between Brunei Darussalam and Malaysia increased by 70.4 per cent to MYR8.03 billion (USD1.93 billion) in 2021 from MYR4.71 billion (USD1.12 billion) in 2020. The total exports from Malaysia to the Sultanate increased by 108.1 per cent to MYR5.78 billion (USD1.39 billion) in 2021, from MYR2.78 billion (USD0.66 billion) the previous year. […]

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Brunei fiscal deficit to narrow this year

Brunei Darussalam’s fiscal deficit is forecast to narrow further to 6.9 per cent of gross domestic product (GDP) this year, following a substantial improvement in 2021, owing to higher oil and gas revenue. Meanwhile, Brunei’s economy is forecast to expand by 3.7 per cent in 2022, after contracting by an estimated 1.5 per cent in […]

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