Brunei Trade Surplus Hits 2-1/2-Year Low

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Brunei’s trade surplus fell sharply to BND 136.9 million in December 2025 from BND 368.8 million in the same month a year earlier. It marked the lowest trade gain since June 2023, mainly due to a jump in imports. Purchases surged 27.7% yoy to a 19-month high of BND 1,005.1 million, boosted by stronger demand for mineral fuels (40.2%) and miscellaneous manufactured articles (117.1%). Malaysia was the top import source (55.1% of total purchases), followed by the United Arab Emirates (9.5%), Kazakhstan (9.1%), China (5.7%), and Indonesia (4.4%). Meanwhile, sales dropped 1.2% to BND 1.14 billion, primarily due to lower shipments of mineral fuels (-1.1%) and chemicals (-13.0%). Key export destinations included Australia, with 26.1% share, China (13.7%), Singapore (13.4%), Japan (12.4%), and Malaysia (6.8%). For the full year, the trade surplus was at BND 5.06 billion, down from BND 5.28 billion in 2024, as exports shrank 10.4% while imports dipped 13.8%.

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