Brunei exports down 47.8% in July

BRUNEI’S exports in July fell 47.8 per cent to $647.4 million on a year-on-year basis owing to a sharp decline in oil and gas exports, according to data from the Department of Economic Planning and Development (JPKE).

The latest International Merchandise Trade Statistics (IMTS) published by the department disclosed oil and gas export revenues, which account for over 90 per cent of the sultanate’s exports, declined by 49.5 per cent to $593.4 million.

Export value for crude oil and liquefied natural gas (LNG) declined by 60.9 per cent and 37 per cent respectively.