Published February 20, 2001
by Icon Group International .
Written in English
|The Physical Object|
|Number of Pages||13|
In Brunei was the number economy in the world in terms of GDP (current US$), the number in total exports, and the number in total imports. In , Brunei exported $B and imported $B, resulting in a positive trade balance of $B. In , Brunei's exports per capita were $k and its imports per capita were $k. Brunei exports for was $B, a % increase from Brunei exports for was $B, a % increase from Brunei exports for was $B, a % increase from Brunei exports for was $B, a % decline from Imports to Brunei jumped percent year-on-year to a seven-month high of BND million in August Purchases mainly rose for mineral fuels ( percent), machinery and transport equipment ( percent), manufactured goods ( percent), and chemicals ( percent). Imports in Brunei averaged Million BND from until , reaching an all time high of Million. Exports from Brunei tumbled percent to a three-year low of BND million in July , amid deteriorating global demand due to the COVID crisis. Sales mainly plunged for mineral fuels ( percent), machinery and transport equipment ( percent), and manufactured goods ( percent). Exports in Brunei averaged Million BND from until , reaching an all time.
• Brunei Darussalam economy was about BND billion (USD bil) in current prices in • With population of ,, Brunei Darussalam’sper capita GDP in was BND52, (USD40,). • In current prices, oil and gas sector contributed % of GDP in Oil and gas, % Agriculture, Forestry and Fishery, %. and machinery and transport equipment. The largest import sectors by market value were machinery and transport equipment, manufactured goods, and food. In , the U.S. exported $ million, a 17% decrease from , in agricultural, fish and forestry products to Brunei Darussalam. Major U.S. imports for was only $,, a 82% decrease. Brunei has a parliament, but there are no elections. The last one was held in Brunei Darussalam is heavily dependent on exports of crude oil and natural gas which accounts for about two-thirds of Gross Domestic Product (GDP). According to the International Monetary Fund, Brunei ranks the fourth wealthiest country in the world. Brunei Darussalam’s exports market in was mainly to Japan with per cent (Chart 2). This was followed by Republic of Korea ( per cent) and India ( per cent). Indonesia % Viet nam % Australia % India % Japan % Korea, Republic of % New Zealand % USA % Others % C Chart 2: PERCENTAGE SHARE.
US$3, million has been brought into Myanmar because of natural gas export in this fiscal year. The figure is $ million more than that of same period last year, assistant secretary of the commerce ministry U Khin Maung Lwin told The Myanmar Times. Brunei Darussalam is a net exporter of goods and services, with exports accounting for 43% of total national GDP (). Brunei has a very low ad valorem tariff for imported rates of % (). The country’s primary export commodities include crude oil, natural gas and garments; whilst primary imports include machinery and transport. Brunei - Brunei - Economy: Brunei’s economy is almost totally dependent on the exploitation of its vast reserves of petroleum and natural gas. Although oil and gas revenues have allowed the state to give its citizens one of the highest per capita incomes in Asia, they also have made the country dependent on a single commodity that is subject to market fluctuations. BRUNEI DARUSSALAM PROHIBITED ON IMPORTATION & EXPORTATION OF GOODS TO BRUNEI DARUSSALAM Brunei Darussalam imposed restriction and control on several types of goods either for import, export and re-exports as provided in Customs Order (Section 31). FIRST SCHEDULE: Prohibition on Import.