Brunei witnessed a significant 10.1% increase in total exports value in the fourth quarter (Q4) of 2022, driven by a 23.1% rise in the exports unit value index. The increase was mainly contributed by the index of beverages (31.0%), mineral fuels (24.1%), and manufactured goods (20.4%).
According to the Department of Economic Planning and Statistics at the Ministry of Finance and Economy, rising global prices for these commodities played a crucial role in boosting the exports unit value index.
On the other hand, the exports volume index saw a decrease of 33.2% in Q4 2022, contributed by the index of beverages (36.1%), mineral fuels (34.2%), and miscellaneous manufactured articles (27.5%).
The total imports value in Q4 2022 also experienced an increase, rising by 18.7% primarily due to a 4% rise in the import unit value index. This surge was primarily driven by crude materials inedible (23.8%), mineral fuels (16.9%), and manufactured goods (15.9%).
Furthermore, the imports volume index increased by 7.9%, attributed to an increase in the index of manufactured goods (43.2%), food (22.8%), and beverages (16.7%). The terms of trade registered an 18.4% increase in Q4 2022, mainly contributed by the increase of the index of beverages at 26.6%, followed by chemicals (9.9%) and mineral fuels (6.2%).
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