The total trade recorded an increase of 37.3 per cent from BND2,018.5 million in August 2021 to BND2,771.3 million in August 2022, contributed by a rise in both export and import value between those periods.
Compared to July 2022, total trade fell 7.8 per cent due to a fall in exports and imports value, mainly mineral fuels.
Total exports increased by 35.3 per cent from BND1,246.4 million in August 2021, to BND1,687.0 million in August 2022.
This was due to the increase in mineral fuels exports from BND1,013.4 million to BND1,405.5 million in the same period. In addition, chemicals exports increased from BND213.1 million to BND250.0 million in the same period.
The increase in mineral fuels exports was due to the higher export value of crude oil, liquefied natural gas (LNG) and petroleum products. The increase in crude oil exports and LNG exports were due to a rise in export prices.
Source: Borneo Bulletin
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November 25, 2022
