Brunei’s crude oil exports slump 34% in November

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shell bruneiBrunei’s crude oil exports fell 34 per cent in November 2013 year-on-year, according to latest statistics from the Department of Economic Planning and Development released on February 19, Xinhua reported.

Figures from the recently released International Merchandise Trade Statistics showed that Brunei’s crude oil exports in November 2013 were valued at 408.7 million Brunei dollars (about $330 million), down from 623.6 million Brunei dollars ($503 million) in November 2012.

The drop in crude oil exports weighed heavily on total exports which, decreased 11.8 per cent to 1.11 billion Brunei dollars ($897 million) in November 2013.

Other significant decreases were also recorded in exports of chemicals which dropped 98.3 per cent from the previous year, and in exports of miscellaneous manufactured articles which fell 53.8 per cent in the same period in 2012. On a year-to-date basis from January to November, the overall trade balance had decreased by 15.1 per cent to 9.05 billion Brunei dollars ($7.3 billion) in 2013 from the same period in 2012.

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Reading Time: 1 minute

Brunei’s crude oil exports fell 34 per cent in November 2013 year-on-year, according to latest statistics from the Department of Economic Planning and Development released on February 19, Xinhua reported.

Reading Time: 1 minute

shell bruneiBrunei’s crude oil exports fell 34 per cent in November 2013 year-on-year, according to latest statistics from the Department of Economic Planning and Development released on February 19, Xinhua reported.

Figures from the recently released International Merchandise Trade Statistics showed that Brunei’s crude oil exports in November 2013 were valued at 408.7 million Brunei dollars (about $330 million), down from 623.6 million Brunei dollars ($503 million) in November 2012.

The drop in crude oil exports weighed heavily on total exports which, decreased 11.8 per cent to 1.11 billion Brunei dollars ($897 million) in November 2013.

Other significant decreases were also recorded in exports of chemicals which dropped 98.3 per cent from the previous year, and in exports of miscellaneous manufactured articles which fell 53.8 per cent in the same period in 2012. On a year-to-date basis from January to November, the overall trade balance had decreased by 15.1 per cent to 9.05 billion Brunei dollars ($7.3 billion) in 2013 from the same period in 2012.

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