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Brunei

Brunei ranked No. 148 in total trade value through February with a total of $31.39 million. Exports totaled $21.25 million and Imports totaled $10.14 million, a surplus of $11.11 million.

U.S. trade with Brunei rose to $31.39 million through February

Brunei’s trade with the United States rose to $31.39 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 86.92 percent above its total trade during the same time period last year. Brunei’s exports increased 44.95 percent while imports rose 375.25 percent. The U.S. surplus with Brunei was $11.11 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Dallas-Fort Worth International Airport, Texas; No. 3 John F. Kennedy International Airport; No. 4 Houston’s George Bush Intercontinental Airport, Texas; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Seattle, Wash. No. 3 Port of New York No. 4 Houston’s George Bush Intercontinental Airport, Texas and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 77.38 percent of Brunei’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 25921 percent to $10.77 million.
    Exports rose 8917.5 percent to $3.73 million. Imports totaled $7.04 million.
  • Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 1188.73 percent to $5.75 million.
    Exports rose 2000.65 percent to $5.71 million. Imports fell 77.05 percent to $40,000.
  • Trade with No. 3 John F. Kennedy International Airport rose 33.31 percent to $4.08 million.
    Exports fell 0.62 percent to $2.45 million. Imports rose 172.75 percent to $1.63 million.
  • Trade with No. 4 Houston’s George Bush Intercontinental Airport, Texas rose 32.1 percent to $2.08 million.
    Exports rose 32.26 percent to $2.07 million. Imports rose 9.03 percent to $11,993.
  • Trade with No. 5 Port of Los Angeles rose 32.87 percent to $1.61 million.
    Exports rose 46.65 percent to $1.34 million. Imports fell 9 percent to $273,929.

Brunei ranked No. 148 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 168.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Brunei by value through February were the categories of Parts for heavy machinery; Misc. chemical reaction initiators, accelerators; Civilian aircraft, parts; Low value shipments; and Binders for found molds; chemical products, respectively. They accounted for 55.28 percent of total exports to Brunei.

The value of the top five categories of U.S. imports from Brunei –– Iron and steel pipes and tubing; Value added to a returned import; Transmission shafts, bearings, gears; Sweaters, pullovers, vests, knit or crocheted; and T-shirts, tank tops, knit or crocheted –– accounted for 96.39 percent of all inbound shipments.

Looking more closely at U.S. exports to Brunei:

  • Parts for heavy machinery rose 1683.87 percent compared to last year to $4.94 million.
  • Misc. chemical reaction initiators, accelerators totaled $2.21 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts rose 81.57 percent compared to last year to $1.79 million.
  • Low value shipments rose 50.68 percent compared to last year to $1.59 million.
  • Binders for found molds; chemical products totaled $1.21 million. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Brunei:

  • Iron and steel pipes and tubing totaled $7.04 million. The previous year, there were no imports in this category.
  • Value added to a returned import rose 78.03 percent compared to last year to $1.89 million.
  • Transmission shafts, bearings, gears totaled $481,200. The previous year, there were no imports in this category.
  • Sweaters, pullovers, vests, knit or crocheted fell 42.01 percent compared to last year to $200,496.
  • T-shirts, tank tops, knit or crocheted rose 360.76 percent compared to last year to $162,713.

In the latest annual figures available, Brunei recorded $143.94 million in trade with the United States. At year’s end, its were Mobile; New York City; Los Angeles; Atlanta/Savannah; and Houston. Total U.S. exports to Brunei were $ 121.14 million and imports from Brunei were $22.8 million. The U.S. surplus with Brunei was $98.34 million.