Brunei

Brunei ranked No. 124 in total trade value through June with a total of $138.29 million. Exports totaled $64.78 million and Imports totaled $73.51 million, a deficit of $8.73 million.

U.S. trade with Brunei rose to $138.29 million through June

Brunei’s trade with the United States rose to $138.29 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 47.26 percent below its total trade during the same time period last year. U.S. exports to Brunei decreased 72.39 percent while U.S. imports from Brunei rose 166.54 percent. The U.S. deficit with Brunei was $8.73 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Port of Houston; No. 3 Dallas-Fort Worth International Airport, Texas; No. 4 Selby Marine Terminal, Calif.; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Seattle-Tacoma International Airport; No. 2 Port of Houston; No. 3 Port of Corpus Christi, Texas; No. 4 Dallas-Fort Worth International Airport, Texas and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 70.41 percent of Brunei’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 1021.04 percent to $42.5 million.
    Exports rose 34.33 percent to $3.36 million. Imports rose 2926.67 percent to $39.15 million.
  • Trade with No. 2 Port of Houston fell 34.69 percent to $18.84 million.
    Exports fell 46.18 percent to $5.38 million. Imports fell 28.6 percent to $13.46 million.
  • Trade with No. 3 Dallas-Fort Worth International Airport, Texas rose 67.73 percent to $15.96 million.
    Exports rose 54.95 percent to $14.59 million. Imports rose 1309.32 percent to $1.37 million.
  • Trade with No. 4 Selby Marine Terminal, Calif. totaled $11.32 million.
    There were no exports. Imports totaled $11.32 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 5.76 percent to $8.75 million.
    Exports rose 18.3 percent to $5.92 million. Imports fell 33.9 percent to $2.83 million.

Brunei ranked No. 124 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 136.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Brunei by value through June were the categories of Misc. aircraft parts; Civilian aircraft, parts; Low value shipments; Miscellaneous machines, parts; and Catalytic converters, air filters, oil filters, etc., respectively. They accounted for 56.63 percent of total exports to Brunei.

The value of the top five categories of U.S. imports from Brunei –– Gasoline, other fuels; Returned exports, without change; Iron and steel pipes and tubing; Misc. organo-inorganic compounds; and T-shirts, tank tops, knit or crocheted –– accounted for 98.01 percent of all inbound shipments.

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

  • Misc. aircraft parts rose 1555.83 percent compared to last year to $18.91 million.
  • Civilian aircraft, parts fell 95.56 percent compared to last year to $6.65 million.
  • Low value shipments fell 27.82 percent compared to last year to $4.78 million.
  • Miscellaneous machines, parts rose 66.99 percent compared to last year to $3.46 million.
  • Catalytic converters, air filters, oil filters, etc. rose 153.59 percent compared to last year to $2.89 million.

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

  • Gasoline, other fuels totaled $58.23 million. The previous year, there were no imports in this category.
  • Returned exports, without change rose 39.38 percent compared to last year to $9.78 million.
  • Iron and steel pipes and tubing fell 82.38 percent compared to last year to $2.89 million.
  • Misc. organo-inorganic compounds totaled $680,026. The previous year, there were no imports in this category.
  • T-shirts, tank tops, knit or crocheted fell 6.58 percent compared to last year to $467,379.

In the latest annual figures available, Brunei recorded $326.5 million in trade with the United States. Total U.S. exports to Brunei were $ 285.07 million and imports from Brunei were $41.44 million. The U.S. surplus with Brunei was $243.63 million.