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Brunei

Brunei ranked No. 124 in total trade value through August with a total of $291 million. Exports totaled $254.49 million and Imports totaled $36.51 million, a surplus of $217.97 million.

U.S. trade with Brunei rose to $291 million through August

Brunei’s trade with the United States rose to $291 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.67 percent above its total trade during the same time period last year. U.S. exports to Brunei increased 21.42 percent while U.S. imports from Brunei fell 46.65 percent. The U.S. surplus with Brunei was $217.97 million.

Through August, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 Port of Everett, Wash. No. 2 Port of Honolulu, Hawaii No. 3 Port of Anacortes, Wash. No. 4 John F. Kennedy International Airport and No. 5 Houston’s George Bush Intercontinental Airport, Texas. In the current time period, the top five accounted for 78.89 percent of Brunei’s U.S. trade.

Among those top five:

  • Trade with No. 1 Seattle-Tacoma International Airport rose 249224 percent to $146.66 million.
    Exports rose 274978 percent to $146.65 million. Imports fell 2 percent to $5,399.
  • Trade with No. 2 Port of Houston rose 1690.75 percent to $39.03 million.
    Exports rose 528.47 percent to $13.69 million. Imports rose 2919143 percent to $25.34 million.
  • Trade with No. 3 Port of Corpus Christi, Texas totaled $21.13 million.
    Exports totaled $21.13 million. There were no imports.
  • Trade with No. 4 Dallas-Fort Worth International Airport, Texas rose 390.62 percent to $11.64 million.
    Exports rose 433.42 percent to $11.54 million. Imports fell 53.52 percent to $96,922.
  • Trade with No. 5 John F. Kennedy International Airport fell 18.75 percent to $11.11 million.
    Exports fell 41.74 percent to $6.32 million. Imports rose 69.58 percent to $4.79 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. 130.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Brunei by value through August were the categories of Civilian aircraft, parts; Gasoline, other fuels; Misc. chemical reaction initiators, accelerators; Low value shipments; and Parts for heavy machinery, respectively. They accounted for 78.55 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; Seamless iron tubes and pipes; T-shirts, tank tops, knit or crocheted; and Sweaters, pullovers, vests, knit or crocheted –– accounted for 93.4 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 11.6 percent compared to last year to $151.2 million.
  • Gasoline, other fuels rose 12734 percent compared to last year to $21.3 million.
  • Misc. chemical reaction initiators, accelerators rose 14622 percent compared to last year to $13.4 million.
  • Low value shipments rose 38.57 percent compared to last year to $8.11 million.
  • Parts for heavy machinery rose 366.68 percent compared to last year to $5.91 million.

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

  • Iron and steel pipes and tubing totaled $22.87 million. The previous year, there were no imports in this category.
  • Value added to a returned import rose 81.51 percent compared to last year to $8.65 million.
  • Seamless iron tubes and pipes totaled $1.21 million. The previous year, there were no imports in this category.
  • T-shirts, tank tops, knit or crocheted rose 327.44 percent compared to last year to $697,970.
  • Sweaters, pullovers, vests, knit or crocheted fell 41.07 percent compared to last year to $669,622.

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.