(Bandar Seri Begawan, 13th) The export volume index for the third quarter of 2024 (Q3) increased by 14.4% compared to the same period last year.
The growth was mainly driven by increases in the export volume index of non-edible raw materials (26.9%), machinery and transport equipment (16.9%), and mineral fuels (15.4%).
However, the export unit value index dropped by 4.9%, leading to a decrease in export value from 4.092 billion to 3.609 billion.
The drop in the export unit value index was mainly due to an 18.5% decrease in the index of miscellaneous manufactured goods, caused by a drop in the unit value of professional, scientific and controlling instruments and apparatus.
Subsequently, the manufactured goods index decreased by 7.2%, and the chemicals index dropped by 6.1%.
The import unit value index decreased by 6.8% compared to the previous year, with imports dropping from 2.6245 billion to 2.3833 billion.
The decline was mainly due to drops in the index of manufactured goods (22.5%), mineral fuels (9.8%), and machinery and transport equipment (0.4%).
The import volume index for the third quarter of 2024 declined by 1.1%, primarily due to a 10.1% drop in the mineral fuels index, attributed to a decrease in the import volume of petroleum and related materials.
Subsequently, the quantity index for chemicals (8.0%) and manufactured goods (6.0%) also decreased.
The International Merchandise Trade Index (IMTI) measures changes in the unit value and quantity of Brunei's imported and exported goods over a specific period.
This index can be used to analyze global market competitiveness, gauge and predict inflation, and assist in compiling national accounts.
However, the export unit value index dropped by 4.9%, leading to a decrease in export value from 4.092 billion to 3.609 billion.
The drop in the export unit value index was mainly due to an 18.5% decrease in the index of miscellaneous manufactured goods, caused by a drop in the unit value of professional, scientific and controlling instruments and apparatus.
Subsequently, the manufactured goods index decreased by 7.2%, and the chemicals index dropped by 6.1%.
The import unit value index decreased by 6.8% compared to the previous year, with imports dropping from 2.6245 billion to 2.3833 billion.
The decline was mainly due to drops in the index of manufactured goods (22.5%), mineral fuels (9.8%), and machinery and transport equipment (0.4%).
The import volume index for the third quarter of 2024 declined by 1.1%, primarily due to a 10.1% drop in the mineral fuels index, attributed to a decrease in the import volume of petroleum and related materials.
Subsequently, the quantity index for chemicals (8.0%) and manufactured goods (6.0%) also decreased.
The International Merchandise Trade Index (IMTI) measures changes in the unit value and quantity of Brunei's imported and exported goods over a specific period.
This index can be used to analyze global market competitiveness, gauge and predict inflation, and assist in compiling national accounts.