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Oil, gas downfall drags Brunei's exports 30% lower in August

Xinhua, October 15, 2016 Adjust font size:

Brunei's exports in August fell by 31.10 percent to 460.3 million Brunei dollars(331.1 million U.S. dollars) compared to the previous month, due to a sharp decline in oil and gas exports, according to latest official statistics released Saturday.

Oil and gas exports in August hit 386.4 million Brunei dollars, 18.23 percent less than in July. Oil and gas account for more than 80 percent of Brunei's exports, the Department of Economic Planning and Development (JPKE) said.

JPKE said other top exports in August include mineral fuel, machinery and transport equipment and chemicals.

Most of the exports went to Japan, accounting for 43.8 percent of the total, followed by Thailand (15.9 percent) and India (15.8 percent).

JPKE said imports in August reached 318 million Brunei dollars, or 22.26 percent more than the previous month's 260.1 million Brunei dollars.

The main imports were machinery and transport equipment, manufactured goods and food.

Over 20 percent of the imported products came from Malaysia, followed by U.S. (17.8 percent), Singapore (17.5 percent) and China (10.6 percent). Endit