| Latest Highlights
H1 2024
The Brunei Darussalam’s current account in balance of payments (BOP) recorded a surplus of BND1,927.9 million in first half 2024, accounted by surplus of Goods and Primary Income amounted at BND2,892.2 million and BND235.9 million respectively. Goods account recorded surplus mainly contributed by exports of Mineral Fuels (BND6,106.5 million) and Chemical (BND1,721,1 million). Primary Income account recorded surplus due to increase receipts of income from investments via non-residents.
Meanwhile, the Financial Account recorded BND1,618.0 million in first half 2024, mainly contributed by Other Investments (BND1,088.8 million) and Portfolio Investments (BND681.1 million).
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Summary Data
BND million
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2020 |
2021 |
2022 |
2023 |
H1 2024p | |
Current Account | 748.4 | 2,110.0 | 4,501.0 | 2,611.0 | 1,927.9 | | Goods | 1,910.7 | 3,600.3 | 7,105.3 | 5,103.2 | 2,892.2 | | Exports | 9,026.5 | 14,783.4 | 19,484.0 | 15,094.1 | 8,063.5 | | Imports | 7,115.8 | 11,183.1 | 12,378.6 | 9,990.9 | 5,171.3 | | Services | (1,178.6) | (935.9) | (1,169.5) | (1,749.3) | (839.1) | | Receipts | 485.9 | 269.3 | 388.2 | 456.6 | 253.1 | | Payments | 1,664.5 | 1,205.2 | 1,557.7 | 2,205.9 | 1,092.2 | | Primary Income | 499.1 | 120.5 | (509.7) | 260.6 | 235.9 | | Receipts | 1,268.6 | 1,288.3 | 757.4 | 1,286.2 | 669.2 | | Payments | 769.4 | 1,167.8 | 1,267.2 | 1,025.6 | 433.3 | | Secondary income | (482.9) | (674.9) | (925.2) | (1,003.4) | (361.1) | | Receipts | 64.2 | 89.3 | 67.1 | 77.2 | 49.7 | | Payments | 547.1 | 764.2 | 992.3 | 1,080.7 | 410.8 | | | | | | | | |
Capital Account | - | - | - | - | - | | | | | | | | |
Financial Account | 363.8 | (160.5) | 3,290.7 | 2,473.4 | 2,020.8 | | Direct Investment Abroad | - | - | - | - | - | | Direct Investment in Brunei | 796.7 | 275.1 | (403.2) | (68.6) | (250.9) | | Portfolio Investment Assets | 1,647.2 | (318.7) | 628.7 | (363.8) | 681.1 | | Portfolio Investment Liabilities | - | - | - | - | - | | Other Investment Assets | (728.6) | 292.6 | 1,196.5 | 1,841.2 | 721.1 | | Other Investment Liabilities | (241.8) | (140.8) | (1,062.3) | (927.5) | (367.7) | | Current+capital-financial account balance | 384.6 | 2,270.5 | 1,210.3 | 137.6 | (92.6) | | | | | | | | |
Net Errors and Omissions | (996.0) | (797.7) | (1,103.6) | (1,076.0) | (309.9) | |
Reserve Assets | (611.4) | 1,472.8 | 106.6 | -938.4 | (402.9)
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