​International Merchandise Trade Index (IMTI) Fourth Quarter 2024 and Annual 2024, Brunei Darussalam

26 March 2025

In 2024, the total exports value increased by 1.9 percent, driven by a rise in the exports unit value index (0.7 percent) and the exports volume index (12.4 percent). The growth was mainly attributed to higher exports of Machinery and Transport Equipment, Manufactured Goods, and Mineral Fuels. Meanwhile, the exports volume index increased due to a rise in Mineral Fuels, Chemicals, and Beverages.

In the fourth quarter (Q4) of 2024, the exports volume index fell by 4.1 percent compared to Q4 2023. This decrease was mainly due to lower exports of Machinery and Transport Equipment (-23.4 percent), Mineral Fuels (-4.6 percent), and Crude Materials Inedible (-4.0 percent). The decline in the exports volume index led to a decrease in exports value, from BND 4,177.3 million in Q4 2023 to BND 3,371.8 million in Q4 2024. 

The exports unit value index fell by 13.8 percent compared to the same quarter of the previous year. This decline was primarily driven by lower prices in Chemicals (-20.3 percent), Mineral Fuels (-14.0 percent), and Miscellaneous Manufactured Articles (-8.1 percent). 

Imports unit value index and volume index 

Total imports in 2024 recorded a decrease of 2.6 percent. This was due to a decrease in the imports unit value index by 3.6 percent, while the imports volume index increased by 0.9 percent. The imports unit value index fell due to decreases in the indices of Manufactured Goods (-8.4 percent), Chemicals (-6.4 percent), and Mineral Fuels (-5.2 percent). Meanwhile, the increase in the imports volume index was driven by Manufactured Goods (7.6 percent), Machinery and Transport Equipment (1.2 percent), and Mineral Fuels (0.5 percent) 

The imports unit value index recorded a decline of 13.2 percent. This decrease was driven by a decline in the unit value of Manufactured Goods (-28.6 percent), Chemicals (-21.8 percent), and Mineral Fuels (-21.2 percent). 

Meanwhile, the imports volume index in Q4 2024 increased by 0.8 percent. This was driven by higher imports of Manufactured Goods, which rose by 5.4 percent, followed by Miscellaneous Manufactured Articles at 4.2 percent, and Food at 3.0 percent. 

International Merchandise Trade Index (IMTI) measures the changes of unit value and volume of imports and exports commodities in Brunei Darussalam within a specific period of time. The index can be useful in the analysis of competitiveness in the global market, measurement and forecasting of inflation and compilation of national accounts. The full report of IMTI Q4 2024 and Annual 2024 is available from DEPS’s website at https://deps.mofe.gov.bn/