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Brunei’s trade surplus fell to BND 390.0 million in November 2025 from BND 429.3 million in the same month a year earlier. It was the lowest trade surplus since May, as imports dropped faster than exports. Year-on-year, purchases plunged 10.4% to BND 648.7 million, reflecting weaker demand for mineral fuels (-6.3%) and machinery and transport equipment (-14.7%). Malaysia remained the top import source (50.4% of total %), followed by South Africa (13.1%), China (7.4%), Australia (5.1%), Singapore (4.0%), and the U.S. (3.0%). Meanwhile, exports shrank 9.5% to BND 1.04 billion, primarily due to lower shipments of mineral fuels (-16.4%). Key export destinations included Australia (23.1%), China (15.7%), Japan (12.3%), Singapore (11.3%), and Vietnam (8.5%). For the first eleven months of the year, the trade surplus was at BND 4.92 billion, little changed from a gain of BND 4.91 billion a year earlier, as exports contracted 11.2% while imports slumped 17.4%.