Brunei’s import of Aluminium Structures during 2019-20 records growth; 2021 forecasts downfall

It has been said that quiet is sometimes the best way to control a pandemic.  As per Australian Institute of International Affairs, Brunei is Southeast Asia’s most overlooked nation and it has proven its bureaucratic brass and state system functionality, and its success gives credence to its effective leadership and recent reforms in the sultanate. Since its first officially reported case on 9th March’20, the sultanate has suffered some 141 confirmed cases with only three deaths, while the remaining 138 victims are in recovery as of 8th July’20. Presently, Brunei has no active cases and has not reported any new cases in two months.

Brunei still encounters difficult challenges as it looks beyond the coronavirus pandemic, despite the success over the past few months. The collapse of global oil and gas prices hit Brunei especially hard, and the government will continue to run a record deficit for some time.

The small nation on the island of Borneo has recorded 1101 tonnes of aluminium structures during 2019-20 and the expenditure occurred for the import stood at $3.76 million. The import for 2021 is predicted to reach 511 tonnes and the expenditure to stand at $2.10 million.

Brunei’s import of aluminium structures in 2019 stood at 453 tonnes and the expenditure accounted for the import remained at $1.01 million, whereas, in 2020, the import grew by 23.17%, as the import volume rose to 453 tonnes and the expenditure also shot up to $2.75 million.

The import for 2021 has been analysed with downfall by 8.42%, as the import volume is expected to drop at 511 tonnes and the expenditure also to stand at $2.10 million.

Brunei’s major trading destinations for the import of aluminium structures are Belgium, China, Greece, Malaysia and Netherlands.