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Brunei Economic analysis

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Tips:Economic analysisIn 2007 Brunei economy would still be remain in oil, natural gas, which would account for a proportion
 Economic analysis
In 2007 Brunei economy would still be remain in oil, natural gas, which would account for a proportion of gross domestic product (GDP) was 67.3%. Overall, in 2007, the Brunei Economic performance better was mainly due to world market crude oil, natural gas prices continue to rise and the government tighten the fiscal spending policies.
The stable development of bilateral trade of the Chinese- Brunei 
In 2007,the bilateral trade between Chinese-Brunei was growing steady.The annual bilateral trade amounted to $ 355 million,which broke the record with a year-on-year growth of 12.2%. The value of China's exports to Brunei was about $ 113 million with a year-on-year growth of 13.1 percent. The value of Brunei's exports to China was about $ 242 million with an increase of 12.5%. Our country mainly exports manufactured goods, chemical products, daily necessities, machinery and transport equipment, food products,and oil is still mainly imports from Brunei.
The problem in the development of Brunei Economic
The single economic structure is not substantially change. Its economy is easy affect by the fluctuations in the international oil market. Garment export was the third in the accounted for in the original export earnings in Brunei. In recent years as the global textile trade integration, it had lost the advantages of quota restrictions. Once it was thriving,but  Brunei garment processing industry is gradually shrinking now. The diversification of economy is going slowly, and not effective.
 
 


Keyword: Brunei Economic analysis

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