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Trade balance back to positive zone
Indonesia's trade balance swung back into the positive zone in May, posting a surplus of US$69
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ndonesia's trade balance swung back into the positive zone in May, posting a surplus of US$69.9 million after a record monthly deficit in April of $1.96 billion.
Central Statistics Agency (BPS) official Suryamin said Tuesday that the surplus was due to the deceleration of imports after a peak in April in anticipation of the fasting month and Idul Fitri festivities.
Exports reached $14.83 billion in May, up 3.73 percent from figures in April, but down 8.11 percent from the same period last year, according to BPS.
Imports were valued at $14.76 billion, down 9.23 percent from figures in April and a drop of 11.43 percent compared to the same period in 2013.
From January to May, exports topped $73.42 billion, down 3.79 percent as compared to the same period a year ago, while imports stood at $74.24 billion, down 5.76 percent from 2013.
