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RI records $433.8m trade surplus in August
Trade surplus: The Central Statistics Agency (BPS) says Indonesiaâs trade balance gains a surplus of US$433
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Trade surplus: The Central Statistics Agency (BPS) says Indonesiaâs trade balance gains a surplus of US$433.8 million for August. (bps.go.id) (BPS) says Indonesiaâs trade balance gains a surplus of US$433.8 million for August. (bps.go.id)
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span class="inline inline-center">Trade surplus: The Central Statistics Agency (BPS) says Indonesia's trade balance gains a surplus of US$433.8 million for August. (bps.go.id)
Indonesia had a US$433.8 million trade surplus in August, which was triggered by a $1.01 billion surplus in the non-oil and gas sector, the Central Statistics Agency (BPS) said in a release in Jakarta on Tuesday. On the oil and gas sector, it further said, Indonesia suffered a trade deficit of $580 million.
'Indonesia's trade balance gained a surplus of $433.8 million for August, in which exports were recorded to reach $12.78 billion, while imports amounted to $12.27 billion,' BPS head Suryamin said as quoted by Antara in Jakarta on Tuesday.
In terms of volume, Suryamin said, the country's trade balance also had a surplus of 28.94 million tons, which was pushed by a trade surplus of 29.26 million tons in the non-oil and gas sector. Meanwhile, the oil and gas sector suffered a deficit of 320,000 tons.
The BPS head said Indonesia's exports were recorded at $12.70 billion in August, or up by 10.79 percent from July. August's export figure showed a 12.28 percent decline from the same period last year.
Meanwhile, the country's imports reached $12.27 billion in August, up by 21.69 percent from July and down by 17.06 percent from the same period in 2014.
'Cumulatively, Indonesia's trade balance showed a surplus of $6.22 billion from January to August,' said Suryamin. The country's exports totaled to $102.52 billion from January to August, while imports reached $96.30 billion. (ebf)(++++)
