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Exports in June drop 4% compared to last year
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Workers load Indonesian-made train cars onto a ship at Tanjung Perak Port in Surabaya, East Java, in March. The cars were part of a total 150 exported to Bangladesh. (ANTARA FOTO/Zabur Karuru)
D
espite scoring the highest export value of the past year in June, Indonesia saw a 4 percent year-on-year export decrease during the month to US$12.92 billion compared to $13.44 billion in June 2015.
On a month-on-month (mm) basis, export value increased 12.18 percent compared to May 2016. Oil and gas exports rose 23.92 percent mm from $960 million to $1.19 billion while non-oil and gas exports climbed 11.12 percent in the same period from $10.55 billion to $11.73 billion.
“June’s exports were the highest [in the last year]. Hopefully it indicates good signs for the following months,” Central Statistics Agency (BPS) head Suryamin said at a press conference in Jakarta on Friday.
Likewise, June’s imports also experienced an increase of 7.86 percent mm to $12.02 billion. Oil and gas imports rose 1.02 percent to $1.69 billion, while non-oil and gas imports climbed 9.07 percent to $10.33 percent.
“But it fell 7.41 percent compared to imports in June 2015,” Suryamin explained.
With the jump in June exports, the BPS recorded a trade surplus of $900.2 million, which grew significantly compared to the figure in May of $375.6 million. “Cumulatively, the trade surplus from January to June stood at $3.59 billion, from $69.51 billion of exports and $65.92 billion of imports,” he said. (ags)
