TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia sees US$1.2 billion surplus in September trade

News Desk (The Jakarta Post)
Jakarta
Mon, October 17, 2016

Share This Article

Change Size

Indonesia sees US$1.2 billion surplus in September trade An artist works on silver jewelry at Celuk village in Gianyar, Bali. The Central Statistics Agency (BPS) has revealed that jewelry and gems recorded the largest month-on-month decline among non-oil exports in September by US$137 million. (Shutterstock/-)

T

he Central Statistics Agency (BPS) has revealed that the country’s trade balance reached a US$1.22 billion surplus in September 2016, the highest figure for the past 13 months.

Exports retreated by 1.84 percent month-on-month in September to $12.51 billion as oil and gas exports slumped by 6.78 percent, while non-oil and gas shipments saw a 1.35 percent decline.

“Jewelry and gems recorded the largest decline among non-oil exports in September compared to August this year by $137 million or 25.49 percent,” BPS head Suhariyanto said during a press conference in Jakarta on Monday.

On the import side, the country saw an 8.78 percent drop in September to $11.3 billion. The drop was triggered by low imports of machinery and mechanical equipment that stood at $98.9 million or 5.17 percent.

The total imports throughout nine months of the year stood at $98.69 billion and dipped by 8.61 percent compared to the previous year. It was still lower than the total export, which during the same period experienced a 9.41 percent drop at $104.36 billion.

“Thus, the cumulative trade balance from January to September recorded a surplus of $5.67 billion. Despite the surplus, in comparison of January to September 2015, our trade was still negative because of the weak global demand and low commodity prices worldwide,” he said. (win/ags)

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.