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Indonesia's exports surged in November: BPS
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Trade surplus - Containers wait at the Jakarta International Container Terminal (JICT) at Tanjung Priok Port in North Jakarta on March 15, 2015. The Central Statistics Agency (BPS) announced that Indonesia posted a trade surplus of US$0.84 billion.
(Tempo/Tony Hartawan)
T
he Central Statistics Agency (BPS) says the nation’s trade surplus amounted to US$0.84 billion in November, backed by rising exports and imports.
Indonesia’s November exports increased by 21.34 percent year-on-year to $13.5 billion, mainly supported by higher exports of coal and crude palm oil to India and China, BPS deputy head of distribution and statistics Sasmito Hadi Wibowo said Thursday.
“The spectacular increase in exports occurred in both the non-oil and oil sectors […]. The highest jump was in non-oil exports of animal fat and vegetable oil products, which accounted for $366.1 million,” he said.
Imports meanwhile grew by 9.88 percent to $12.66 billion in November compared to the same period last year. The increase was triggered by higher non-oil imports of machinery and electrical equipment, while the biggest drop was for ships.
“Imports of machinery and electrical equipment still posted the highest growth, especially [imports of] mobile phones from China,” he said.
“That brought the November trade surplus to $0.84 billion,” he added. (win/dmr)
