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Indonesian trade hits lowest monthly surplus in November: BPS
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Central Statistics Agency (BPS) head Suhariyanto (left) and BPS deputy for statistics distribution and service Yunita Rusanti speak at a press conference on Dec. 15. (JP/Stefani Ribka)
T
he monthly trade surplus hit US$130 million in November, the lowest level this year, the Central Statistics Agency (BPS) announced Friday.
In November, exports increased slightly by 0.26 percent month on month (mom) to $15.28 billion. The increase was lower than imports, which rose 6.42 percent to $15.15 billion.
“The surplus is very thin and it has gone down starkly since September at $1.78 billion. The surplus in October stood at $1 billion,” said BPS head Suhariyanto.
Import growth came from mostly capital goods, which grew 20.65 percent mom to $2.64 billion, followed by consumer goods, which grew 8.22 percent and raw materials at 3.32 percent.
“We hope that this capital goods import growth will affect our economic growth positively at the end of this quarter in terms of investment,” he added.
Non-oil and gas imports grew 1.22 percent and oil and gas imports increased 7.37 percent. Meanwhile, non-oil and gas exports increased 1.82 percent and oil and gas exports declined 14.22 percent.
“The thin export growth was caused mainly by the decline in mining exports in November after it went up significantly in October. Imports, meanwhile, were up in all categories of goods [consumer, raw materials and capital goods],” Suhariyanto explained. (bbn)
