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View all search resultsRI surplus holds despite weaker coal exports, rising imports
The US$2.66 billion surplus in November extended the country’s run of monthly surpluses to 67 consecutive months.
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A barge carrying coal is seen on Oct. 31, 2023, at the dock next to the Suralaya coal-fired power plant in Cilegon, Banten. (AFP/Ronald Siagian)
I
ndonesia posted a trade surplus of US$2.66 billion in November, despite a surge in capital goods imports and weaker commodity exports.
The surplus was larger than October’s $2.39 billion, extending the country’s run of monthly surpluses to 67 consecutive months.
“The trade surplus was primarily underpinned by non-oil and gas commodities, particularly animal and vegetable fats and oils, iron and steel, as well as nickel and related products,” Statistics Indonesia (BPS) Deputy for Distribution and Services Pudji Ismartini said at a press conference on Monday.
These categories generated a combined surplus of $4.64 billion in November, she added.
Exports in November fell 6.60 percent year-on-year to $22.52 billion, dragged down by lower shipments of key commodities including coal, palm oil, nickel metals and copper, BPS data show.
Shipments have moderated in recent months, with mining products bearing the brunt of the slowdown, falling 32.88 percent yoy in November, while manufacturing exports declined 5.09 percent.
Coal export volumes stood at 34.17 million tonnes, down 2.72 percent yoy, while crude palm oil shipments totaled 1.36 million tonnes, plunging 28.86 percent yoy.
