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Jakarta Post

RI's trade balance returns to surplus

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Mon, December 1, 2014   /  04:18 pm

The Central Statistics Agency (BPS) says that the country'€™s trade balance returned to surplus in October 2014 after suffering deficits in the previous few months.

BPS data showed the trade balance enjoyed a US$23.3 million dollar surplus in October this year after suffering a deficit of $270.3 million in the previous month, the largest deficit that Indonesia recorded in the past five months of 2014.

BPS head Suryamin said that Indonesia'€™s exports reached $15.35 billion while its imports stood at $15.33 billion in October.

Based on the volume, he also said that the trade balance recorded a surplus of 30.7 million tons of commodities since the volume of exports reached 43.84 million tons while imports stood at 13.18 million tons.

'€œIn October, we also saw that the figure of non-oil and gas sector trade surplus was bigger than [size of] the oil and gas sector trade deficit,'€ he said.

He said that the non-oil and gas sector recorded a $1.13 billion surplus while the oil and gas sector suffered a $1.11 billion deficit. (nfo)(++++)

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