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.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsIndonesia sees US$1.2 billion surplus in September trade
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
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)
