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Jakarta Post

Trade surplus not permanent: Experts

  • Winny Tang and Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Sat, March 16 2019   /  12:42 am

The government should not assume that the trade surplus it recorded in February will be sustained as global economic uncertainty will put continuous pressure on Indonesia’s exports, economists have warned.The country recorded a US$329.5 million surplus in February, thanks to a steep drop in imports, Statistics Indonesia (BPS) announced on Friday.The surplus marks a turnaround from the trade deficit of $1.06 billion booked in January.Exports declined 10.03 percent month-to-month (mtm) to $12.53 billion in February, driven by a 9.85 percent mtm decline in non-oil and gas exports to $11.44 billion and an 11.85 percent decline in oil and gas exports to $1.09 billion.However, imports dropped much more, falling 18.61 percent mtm to $12.2 billion, due to a 20.14 percent mtm decline in non-oil and gas imports to $10.6 billion and a 6.28 percent mtm decline in oil and gas imports to $1.55 billi...