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.

Jakarta Post

COVID-19 pandemic looms over Indonesia’s record-high trade surplus

The Jakarta Post Image
Vehicles travel down Jl. Pak Kasih at the Pelindo II-operated Dwikora River Port on the Kapuas River in Pontianak, West Kalimantan. Indonesia recorded a US$2.34 billion trade surplus in February despite disrupted trade activities in China amid the spread of the coronavirus disease, Statistics Indonesia announced on Monday. (The Jakarta Post/Severianus Endi)
Adrian Wail Akhlas
PREMIUM
Jakarta   ●   Mon, March 16, 2020

The spread of COVID-19 is expected to hit Indonesia’s trade surplus, which booked a nine-year high figure in February, as a shortage of raw materials for industry looms over the country, economists and businesspeople have said.

Indonesia recorded a US$2.34 billion trade surplus in February despite disrupted trade activities in China amid the spread of the coronavirus disease, Statistics Indonesia (BPS) announced on Monday. The figure is the first surplus in four months and the highest since September 2011.

The country recorded a total of $13.94 billion in exports in February, an 11 percent increase year-on-year (yoy), supported by increasing shipments of palm oil, gold, vehicles and textile products. Meanwhile, total imports declined 5.11 percent yoy to $11.60 billion as a resul...

to Read Full Story

SUBSCRIBE NOW

Starting from IDR 55,000/month

  • Unlimited access to our content on web and app
  • No advertising, no interruption
  • A bonus subscription to share
  • Bookmark and night mode functions on app
  • Subscription to our newsletters

We accept