JAKARTA (TheInsiderStories) – Indonesia’s trade surplus reached US$1.63 billion in June 2017,the Central Bureau of Statistics (BPS) reported. In June 2016, Indonesia’s trade surplus was $880 million.
The trade surplus supported by $1.96 billion surplus in non oil and gas sector while oil and gas sector posted deficit of $330 million,
Considering January to June 2017, the trade surplus was recorded $7.63 billion with exports rising by 14.03 percent compared to the same period a year earlier to $79.63 billion while imports increasing by 9 percent to $72.33 billion.
On trade volume, Indonesian trade in June posted surplus of 28.25 million tons, with non oil and gas’ surplus reaching 28.40 million tons. While trading in oil and gas experienced a deficit of 150,000 tons.
However, exports decreased 11.82 percent from a year earlier to $11.64 billion in June of 2017, compared to an upwardly revised 24.59 percent rise in May. It was the first time fall after eighth straight month of increase, as sales of non-oil and gas products fell 13.85 percent to $10.35 billion while those of oil and gas rose by 8.74 percent to $1.29 billion.
Compared to the previous month, exports went down 18.82 percent, as non-oil and gas products decreased by 20.66 percent while sales oil exports edged down by 0.38 percent. Sales decreased to the ASEAN countries (-26.77 percent), the EU countries (-14.33 percent), Japan (-18.15 percent), the USA ( -22.02 percent), India (-24.04 percent), China (-10.24 percent) Australia (-16.60 percent), South Korea (-10 percent), and Taiwan (-32.31 percent).
The cumulative value of Indonesian exports in January-June 2017 reached $79.96 billion or an increase of 14.03 percent over the same period in 2016, while non-oil exports reached $72.36 billion, an increase of 13.73 percent.
The largest decline of non-oil & gas exports in May to June 2017 occurred in fat & vegetable oil of $308.2 million (fell 16.48 percent), while the largest increase occurred in pulp and paper of $32.6 million, up 20.05 percent.
According to the sector, non-oil & gas exports for processing industry increased 10.05 percent in January-June 2017, as well as exports of agricultural products rose 23.44 percent and exports of mining and other products increased 37.23 percent.
According to province based, Indonesia’s largest export in January–June 2017 came from West Java with $13.63 billion (17.05 percent), followed by East Java of $8.82 billion (11.02 percent) and East Kalimantan $8.44 billion (10.55 percent).
Otherwise, the value of Indonesian imports in June 2017 also fell 27.26 percent compared to May 2017, and declined 17.21 percent compared to June 2016. Non-oil & gas imports in June 2017 reached $8.40 billion, declined 29.88 percent from May 2017, and down 18.65 percent from June last year.
Oil and gas imports in June 2017 reached $1.61 billion or down 9.79 percent from previous month, and fell 8.8 percent from June last year. The largest increase in non-oil imports in June 2017 compared to May 2017 was ship and floating buildings of $171.1 million (295.51 percent), while the largest decline was machinery and electricity equipment of $559.1 million (35.15 percent).
The country’s largest non-oil/gas imports supplier during January-June 2017 was China with $15.76 billion (25.96 percent), Japan $6.77 billion (11.15 percent) and Thailand $4.42 billion (7.28 percent). Non-oil imports from ASEAN are 20.75 percent, while the European Union is 9.23 percent.
The import value of all categories of good use of consumer goods, raw materials/auxiliaries and capital goods during January-June 2017 increased 9.50 percent, 11.26 percent and 2.06 percent respectively, compared to the corresponding period of last year. (EV)