JAKARTA (TheInsiderStories) – Indonesia posted trade surplus of US$837.8 million in November, dropped 44.56 from previous month worth $1.21 billion in October and almost same with last year. Data issued by the Central Bureau of Statistics (BPS) showed that Indonesia posted exports of $13.50 billion and imports $12.66 billion.
The agency reported, cumulatively from January to November 2016 the trade surplus recoderd $7.79 billion. The largest export portion is animal vegetable fats and oils $16.05 billion and fuels $13.06 billion
Sasmito Hadi Wibowo, Deputy Head of Distribution and Services Statistics Central Statistics Agency (BPS) in a press conference at the Central Office BPS explained, Indonesian exports amountrose 21.34% compared with the same period in the previous year.
Meanwhile, when compared to October 2015, then there is a 5.91 percent rise. Especially for oil and gas rose from $1.06 billion to $1.10 billion and non-oil rose from $11.69 billion to $12.39 billion.
“The increase in exports compared to last year was 21.34% higher,” He said.
Total exports in January to November reached $130.65, down 5.63 percent (yoy) and non-oil dropped 1.96 percent to $118.80 billion.The largest portion is animal vegetable fats and oils $16.05 billion and fuels $13.06 billion.
Based on destination markets, export to United States reached $14.22 billion, China’s $13.23 billion, Japan’s $11.97 billion, ASEAN $28.02 billion and EU $12.98 billion.
Total imports during January to November was $ 122.9 billion, down 5.94 percent (yoy). Oil and gas imports recorded $1.76 billion and Non-oil $10.90 billion while special non-oil dropped 1.87 percent to $105.8 billion.
The largest import market share are China’s with total amount $27.55 billion, Japan $11.84 billion, Thailand $7.95 billion, ASEAN $22.82 billion and EU $9.72 billion.