JAKARTA (TheInsiderStories) - Head of the statistics bureau, Suhariyanto, reported Indonesia posted a trade surplus of US$1.57 in March. During last month, he elaborated, export grew 20.31 percent to $18.35 billion compared to February and increased 30.47 from a year ago
While, imports were recorded at $16.79 billion, an increase of 26.55 percent in monthly basis and 25.73 in annual basis. Based on the official data released today, non-oil and gas exports in March 2021 reached $17.45 billion, up 21.21 percent compared to February and rose 30.07 percent compared to March 2020.
Cumulatively, Indonesia’ export values from January to March 2021 amounted to $48.90 billion, an increase of 17.11 percent over the same period in 2020 and non-oil and gas exports reached $46.25 billion, rose 17.14 percent from a year ago. The largest increase in non-oil and gas exports was in animal and vegetable fats and oils of $1,167.1 million (67.90 percent) and the largest decreased in vehicles and their spare parts amounting at $16.7 million (2.06 percent) .
By sector, non-oil and gas exports from the processing industry rose 18.06 percent over the same period in 2020, as well as exports of agricultural products up 14.61 percent and exports of mining products and others up 12.10 percent.
The largest non-oil and gas exports in March were to China $3.73 billion, followed by the United States $2.07 billion, and Japan with $1.38 billion, with the contribution of the three reaching 41.12 percent. While, exports to the Southeast region and the European Union (27 countries) were $3.46 billion and $1.44 billion, respectively.
According to the province, Indonesia’ largest exports came from West Java with total values of $8.14 billion (16.65 percent), East Java worth of $5.22 billion (10.68 percent), and Riau at $4. 44 billion (9.07 percent).
IMPORT
Suhariyanto also reported, oil and gas imports in March were valued at $2.28 billion, up 74.74 percent compared to February 2021 or up 41.87 percent compared to March 2020. Then, non-oil and gas imports at $14.51 billion, up 21.30 percent compared to February and jumped by 23.52 percent compared to March 2020.
The largest increase in imports of non-oil and gas goods in March compared to February was iron and steel amounted to $398.4 million (63.34 percent) and the largest declined was in animal, vegetable fats, and oils at $17.2 million (40.97 percent). The three largest suppliers of imported non-oil and gas goods until March were China $12.04 billion (31.48 percent), Japan $3.13 billion (8.19 percent), and South Korea $2.34 billion (6.12 percent).
Non-oil and gas imports from ASEAN $7.16 billion (18.71 percent) and the European Union $ 2.41 billion (6.31 percent). According to the category of use of goods, the value of imports from January to March against the same period of last year saw an increase in consumer goods of $516.0 million (14.62 percent), raw and auxiliary materials of $3,024.9 million (10.16 percent), and capital goods of $672.2 million (11.47 percent).
“Indonesia’ trade balance in March 2021 experienced a surplus of $1.57 billion, which came from the non-oil and gas sector of $2.94 billion. Meanwhile, in the oil and gas sector there was a deficit of $1.37 billion,” concluded by Suhariyanto.
Written by Editorial Staff, Email: theinsiderstories@gmail.com
