Indonesia reported the trade surplus in March worth of US$740 million, lowered than February surplus $2.34 billion, it said today (04/15) - Photo by BPS Office

JAKARTA (TheInsiderStories) – Indonesia reported the trade surplus in March worth of US$740 million, lowered than February surplus $2.34 billion, it said today (04/15). The decreased caused of the lower commodity prices and other factors, said the chief Suhariyanto in a video conference today .

Indonesia’ export value in March 2020 reached $14.09 billion, an increase of 0.23 percent compared to February 2020′ exports worth of $13.94 billion. While compared to March 2019, it decreased 0.20 percent.

In the same mont, non-oil and gas exports recorded $13.42 billion, up 1.24 percent compared to February 2020. Likewise compared to non-oil and gas exports in March 2019, up 3.38 percent.

Cumulatively, the value of Indonesia’ exports until March worth of $41.79 billion, an increase of 2.91 percent over the same period in 2019, as well as non-oil and gas exports reached $39.49 billion or an increase of 6.39 percent.

The biggest increase in non-oil and gas exports in March 2020 against February 2020 occurred in iron and steel by $220.9 million (36.19 percent), while the biggest decrease occurred in vehicles and parts by $93.8 million (12.50 percent).

By sector, non-oil exports of the processing industry from January to March 2020 rose 10.11 percent compared to the same period in 2019, as well as exports of agricultural products rose 16.23 percent, while exports of mining products and others fell 12.33 percent.

The largest non-oil and gas exports in March 2020 were to China $1.98 billion, followed by the United States $1.57 billion and Japan $1.14 billion, with the contribution of the three reaching 34.99 percent. While exports to the European Union (27 countries) amounted to $1.22 billion.

According to the province of origin of goods, Indonesia’ largest exports in January-March 2020 came from West Java with a value of $7.17 billion (17.16 percent), followed by East Java with a value of $4.99 billion (11.95 percent) and East Kalimantan with a value of $3.85 billion (9.22 percent).

Import

Indonesia’ import value in March reached $13.35 billion, up 15.60 percent compared to February 2020 and when compared to March 2019, it dropped 0.75 percent. Non-oil and gas imports in March worth of $11.74 billion, up 19.83 percent compared to February. However, compared to March 2019, it dropped 1.56 percent.

Oil and gas imports in March reached $1.61 billion, down 8.07 percent compared to February 2020. Conversely, increased by 5.64 percent when compared to March 2019. The biggest increase in non-oil and gas imports in March compared to February was the machinery and electrical equipment group of U$422.8 million (35.60 percent) and the largest decrease was the machinery and mechanical equipment group of $97.5 million (5.09 percent).

The three largest non-oil and gas importing goods suppliers in January – March were occupied by China with a value of $8.91 billion (26.34 percent), Japan with a value of $3.60 billion (10.63 percent), and Thailand with a value of $2.26 billion (6.67 percent). Non-oil and gas imports from ASEAN were $7.16 billion (21.18 percent), while from the European Union were $2.61 billion (7.72 percent).

The import value of raw or auxiliary materials and capital goods during January – March decreased compared to the same period the previous year, respectively 2.82 percent and 13.07 percent. In contrast, the import value of consumer goods groups increased 7.11 percent.

Written by Staff Editor, Email: theinsiderstories@gmail.com