JAKARTA (TheInsiderStories) – Indonesia recorded trade balance surplus for ninth straight month in August at $433.8 million, narrowed from a revised trade surplus of $1.38 billion in July to $as imports grew faster than exports, the Central Bureau of Statistics (BPS) reported.
Exports in August reached $12.70 billion, increased 10.79 percent from July, but dropped 12.28 percent compared to the same month last year. Imports reached $12.27 billion, surged 21.69 percent from previous month, but dropped by 17.06 percent in August 2014, the BPS data shows.
Non-oil and gas exports reached US$11.17 billion, up 11.23 percent from July 2015, but down 5.99 percent compared to the same month last year. The cumulative exports figure in January-August 2015 reached $102.52 billion, or down 12.7 percent, while non-oil and gas exports reached $89.6 billion or down 7.3 percent.
Non-oil and gas imports stood at $10.16 billion in August, up 30.48 percent from July 2015, but fell 10.82 percent from the same month last year. The cumulative imports in the eight months to August reached $96.3 billion or down 18.96 percent compared to the same period last year. The cumulative oil and gas imports reached $17.50 billion in August, fell 40.41 percent from a year earlier, while non-oil and gas cumulative imports reached $78.8 billion or fell 11.92 percent.
United States was the biggest export destination in August valued at $1.33 billion, followed by China ($1.11 billion), Japan (1.05 billion). The value of exports to the three countries reached 31.24 percent of Indonesia’s non-oil and gas exports. Exports to the 27 EU countries reached $1.23 billion.
The Head of BPS Suryamin said China remained as the biggest export destination in the eight months to August, with exports value of $19.2 billion (24.13 percent of total exports), followed by Japan valued at 9.15 billion (11.62 percent) and Singapore $5.81 billion (7.34 percent of total exports). (*)
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