Indonesia's trade deficit declined to US$1.33 billion in November 2019 after a surprise of $161.3 million surpluses in the prior month - Photo by TheInsiderStories.

JAKARTA (TheInsiderStories) – Indonesia’s trade deficit declined to US$1.33 billion in November 2019 after a surprise of $161.3 million surpluses in the prior month and from $2.05 billion in the same month a year earlier, Statistics Indonesia data showed today (12/16), as export fell to $ 14.01 billion and import went on $15.34 billion.

“Considering the first eleven months of the year, the trade deficit narrowed sharply to $3.09 billion from $5.58 billion in the same period of 2018,” head of the central statistics agency Suhariyanto told the media in Jakarta.

Suhariyanto detailed, export in November fell 6.17 percent to $14.01 billion from a month earlier and dropped 5.67 percent over the same period a year earlier. non-oil and gas products reached $12.90 billion, down 7.92 percent over the previous month, and fell 4.68 percent from the same period in 2018.

Cumulatively, exports in January-November reached $153.11 billion, down 7.61 percent compared to the same period in 2018, as well as non-oil and gas products decreased 5.71 percent to $141.67 billion. The biggest fell in ore, slag, and metal ash by $239.6 million, up 46.78 percent. While the largest increase in animal/vegetable fats and oils by $131.2 million, went on 8.69 percent.

By sector, non-oil products of the processing industry fell 3.55 percent compared to the same period in 2018, mining and other products fell 16.35 percent, and agricultural products rose by 3.50 percent.

Most non-oil and gas products went to China of $2.42 billion, followed by the United States at $1.48 billion and Japan $1.11 billion, with the contribution of the three reaching 38.81 percent. While exports to the European Union (28 countries) amounted to $1.14 billion.

“The largest export came from West Java with $ 27.71 billion (18.09 percent), followed by East Java $ 17.08 billion (11.16 percent) and East Kalimantan $ 15 .3 billion (9.82 percent),” the data showed.

On the opposite, imports in November reached $15.34 billion, up 3.94 percent from a prior month, but fell 9.24 percent from the same period in 2018. Non-oil and gas products reached up 1.55 percent from October to $13.21 billion but dropped 5.91 percent from the same period year earlier.

Then, the oil and gas sector reached $2.13 billion, up 21.60 percent compared to the prior month and down 25.55 percent compared to November 2018, according to the data.

The most increase in non-oil and gas products was the machinery and electrical equipment group of $146.8 million (8.13 percent), while the largest decrease was the cereal group of $69.8 million (22.83 percent).

The top suppliers of non-oil and gas imported goods were occupied by China with $ 40.51 billion (29.68 percent), Japan $14.50 billion (10.63 percent), and Thailand $8.68 billion ( 6.36 percent), ASEAN $26,867.5 (19.69 percent), European Union $11,250.2 (8.24 percent).

“The import value of all categories of goods, both consumer goods, raw/auxiliary goods, and capital goods, during January-November decreased compared to the same period the previous year at 6.07 percent, 11.40 percent, and 4.81 percent, respectively,” Suhariyanto ended.

Written by Lexy Nantu, Email: lexy@theinsiderstories.com