Indonesia posted a trade surplus US$2.09 billion in May due to lower imports, the statistic bureau reported today (06/15) - Photo: Special

JAKARTA (TheInsiderStories) – Statistics Indonesia reported the trade deficit in January worth of US$870 million, said the head Suhariyanto today (02/17). During 2019, the trade deficit declined sharply to $3.20 billion in 2019 from an $8.69 billion recorded a year earlier.

Total exports recorded $13.41 billion, down 3.71 percent compared to last year (YoY) and 7.16 percent compared to last December. Value of imports recorded $14.28 billion or dropped 4.78 percent in annual basis and lowered 1.60 percent compared to previous month.

In export side, non-oil and gas exports reached $12.61 billion, down 5.33 percent compared to December and minus 0.69 percent from January 2018. The biggest decrease in non-oil and gas exports in January 2020 against December 2019 occurred in animal, vegetable fats and oils by $703.2 million (34.08 percent).

While the biggest increase occurred in precious metals, jewelry and gems by $219.0 million (57, 84 percent). By sector, non-oil exports of the processing industry in January rose 3.16 percent compared to the same month in 2019, as well as exports of agricultural products rose 4.54 percent, while exports of mining products and others fell 19.15 percent.

The largest non-oil and gas exports in January 2020 were to China at $2.10 billion, followed by the United States at $1.62 billion and Japan at $1.12 billion, with the contribution of the three reaching 38.41 percent. While exports to the European Union (28 countries) amounted to $1.18 billion.

According to the province of origin of goods, Indonesia’ largest exports in January came from West Java with a value of $2.34 billion (17.47 percent), followed by East Java at $1.58 billion (11.76 percent), and East Kalimantan at $1.26 billion (9.38 percent).

Non-oil and gas imports in January reached $12.29 billion, down 0.69 percent compared to December 2019. Likewise, compared to January 2019, it dropped by 7.85 percent.

Oil and gas imports in January 2020 worth of $1.99 billion, down 6.85 percent compared to December 2019. Conversely, compared to January 2019, it increased by 19.95 percent.

Compared to December 2019, the largest decrease in non-oil and gas imports during January was fruit group of $180.4 million (76.21 percent), while the largest increase was vehicle group and its share of $189.9 million (43.36 percent).

The biggest non-oil and gas importing supplier countries during January 2020 were occupied by China with a value of $3.95 billion (32.11 percent), Japan $1.09 billion (8.90 percent), and Singapore $0.79 billion (6.42 percent). Non-oil and gas imports from ASEAN 19.29 percent, while from the European Union 9.32 percent.

The import value of the use of both consumer goods and capital goods during January decreased compared to the same month the previous year, namely 11.19 percent and 8.99 percent. On the other hand, the import value of raw / auxiliary materials increased by 1.67 percent.

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