Indonesia trade surplus narrows to US$497 million in March

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Tanjung Priok foto 2 - source Pelindo II

JAKARTA (TheInsiderStories) – Indonesia posted trade surplus of US$497 million in March, after posting trade surplus of US$1.14 billion in February, as imports grew at faster pace than exports growth.

Data issued by the Central Bureau of Statistics (BPS) showed on Friday that Indonesia posted exports of US$11.793 billion in March from previous month of US$11.312 billion, or up 4.25 percent, but fell by 13.5 percent from the same months in 2014 at US$13.634 billion.

Non-oil and gas exports in March reached US$10.56 billion, up 3.58 percent from February, but fell 9.29 percent from March last year.

Exports in the January-March period amounted to US$33.59 billion, or fell 14 percent from the same period last year. Non oil and gas exports in the three months period amounted to US$30.14 billion or fell 9.64 percent from a year earlier.

Imports in March reached US$11.296 billion, increased 11 percent from US$10.176 billion in February, but fell by 10.41 percent from the same month last year.

Non-oil and gas imports in March reached US$9.77 billion or up 7.9 percent from February 2016, but fell 5.56 percent from the same month last year. Oil and gas imports in March reached US$1.53 billion, up 36.25 percent from February, but fell 32.54 percent from March 2016.

The imports in January-March reached US$31.94 billion or down 13.05 percent from the same period last year. The oil and gas imports in the first three months reached US$3.87 billion, or fell 36.51 percent, while the non-oil and gas imports in the three month period reached US$28.06 billion or declined by 8.37 percent. (*)

 

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Source: The Insiderstories
Indonesia trade surplus narrows to US7 million in March

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