Indonesia trade surplus narrows to $370 million in May
JAKARTA (TheInsiderStories) – Indonesia posted trade surplus of US$370 million in May, narrowed from a surplus of US$670 million April, as imports grew higher than exports.
Data issued by the Central Bureau of Statistics (BPS) showed that Indonesia posted exports of US$11.51 billion in May, up 0.31 percent from US$11.45 billion in April and down 9.75 percent from May 2015.
Non-oil and gas exports reached US$10.55 billion in May, down 0.29 percent from April 2016 and down 7.12 percent from May 2015.
Cumulatively, Indonesia’s January-May exports reached US$56.59 billion or fell 12.82 percent from the same period last year, while non-oil and gas exports reached US$51.28 billion in the five month period or fell 9.01 percent.
BPS said imports in May reached US$11.14 billion, up 2.98 pecent from April 2016 and declined 4.12 percent from May 2015.
Non-oil and gas imports in May amounted to US$9.47 billion, up 0.16 percent from April 2016, but edged lower 0.70 percent from May 2015.
Imports of oil and gas in May 2016 reached US$1.67 billion, rose 22.5 percent from April 2016, but fell 19.8 percent from May 2015.
Cumulatively, imports in January-May 2016 amounted to US$53.89 billion or fell 11.61 percent from the same period in 2015. The cumulative value of imports comprised of oil and gas imports reached US$6.93 billion (fell 34.15 percent) and non-oil and gas amounted to US$46.97 billion (fell 6.91 percent).
Non-oil and gas exports to US was the largest in May amounting to US41.28 billion, followed by followed by Japan US$1.00 billion and China US$980 million. The contribution of the three countries to total exports reached 30.95 percent. Exports to European Union (EU) – 27 countries – amounted to US$1.20 billion. (*)
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Source: The Insiderstories
Indonesia trade surplus narrows to 0 million in May