Indonesia’s trade surplus narrows in July due to lower exports

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[Image source : Pelindo II)

JAKARTA (TheInsiderStories) – Indonesia recorded trade surplus of US$590 million in July, narrowed from surplus of US$900 million June, attributable to lower exports.

Data issued by the Central Bureau of Statistics (BPS) showed that Indonesia posted exports of US$9.51 billion in July, fell 26.67 percent from US$12.92 billion in June and down 17.02 percent from July last year.

Non-oil and gas exports in Juli 2016 reached US$8.52 billion, fell 27.75 percent from June, and fell 15.22 percent from the same month last year.

Cumulatively, Indonesia’s January-July exports reached US$79.08 billion, down 12.02 percent from the same period last year, while cummulative non-oil and gas reached US$71.59 billion, fell 8.78 percent from a year ago.

BPS said imports in June reached US$8.92 billion, down 26.28 percent from June 2016 amounted to
US$12.02 billion and down 11.56 percent from July 2015.

Non-oil and gas imports in July amounted to US$7.44 billion or down 27.91 percent compared to June, which amounted to US$10.33 billion.

Oil and gas imports in July 2016 reached US$1.47 billion orfell 16.84 percent from June at US$1.69 billion and fell 35.77 percent from the same period last year.

Cummulatively, imports in January-July amounted to US$74.91 billion, fell 10.85 percent from the same period last year. This comprises of cummulative oil and gas exports reached US$10.17 billion (down 33.9 percent) and non-oil and gas imports amounted to US$64.74 billion or fell 5.69 percent.

Non-oil and gas exports to US was the largest in July amounting US$0.99 billion, followed by China US$0.92 billion and Japan US$0.82 billion. The three countries countributed 32.04 percent of total exports.

Exports to European Union (EU) – 28 countries – amounted to US$0.95 billion. (*)

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Source: The Insiderstories
Indonesia’s trade surplus narrows in July due to lower exports

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