The deficit was mainly driven by a deficit of $1.66 billion in the oil and gas sector, although the non-oil/non-gas sector enjoyed a surplus of $0.64 billion, BPS Chief Kecuk Suhariyanto noted while divulging information on the developments of the country`s exports and imports in July 2018 at the BPS office here on Monday.
He said the country`s exports in August 2018 stood at $15.82 billion, down by 2.90 percent as compared to the previous month. However, exports in August 2018 rose by 4.15 percent as compared to the same month last year.
Meanwhile, imports in August 2018 tumbled by $1.457 billion, or 7.97 percent, to $16.839 billion as compared to the previous month.
Indonesia had recorded a trade surplus of $1.74 billion in June 2018, with exports rising 11.47 percent to $13 billion, and imports growing 12.68 percent to $11.26 billion, according to the BPS.
The figure surpassed Bank Indonesia`s trade surplus forecast of close to $1 billion.
June 2018`s surplus overturned a trade deficit of $1.45 billion a month earlier.
Reporting by Sella Panduarsa Gareta
Editing by Suharto
Reporter: antara
Editor: Heru Purwanto
Copyright © ANTARA 2018
