North Sumatra posts trade surplus of US$248 million with India

North Sumatra posts trade surplus of US$248 million with India

Chief of the Central Statistics Agency (BPS) Office in North Sumatra Province.Syech Suhaim (ANTARA/Evalisa Siregar)

The COVID-19 pandemic has not had a significant impact on CPO exports.
Medan, N Sumatra (ANTARA) - North Sumatra registered a surplus of US$248.665 million in its trade with India in the year ending July 31, 2020, despite the COVID-19 pandemic.

"North Sumatra's exports to India reached US$354.811 million, while its imports (from the country) stood at US$106.146 million. As a result, a surplus of US$248.655 million was recorded till July 2020," Chief of the Central Statistics Agency (BPS) Office in North Sumatra Province Syech Suhaim stated here on Friday.

The surplus mainly resulted from an increase in the exports of crude palm oil (CPO) and its derivatives, he remarked.

An increase in the province's exports to India was encouraging, especially since it occurred in the wake of the COVID-19 pandemic. Moreover, the trade favored North Sumatra, he stated.

Chief of the Indonesian Palm Oil Council (DSM) Derom Bangun l remarked that India was one of the main markets for North Sumatra's CPO apart from the United States and China.

"The COVID-19 pandemic has not had a significant impact on CPO exports," he added.


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