Indonesia's trade balance posts US$5.16 bln surplus in Nov

Indonesia's trade balance posts US$5.16 bln surplus in Nov

Screenshot—Deputy for production statistics at Statistics Indonesia (BPS), M. Habibullah. (ANTARA)

The trade balance surplus in November 2022 is the 31st consecutive month surplus that Indonesia has achieved since May 2020.
Jakarta (ANTARA) - Indonesia's trade balance recorded a surplus of US$5.16 billion in November 2022, with the value of exports reaching US$24.12 billion and imports US$18.96 billion, Statistics Indonesia (BPS) reported on Thursday.  

"The trade balance surplus in November 2022 is the 31st consecutive month surplus that Indonesia has achieved since May 2020," deputy for production statistics at BPS, M. Habibullah, noted here on Thursday.

 

This achievement was supported by a surplus in the balance of non-oil and gas commodities of US$6.83 billion, he said.

 

The main commodities that contributed to the surplus were mineral fuels, animal fats and vegetable oils, as well as iron and steel.

 

Meanwhile, the oil and gas trade balance recorded a deficit of US$1.67 billion, with the main contributors to the deficit being crude oil and oil products.

 

The three countries with the largest trade surplus with Indonesia were the United States (with a surplus of US$1.31 billion), India (US$1.17 billion), and the Philippines (US$1.02 billion).



Related news: Expect Kadin to prepare road maps for development: President
 

The largest contributors to the surplus in trade with the United States were electrical machinery and equipment and their parts, clothing and accessories (knitted), and clothing and accessories (non-knitted).

 

Then, the commodities that accounted for the surplus in trade with India were vegetable animal fats and oils, mineral fuels, as well as metal ore, slag, and ash.

 

Meanwhile, the commodities that contributed to the trade surplus with the Philippines were mineral fuels, vehicles and their parts, as well as vegetable fats and animal oils.

 

In the meantime, Indonesia's trade experienced the largest deficit with three countries—Australia (with a deficit of US$519 million), Thailand (US$321 million), and Brazil (US$249 million).

 

The commodities that accounted for the trade deficit with Australia were mineral fuels, cereals, and precious metals and jewelry.


Related news: Indonesia records trade surplus of US$5.67 bln in Oct

 

Meanwhile, the commodities that added to the deficit in trade with Thailand were machinery, mechanical equipment and their parts, plastics and plastic goods, as well as vehicles and their parts.

 

The commodities that contributed to the deficit with Brazil were sugar and confectionery, dregs and leftovers from the food industry, and cotton.

 

Indonesia's trade balance in the January–November 2022 period experienced a surplus of US$50.59 billion, with exports valued at US$268.18 billion and imports pegged at US$217.58 billion.


Related news: Indonesia encourages ASEAN-EU partnership conducted based on equality

Related news: Jokowi holds bilateral meeting with Czech PM

Comments