"The trade balance surplus in March 2024 is higher as compared to the previous month and the same month last year," Acting Head of BPS Amalia Adininggar Widyasanti stated in a BPS press conference here on Monday.
Widyasanti highlighted that the non-oil and gas sector contributed US$6.51 billion to the surplus, while the oil and gas sector recorded a deficit of US$2.04 billion in March 2024.
From January to March 2024, the oil and gas sector registered a deficit of US$5.10 billion. Nevertheless, the non-oil and gas sector recorded a surplus of US$12.41 billion, so in total, the surplus was recorded at US$7.31 billion.
"The three countries contributing the largest surplus in 2024 are the United States, amounting to US$1.50 billion; India, amounting to US$1.43 billion; and the Philippines, amounting to US$771.7 million," she expounded.
The BPS also noted that the countries contributing to the deepest deficit in March 2024 were Thailand, with US$383.9 million; followed by Brazil, with US$359.0 million; and Australia, with US$265.6 million.
Indonesia’s export value in March 2024 reached US$22.43 billion, or up 16.40 percent, as compared to February 2024. Meanwhile, in comparison with March 2023, the export value showed a decline of 4.19 percent.
Non-oil and gas exports in March 2024 stood at US$21.15 billion, up 17.12 percent as compared to February 2024, and down 4.21 percent in comparison with the non-oil and gas exports recorded in March 2023.
Furthermore, Indonesia's import value in March 2024 reached US$17.96 billion, down 2.60 percent from February 2024, or down 12.76 percent as compared to March 2023.
Non-oil and gas imports were recorded at US$3.33 billion in March 2024, reflecting an increase of 11.64 percent as compared to February 2024, or an increase of 10.34 percent from March 2023.
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Translator: Maria Cicilia, Raka Adji
Editor: Rahmad Nasution
Copyright © ANTARA 2024
