Jakarta (ANTARA) - Statistics Indonesia (BPS) recorded that in March 2024, Indonesia again recorded a surplus of US$4.47 billion in its trade, marking the country's 47th consecutive monthly surplus.

"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
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