Acting BPS Head, Amalia Adininggar Widyasanti, shared this information during a press briefing streamed on the BPS YouTube channel on Tuesday.
She noted that the September surplus was US$480 million higher than the previous month but lower compared to the same month last year.
The surplus was primarily driven by non-oil and gas commodities, which recorded a trade value of US$4.62 billion. The main contributors were mineral fuels, animal fats and vegetable oils, and iron and steel.
On the other hand, Indonesia's oil and gas commodities recorded a deficit of US$1.36 billion, largely due to imports of crude and refined oil.
In September 2024, Indonesia recorded a trade surplus of US$1.39 billion with the US, US$940 million with India, and US$780 million with the Philippines.
The surplus with the US was mainly contributed by machinery, electrical equipment and parts, clothing, accessories, and footwear.
The surplus with India was driven by exports of mineral fuels, animal fats and vegetable oils, and iron and steel. Meanwhile, the surplus with the Philippines came from vehicles and parts, mineral fuels, and animal fats and vegetable oils.
Widyasanti mentioned that as of September 2024, Indonesia's cumulative trade surplus reached US$21.98 billion, which is US$5.74 billion lower than the same period in 2023.
"Overall, the non-oil and gas trade surplus amounted to US$37.03 billion, which is US$4.67 billion less than last year. Meanwhile, the oil and gas trade deficit reached US$15.05 billion," she stated.
In September, Indonesia's export value was recorded at US$22.08 billion. Cumulatively, from January to September, the total export value reached US$192.85 billion.
Meanwhile, imports in September were valued at US$18.82 billion. From January to September, total imports amounted to US$170.87 billion.
Related news: Indonesia's trade balance surplus reflects diverse forex sources: Govt
Related news: Optimism in trade and hope for a better economy
Translator: Maria Cicilia, Raka Adji
Editor: Anton Santoso
Copyright © ANTARA 2024
