"Preliminary data shows that there will be a surplus of US$760 million particularly because of a surplus from non-oil/non-gas trade," Bank Indonesia Deputy Governor Perry Warjiyo stated here on Friday.
The oil/gas trade is projected to record a surplus of US$1.6 billion in February, while a deficit from the oil/gas trade is predicted to fall to around US$800 million, he noted.
The trade surplus was particularly fueled by the rising coal and palm oil exports throughout February, he mentioned.
"The second factor is that the export of various manufactured products, including machines and spare parts, chemicals, textiles, textile products and electronic goods continued to increase," he asserted.
Up to February, the implementation of the law banning the export of unprocessed minerals had no impact on mineral exports, he explained.
He predicted that the export of minerals will not improve until the end of the first quarter of 2014.
"We expect that the export of mineral products will show signs of improvement as of the second quarter," he clarified. (*)
Editor: Heru Purwanto
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