Indonesia suffers a deficit of US$420 M. in November trade

Indonesia suffers a deficit of US$420 M. in November trade

Suryamin. (ANTARA/Dhoni Setiawan)

Jakarta (ANTARA News) - Indonesia recorded a deficit of US$420 million in trade in November as against a surplus of US$23 million in October, the Central Bureau of Statistics (BPS) said.

Head of BPS Suryamin said the country posted US$13.62 billion in exports in November with imports valued at US$14.04 billion.

The deficit was attributed to US$1.36 billion deficit in oil and gas trade, Suryamin said, adding a surplus of US$940 million in trade of other commodities was not enough to offset the deficit in oil and gas trade.

Cumulatively, the countrys trade balance in the first 11 months of 2014 had a deficit of US$2.07 billion with deficit in oil and gas sector totaling US$12.09 billion.

"Surplus in non oil/gas trade of US$10.02 billion was quite significant but not enough to make up for the deficit in the oil and gas trade," Suryamin said.

The countrys exports in the January-November period were valued at 161.67 billion down 2.36 percent on-year including oil and gas exports of US$27.98 billion or down 4.27 percent on-year and other commodities valued at US$133.69 billion, down 1.95 percent.

Meanwhile, imports were valued at US$163.74 billion , down 4.34 percent on-year.