The deficit in the year was caused by pressure on the oil and gas balance of trade, which recorded a deficit of US$13.13 billion, while the non-oil/gas sector recorded a surplus of US$11.24 billion.
Jakarta (ANTARA News) - Indonesia suffered a trade deficit of US$1.88 billion in 2014 with imports reaching US$178.89 billion and exports US$176.29 billion, stated Suryamin, the head of the Central Statistics Agency (BPS).

"The balance of trade from January to December 2014 is in deficit of US$1.88 billion," he noted at a press conference.

Suryamin remarked that the deficit in the year was caused by pressure on the oil and gas balance of trade, which recorded a deficit of US$13.13 billion, while the non-oil/gas sector recorded a surplus of US$11.24 billion.

"Compared to the deficit in 2013 that reached US$4.08 billion, the deficit in 2014 was down," he pointed out.

He noted that the balance of trade in December 2014 recorded a surplus of US$190 million with non-oil/gas trade enjoying a surplus of US$1.22 billion and oil/gas trade suffering a deficit of US$1.04 billion.

With regard to volume, the trade in December 2014 recorded a surplus of 32.38 million tons boosted by a surplus in the non-oil/gas sector of 33.35 million tons, while the oil/gas sector suffered a deficit of 0.97 million tons.

Indonesias exports in December 2014 reached US$14.62 billion in value or rose by 7.38 percent as compared to Novembers exports, which were recorded at US$13.62 billion but dropped by 13.83 percent as compared to US$16.97 billion recorded in the same month in 2013.

Imports during the month reached US$14.43 billion or rose by 2.80 percent as compared to Novembers imports, which were at US$14.04 billion but declined by 6.61 percent as compared to US$15.46 billion in imports recorded in December 2013.

Cumulatively, the value of Indonesias exports from January to December 2014 reached US$176.29 billion, down 3.43 percent as compared to the same period in 2013 with non-oil/gas exports down 2.64 percent at US$145.96 billion.

Imports in 2014 reached US$178.18 billion, down 4.53 percent as compared to the same period in 2013 with oil/gas imports recorded at US$43.46 billion, down 3.99 percent and non-oil/gas imports reaching US$134.72 billion, down 4.70 percent.(*)

Editor: Heru Purwanto
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