National trade balance records surplus of US$738.3 million in February

Jakarta (ANTARA News) - Indonesias trade balance in February recorded a surplus of US$738.3 million, with an export value of US$12.29 billion and an import value of US$11.55 billion, the Central Bureau of Statistics (BPS) said.

"This surplus was triggered by the US$170 million surplus recorded in the oil and gas sector and the US$570 million recorded in the non-oil/gas sector," Head of the BPS Suryamin stated here on Monday.

According to the cumulative export values posted in January and February, he noted that the trade balance had a surplus of US$1.48 billion, with an export value of US$25.64 billion and an import value of US$24.16 billion.

Totally, the national export value in the January-February period decreased 11.89 percent as compared to the US$29.10 billion recorded in the same period in 2014.

Moreover, the import value in February dropped by 8.42 percent as compared to the US$12.61 billion posted in January.

In addition, the cumulative import value of the January-February period declined by 15.83 percent, while it was US$28.70 billion in the same period last year.(*)