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Indonesia posts trade surplus of US$673.2 mln in March

JAKARTA (Rambu Energy) – Indonesia posted exports of US$15.21 billion in April, while imports reached US$14.54 billion. As a result, the country posted trade surplus of US$673.2 million in the month, the Central Bureau of Statistic (BPS) annouced on Friday (May 2).

The exports in the January-March 2014 period reached US$44.32 bllion, while imports in the quarte stood at US$14.54 billion. The trade suprlus in the first quarter reached US$1.07 billion.

The exports value in March increased 3.95 percent from previous month. Of this exports, oil and gas exports fell 3.24 percent to US$2.64 billion from US$2.73 billion in previous month. Meanwhile, non oil and gas exports increased 5.6 percent to US$12.57 billion from US$11.9 billion in February.

The Head of Central Bureau of Statistic Suryamin said the trade surplus shows a positive trend over the past two months.
Indonesia’s non oil-and-gas exports mainly went to the country’s exports destinations, namely China amounting to US$4.93 billion, the US at US$3.83 billion, Japan US$3.57 billion, ASEAN countries at US$7.08 billion and European Union US$4.16 billion.

The largest increase was exports to China, where vegetable oil (including CPO) increased 35.09 percent, chemical materials increased by 104.8 percent and paper materials rose 8.81 percent.

Imports in March increased 5.42 percent from February (month-on-month). Oil and gas imports increased by 15.8 percent to US$4.01 billion from US$3.46 billion in previous month, while non oil and gas imports rose 1.9 percent to US$10.5 billon in March from US$10.3 billion in February. (*)

 

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