Indonesia posts $ 4.37 billion trade surplus in September

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Jakarta (ANTARA) – Indonesia’s trade balance through September 2021 recorded a surplus of $ 4.37 billion, with exports totaling $ 20.60 billion and imports of $ 16.23 billion, according to Statistics Indonesia (BPS).

“As a result, Indonesia’s trade balance has experienced a surplus of 17 consecutive months,” BPS chief Margo Yuwono told a virtual press conference in Jakarta on Friday.

Exports of mineral fuels, vegetable and animal oils and fats, as well as iron and steel contributed the most to the surplus. Meanwhile, the countries that contributed the largest surplus were the US, $ 1.5 billion; India, $ 718.6 million; and the Philippines, $ 713.9 million, he noted.

The most surplus products with the United States were clothing and accessories; India, mineral fuels and vegetable or animal oils and fats; and the Philippines, mineral fuels and vehicles and their parts, Yuwono said.

Related news: Indonesia’s trade balance posts $ 2.59 billion surplus in July

However, Indonesia’s trade also experienced a deficit with several countries, the largest being with Australia, $ 529.7 million; Thailand, $ 346.8 million; and Ukraine, $ 247.2.

The deficit with Australia was attributed to imports of mineral fuels and metal ores, silver and ash, according to Yuwono. The deficit with Thailand was due to imports of raw materials and plastic goods, machinery, mechanical equipment and their parts. The deficit with Ukraine is due to imports of grain, iron and steel, he noted.

Thus, Indonesia’s trade balance during the January-September 2021 period recorded a surplus of $ 25.07 billion, much higher than in previous years, the head of BPS said.

During the same period in 2020, Indonesia’s trade surplus had only reached $ 13.35 billion, while in 2019 it even experienced a deficit.
Related news: Indonesia’s trade surplus supported by strong economic recovery
Related News: Large Surplus Indicates Economy Is Recovering Well, Trade Minister Says


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