Indonesia Records USD 3.6 Billion Trade Surplus in October 2020, as Imports Decline

Indonesia has recorded a trade surplus of USD 3.6 billion in October 2020, compared to a surplus of USD 161.3 million in the same month a year earlier, and a surplus of around USD 2.4 billion in September 2020, according to data released by the Central Statistics Agency (BPS). Local media reported that Indonesia’s trade surplus in October 2020 was the largest recorded since December 2010.

According to Setianto, Deputy Head of BPS, the trade surplus in October 2020 was attributed to a decrease in imports, which declined by 26.93% year-on-year (YoY) to USD 10.78 billion in October 2020 from the same period in 2019, and by 6.79% from September 2020. In addition, Suhariyanto, Chairman of BPS, noted that strengthening...