USD 2.3 Billion Trade Surplus for Indonesia in February 2020

Higher manufacturing exports allowed Indonesia to record a USD 2.34 billion trade surplus in February 2020, amidst disruptions in trade activity with China (its largest trading partner) due to the COVID-19 outbreak, as reported by Statistics Indonesia (BPS).

Data from BPS indicated that total exports out of Indonesia stood at USD 13.94 billion in February 2020, up 11% YoY, led by manufacturing exports which experienced the strongest growth at 17.11% YoY in February 2020, reaching USD 11.03 billion. Rising exports of jewellery and precious metals to Singapore was the main contributor to the increase in exports.

On the other hand, total imports declined 5.11% YoY to USD 11.6 billion. The...