Indonesia’s Trade Surplus Widens

Transcription

1. IB Press Release Service Published on :​ ​ IslamicBanker.com Publications: h ​ ttps://www.islamicmarkets.com/publications Indonesia’s Trade Surplus Widens 16 February 2017 Indonesia’s trade surplus widened in January 2017, supported by a larger non-oil and gas trade surplus. The trade surplus reached USD1.40 billion in January, up from USD1.05 billion the month earlier and USD0.01 billion one year ago. The non-oil and gas trade surplus stood at USD1.93 billion in January 2017, increasing from USD1.50 billion in December 2016. Non-oil and gas imports contracted -8.12% (mtm), exceeding the corresponding -3.70% (mtm) contraction of exports, which fed through to a larger surplus. The import decline stemmed from machinery and mechanical appliances, electrical machinery and equipment, sugar and confectionary, jewellery/gems, as well as ships and floating structures. Meanwhile, jewellery/gems, not knitted articles of apparel, metal ore, crust and dust, fish and shrimps, as well as coffee, tea and herbs and spices were the main contributors to the export decline. On the other hand, the oil and gas trade deficit increased from USD0.45 billion in December 2016 to USD0.54 billion in the reporting period. The deficit widened as growth of oil and gas imports (6.25%, mtm), particularly oil derivatives (32.69%, mtm), exceeded the 1.72% (mtm) growth of oil and gas exports. Bank Indonesia perceived the trade balance in January 2017 as positive in terms of supporting current account performance. Furthermore, Bank Indonesia will continue to monitor global and domestic economic developments that could influence the trade balance, while striving to foster national economic activity. Organisation Name: News Type: Source: Government of Indonesia Trade Status Update Bank Indonesia