Indonesia’s trade surplus swelled in March

Jakarta terminalIndonesia’s trade surplus swelled to $1.13 billion in March 2015 from $0.66 billion in the previous month, bolstered by a growing non-oil and gas surplus, while the oil and gas account returned to a deficit, the government announced on April 16.

The non-oil and gas surplus stood at $1.41 billion in the reporting period, up from $0.63 billion, due to 12.5 per cent month-on-month non-oil and gas export growth to a total of $11.72 billion.

Exports consisted of mineral fuels (23.6 per cent month-on-month growth), animal and vegetable fats and oils (9 per cent), jewellery/gems (24.2 per cent), wood and wood derivatives (33.3 per cent) as well as electrical equipment and machinery (10 per cent).

Further gains were stifled, however, by 5.3 per cent growth of non-oil and gas imports to $10.31 billion, comprised of mechanical equipment and machinery, electrical equipment and machinery, motor vehicles and auto components as well as ships and floating structures.

On the other hand, the oil and gas account returned to a deficit of $0.28 billion after registering a $0.03 billion surplus in the previous period due to growing imports of oil and gas that were triggered by an increase in the volume and price of imported crude oil and oil derivatives.

Bank Indonesia considers the first-quarter trade surplus in line with the projected current account deficit, which shrank compared to the preceding period. Bank Indonesia is assured that the future trade structure of Indonesia will become increasingly sound, thereby supporting a recovery in the external balance.



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Indonesia’s trade surplus swelled to $1.13 billion in March 2015 from $0.66 billion in the previous month, bolstered by a growing non-oil and gas surplus, while the oil and gas account returned to a deficit, the government announced on April 16. The non-oil and gas surplus stood at $1.41 billion in the reporting period, up from $0.63 billion, due to 12.5 per cent month-on-month non-oil and gas export growth to a total of $11.72 billion. Exports consisted of mineral fuels (23.6 per cent month-on-month growth), animal and vegetable fats and oils (9 per cent), jewellery/gems (24.2 per cent), wood and...

Jakarta terminalIndonesia’s trade surplus swelled to $1.13 billion in March 2015 from $0.66 billion in the previous month, bolstered by a growing non-oil and gas surplus, while the oil and gas account returned to a deficit, the government announced on April 16.

The non-oil and gas surplus stood at $1.41 billion in the reporting period, up from $0.63 billion, due to 12.5 per cent month-on-month non-oil and gas export growth to a total of $11.72 billion.

Exports consisted of mineral fuels (23.6 per cent month-on-month growth), animal and vegetable fats and oils (9 per cent), jewellery/gems (24.2 per cent), wood and wood derivatives (33.3 per cent) as well as electrical equipment and machinery (10 per cent).

Further gains were stifled, however, by 5.3 per cent growth of non-oil and gas imports to $10.31 billion, comprised of mechanical equipment and machinery, electrical equipment and machinery, motor vehicles and auto components as well as ships and floating structures.

On the other hand, the oil and gas account returned to a deficit of $0.28 billion after registering a $0.03 billion surplus in the previous period due to growing imports of oil and gas that were triggered by an increase in the volume and price of imported crude oil and oil derivatives.

Bank Indonesia considers the first-quarter trade surplus in line with the projected current account deficit, which shrank compared to the preceding period. Bank Indonesia is assured that the future trade structure of Indonesia will become increasingly sound, thereby supporting a recovery in the external balance.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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