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Indonesia posts record trade balance surplus in October

Christian Fernsby |
Indonesia booked trade balance surplus of 5.74 billion U.S. dollars in October 2021, hitting record high, with the exports valued at 22.03 billion U.S. dollars and the imports valued at 16.29 billion U.S. dollars, according to the Statistics Indonesia (BPS).

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Indonesia has recorded a trade balance surplus for 18 consecutive months, head of BPS Margo Yuwono said at a virtual press conference on Monday.

Commodities contributing the most to the surplus were mineral fuels, fats and animal oils, as well as iron and steel, he said, adding that the countries that contributed to the largest surplus for Indonesia were the United States, China, and the Philippines.

He pointed out that Indonesia's trade with China experienced a surplus of 1.3 billion U.S. dollars with commodities making the surplus being mineral fuels, as well as iron and steel.

During the period of January to October this year, Indonesia's trade balance surplus cumulatively reached 30.81 billion U.S. dollars, Yuwono said.

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