Indonesia reports trade surplus for 5th straight month
Oil and gas exports rose 17.43% to $700 million, while non-oil and gas exports jumped 6.47% to $13.31 billion, contributing to a $2.44 billion trade surplus, according to BPS head Suhariyanto.
However, exports in September were 0.51% lower than $14.08 billion in the same month last year due to a 12.44% annual decline in oil and gas exports, while non-oil and gas exports grew 0.21% year-on-year.
Suhariyanto said agriculture exports also increased by 20.84% from August, with more sales of vegetables, fruits, coffee, pepper, and shrimp.
Exports of agricultural products grew 16.22% year-on-year, thanks to a rise in exports of bird’s nest, shrimp, vegetables, clove, and black pepper.
Exports of manufactured goods also jumped by 7.37% month-on-month and 6.61% year-on-year.
“The increase in month-on-month exports of manufactured goods was driven by exports of steel, palm oil, and motorized vehicles,” the official said in an online news conference.
Exports of mining products plummeted 4.1% month-on-month and 35.97% annually due to a decline in exports of lignite, coal, and iron ore. ■