Indonesia Posts Trade Surplus with US, Deficit with China
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Indonesia's trade performance with the United States (US) remained in surplus in December 2021. The Central Bureau of Statistics (BPS) reported that Indonesian exports to the US reached US$2.6 billion.
Meanwhile, Indonesia's imports from the US amounted to US$944.8 million. As a result, Indonesia recorded a trade surplus with the US of US$1.7 billion.
Conversely, trade performance with China, the economic giant headed by Xi Jinping, experienced a deficit. This is because the value of imports was higher than Indonesia's exports to China.
China's imports to Indonesia reached US$6.2 billion. Meanwhile, the value of exports was lower at US$5.1 billion.
Therefore, the trade deficit between Indonesia and China reached US$1.1 billion. Despite this, China remains Indonesia's main trading partner.
The value of non-oil and gas imports from China was the highest, contributing 34.68%. The same occurred with Indonesia's non-oil and gas exports to China, contributing 23.97% of total non-oil and gas exports.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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