Exports Improve, Trade Surplus Rises to US$3.6 Billion in October 2020

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Dwi Hadya Jayani 16/11/2020 14:44 WIB

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Indonesia's trade balance in October 2020 recorded a surplus of US$3.6 billion.

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Exports Improve, Trade Surplus Rises to US$3.6 Billion in October 2020

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Indonesia's Balance of Trade

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Indonesia's trade balance in October 2020 recorded a surplus of US$3.6 billion. This figure is an increase from the previous month's surplus of US$2.4 billion. The increase in the trade balance surplus was due to improved export performance and decreased imports.

Indonesia's exports reached US$14.4 billion, up 3.1% compared to September 2020, which was US$14 billion. Imports, on the other hand, decreased. Indonesian imports fell by 6.8% from US$11.6 billion in September 2020 to US$10.8 billion in October 2020.

However, this import decrease occurred across all goods categories. The highest decrease was in capital goods imports, at 13.3%. In addition, imports of consumer goods decreased by 7.6% and raw materials/intermediate goods by 5%.

Editor : Muhammad Ahsan Ridhoi

"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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Exports Improve, Trade Surplus Rises to US$3.6 Billion in October 2020

Exports Improve, Trade Surplus Rises to US$3.6 Billion in October 2020

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Exports Improve, Trade Surplus Rises to US$3.6 Billion in October 2020

Exports Improve, Trade Surplus Rises to US$3.6 Billion in October 2020

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