Indonesia's February 2022 Trade Balance: A US$3.83 Billion Surplus – Here's Why!

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Viva Budy Kusnandar 15/03/2022 20:00 WIB

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Indonesia's trade balance has recorded a surplus for the past 22 months.

Indonesia's Trade Balance (May 2020 – February 2022)

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Indonesia's February 2022 Trade Balance: A US$3.83 Billion Surplus – Here's Why!

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Indonesia's Trade Balance (May 2020 – February 2022)

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The Central Statistics Agency (BPS) reports that Indonesia's trade balance recorded a surplus of US$3.83 billion in February 2022, the highest in the last four months. This surplus was driven by a 6.7% month-to-month (m-to-m) increase in Indonesia's export value to US$20.46 billion. Meanwhile, imports from all trading partners decreased by 8.64% (m-to-m) to US$16.64 billion. As a result, Indonesia's trade balance has recorded a surplus for the past 22 months.

On the export side, Indonesia's oil and gas exports grew by 10.39% (m-to-m) to US$994.8 million in February 2022, while non-oil and gas exports grew by 6.55% (m-to-m) to US$19.47 billion.

On the import side, non-oil and gas imports contracted by 14.05% (m-to-m) to US$13.74 billion in February 2022, while oil and gas imports increased by 30.19% to US$2.9 billion.

Cumulatively, for the January-February 2022 period, Indonesia's trade balance recorded a surplus of US$4.79 billion, a 21.07% increase compared to the same period the previous year (cumulative to cumulative/c-to-c).

Editor : Annissa Mutia

"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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Indonesia's February 2022 Trade Balance: A US$3.83 Billion Surplus – Here's Why!

Indonesia's February 2022 Trade Balance: A US$3.83 Billion Surplus – Here's Why!

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Indonesia's February 2022 Trade Balance: A US$3.83 Billion Surplus – Here's Why!

Indonesia's February 2022 Trade Balance: A US$3.83 Billion Surplus – Here's Why!

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