Indonesia's Trade Balance Posts US$196 Million Surplus in June 2019

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Dwi Hadya Jayani 15/07/2019 15:00 WIB

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The June 2019 trade surplus was driven by a US$1.16 billion surplus in the non-oil and gas sector.

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Indonesia's Trade Balance Posts US$196 Million Surplus in June 2019

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Indonesia's Balance of Trade

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The Central Statistics Agency (BPS) recorded Indonesia's trade balance (NPI) as having a surplus of US$196 million in June 2019. This NPI surplus was driven by a US$1.16 billion surplus in the non-oil and gas sector. However, the oil and gas sector recorded a deficit of US$966.8 million.

Despite the surplus in June 2019, the accumulated NPI in the first half of 2019 recorded a deficit of US$1.9 billion, a surge of US$700 million compared to the deficit in the same period last year of US$1.2 billion. This NPI deficit in the first half of 2019 is also the deepest deficit in the last four years.

In the first half of 2019, the NPI was burdened by a deficit in the oil and gas sector reaching US$4.7 billion. Meanwhile, the non-oil and gas sector remained a mainstay of the NPI with a surplus of US$2.8 billion.

(Read Databoks: Oil and Gas Imports Down 21.5% in June 2019)

Editor : Hari Widowati

"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."