March 2018, Indonesia's Trade Balance Shows a US$1 Billion Surplus

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16/04/2018 12:58 WIB

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Indonesia's trade balance with its partner countries in March 2018 recorded a surplus of US$1.09 billion.

Indonesia's Balance of Trade (January 2017 - March 2018)

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March 2018, Indonesia's Trade Balance Shows a US$1 Billion Surplus

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Indonesia's Balance of Trade (January 2017 - March 2018)

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Indonesia's trade balance with its partner countries in March 2018 recorded a surplus of US$1.09 billion. This surplus is the first of the year and the first in the last four months. The surplus value is also the largest in the last six months. For information, Indonesia's trade balance had been in deficit since December 2017 to February 2018.

Indonesia's export value in March 2018 increased by 10.24% to US$15.58 billion from the previous month and also increased by 6.14% from the same month of the previous year. Meanwhile, the import value in March 2018 only grew by 2.13% to US$14.49 billion from the previous month and increased by 9.07% from the same month of the previous year.

Cumulatively, Indonesia's export value in the January-March 2018 period increased by 8.78% to US$44.27 billion from US$40.69 billion. Meanwhile, the import value in the same period increased by 20.12% to US$43.98 billion from US$36.62 billion in the previous year. As a result, Indonesia's trade balance in the first three months of this year showed a surplus of US$282 million.

"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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March 2018, Indonesia's Trade Balance Shows a US$1 Billion Surplus

March 2018, Indonesia's Trade Balance Shows a US$1 Billion Surplus

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March 2018, Indonesia's Trade Balance Shows a US$1 Billion Surplus

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