East Java's Trade Balance Records a US$360.88 Million Deficit in August 2021

Vika Azkiya Dihni 16/09/2021 18:40 WIB

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East Java Trade Balance August 2020 - August 2021

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East Java's Trade Balance Records a US$360.88 Million Deficit in August 2021

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East Java Trade Balance August 2020 - August 2021

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The Central Statistics Agency (BPS) reported that East Java's trade balance in August 2021 showed a deficit of US$360.88 million. This deficit value increased by 61.82% compared to August 2020.

This deficit balance was caused by a larger deficit in the oil and gas sector than the surplus in the non-oil and gas sector. The trade balance in the oil and gas sector experienced a deficit of US$440.54 million, while the trade balance in the non-oil and gas sector showed a surplus of US$79.66 million.

Cumulatively, from November 2020 to the present year, East Java's trade balance still shows a deficit of US$3.02 billion. This is because the difference between exports and imports in both the oil and gas and non-oil and gas sectors experienced deficits.

This situation necessitates improvement in the performance of both sectors to achieve a trade surplus in the following period. In addition, efforts are needed to suppress or reduce the deficit from the oil and gas sector.

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."