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United States, Indonesia's Largest Trade Surplus Contributor in Early 2023

Cindy Mutia Annur 16/02/2023 15:24 WIB

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A report from Indonesia's Central Statistics Agency (BPS) shows that the United States was the largest contributor to Indonesia's trade surplus in January 2023. The Philippines and India followed.

Indonesia's Top 3 Non-Oil and Gas Trade Surplus Contributors (January 2023)

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United States, Indonesia's Largest Trade Surplus Contributor in Early 2023

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Indonesia's Top 3 Non-Oil and Gas Trade Surplus Contributors (January 2023)

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A report from Indonesia's Central Statistics Agency (BPS) shows that Indonesia's trade balance reached a surplus of US$3.87 billion in January 2023. The United States was recorded as the country contributing the largest surplus to Indonesia's trade balance last month.

“The three countries with the largest non-oil and gas trade surpluses in January 2023 were the United States, the Philippines, and India,” said M. Habibullah, Deputy for Production Statistics, in a press conference on Wednesday (February 15, 2023).

The non-oil and gas trade surplus with the United States reached US$1.17 billion. The largest surplus was contributed by machinery and electronic equipment and parts (HS 85) valued at US$291.2 million, clothing and accessories, not knitted (HS 62) at US$182.4 million, and animal/vegetable fats and oils (HS 16) at US$175 million.

Then, the non-oil and gas trade surplus with the Philippines amounted to US$909.2 million. The largest surplus was contributed by mineral fuels (HS 27) at US$392.4 million, vehicles and parts (HS 87) at US$235.1 million, and iron and steel (HS 72) at US$47.3 million.

Furthermore, the non-oil and gas trade surplus with India amounted to US$810.5 million. The largest surplus was contributed by mineral fuels (HS 27) at US$439.1 million, vegetable/animal fats and oils (HS 15) at US$436 million, and iron and steel (HS 72) at US$109.9 million.

On the other hand, Indonesia recorded its deepest non-oil and gas trade deficit with Thailand at US$398.8 million, mainly in sugar and confectionery (HS 17) and plastics and plastic goods (HS 39).

Indonesia also experienced a non-oil and gas trade deficit with Australia of US$353.1 million, mainly in cereals (HS 10) and mineral fuels (HS 27).

Next, Indonesia also recorded a non-oil and gas trade deficit with Argentina of US$247.1 million. The main deficit occurred in food industry waste and residues (HS 23) and cereals (HS 10).

Editor : Padjar Iswara

"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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United States, Indonesia's Largest Trade Surplus Contributor in Early 2023

United States, Indonesia's Largest Trade Surplus Contributor in Early 2023

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