Trade

Indonesia's Trade Balance Shows Surplus as Exports Increase

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Dwi Hadya Jayani 17/03/2020 12:34 WIB
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Exports, Imports, and Balance of Trade February 2019-2020
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Indonesia's Central Bureau of Statistics (BPS) recorded exports of US$13.9 billion in February 2020. This figure represents a 2.24% increase from the previous month and an 11% increase from February 2019. This increase was driven by a rise in non-oil and gas exports of 2.38% from January 2020 and 14.64% compared to February 2019.

Meanwhile, imports decreased by 18.69% compared to January 2020, reaching US$11.6 billion. A decrease was also observed compared to February 2019, amounting to 5.1% from US$12.2 billion. As a result, Indonesia's trade balance recorded a surplus of US$2.3 billion.

Editor : Safrezi Fitra

"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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