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July 2017, Indonesia's Trade Balance Shows a Deficit of US$271 Million

15/08/2017 14:23 WIB

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Indonesia's Balance of Trade January 2014 - July 2017

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July 2017, Indonesia's Trade Balance Shows a Deficit of US$271 Million

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Indonesia's Balance of Trade January 2014 - July 2017

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The Central Statistics Agency (BPS) released data showing that Indonesia's exports in July 2017 reached US$13.62 billion, while imports reached US$3.88 billion. As a result, Indonesia's trade balance experienced a deficit of US$271.2 million. This is the first time since January 2016. Indonesia last experienced a trade deficit in December 2015, amounting to US$160 million.

The 7.79 percent decrease in oil and gas exports, coupled with a 39 percent increase in imports, caused Indonesia's trade balance to experience a deficit for the first time in the last 19 months. However, cumulatively (January-July) 2017, Indonesia's trade balance still recorded a surplus of US$7.39 billion.

Indonesia's export value for the January-July 2017 period reached US$93.59 billion, consisting of oil and gas exports of US$8.76 billion and non-oil and gas exports of US$84.83 billion. Meanwhile, the import value throughout January-July 2017 amounted to US$86.2 billion, comprising oil and gas imports of US$13.39 billion and non-oil and gas imports of US$72.8 billion.

"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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July 2017, Indonesia's Trade Balance Shows a Deficit of US$271 Million

July 2017, Indonesia's Trade Balance Shows a Deficit of US$271 Million

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July 2017, Indonesia's Trade Balance Shows a Deficit of US$271 Million

July 2017, Indonesia's Trade Balance Shows a Deficit of US$271 Million

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