Indonesia enjoys high trade surplus in February

Indonesia recorded a trade surplus of 785.3 million USD in February from a deficit of 450 million USD in the previous month, reported the country’s Central Bureau of Statistics (BPS).
Indonesia recorded a trade surplus of 785.3 million USD in Februaryfrom a deficit of 450 million USD in the previous month, reported thecountry’s Central Bureau of Statistics (BPS).

The country’s February exports reached 14.57 billion USD, while its imports hit 13.78 billion.

The result was 500 million USD higher than the figure forecast byeconomists thanks to a 3.6 percent rise in oil and gas exports,according to BPS.

Indonesia’s inflationrate also dropped to a nine-month low of 0.08 percent in March from0.26 percent in February, it said.

Meanwhile, theconsumer price index rose 7.32 percent in March from a year earlier, theBPS reported. That was lower than February’s 7.75 percent increase.March’s figure was also the smallest gain since June’s inflation rate of5.9 percent.

Suryamin, the BPS chief, said prices ofsome main commodities were under control, helping contribute to the lowinflation in March.-VNA

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