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Indonesia runs trade deficit with Russia, Ukraine

Indonesia's trade balance with Russia and Ukraine was in deficit due to the ongoing war, head of the Statistics Indonesia (BPS) Margo Yuwono has stated.
Indonesia runs trade deficit with Russia, Ukraine ảnh 1Illustrative image (Source: Voi.ID)
Jakarta (VNA) – Indonesia's trade balancewith Russia and Ukraine was in deficit due to the ongoing war, head of theStatistics Indonesia (BPS) Margo Yuwono has stated.

In January, Indonesia's exports of animal orvegetable fats and oils to Russia were recorded at 102.4 million USD, while thefigure was recorded at 102 million USD in February. However, in March,its value only reached 58.3 million USD.

The trade balance between Indonesia and Russiaduring the January-March period experienced a deficit of 204.6 million USD.This figure decreased significantly when compared to a surplus of 42.2 million USDduring the same period last year.

In the meantime, Indonesia's main export commoditieswith Ukraine are animal or vegetable fats and oils, paperboard, and footwear.

"In March, there were no exports to Ukraine atall. This shows that this conflict is interfering with our exports toUkraine," Yuwono said, as cited by Indonesia's Antara News Agency.

Indonesia's trade value with Ukraine for theJanuary-March period experienced a deficit of 13.5 million USD. Thisfigure fell significantly when compared to a surplus of 53.6 million USD duringthe same period of the previous year./.
VNA
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