Indonesia’s trade surplus expands to 900m USD
Indonesia’s trade surplus expanded to 900 million USD in June from 380 million USD in May, the Jakarta Globe reported, quoting statistics of the Statistics Indonesia (BPS).
Illustrative image. (Photo: energitoday.com)Jakarta (VNA) – Indonesia’s trade surplus expanded to 900 million USD in June from 380 million USD in May, the Jakarta Globe reported, quoting statistics of the Statistics Indonesia (BPS).
According to BPS data, the country has seen both exports and imports contract for 21 consecutive months up to June. Exports in June reached 12.92 billion USD, down 4.42 percent compared to the same period last year.
Meanwhile, imports were 12 billion USD, falling 7.41 percent year on year.
Indonesia’s exports in the first half of this year were recorded at 69.51 billion USD, down 11.4 percent while total imports were valued at 65.92 billion USD, a 10.9 percent decrease.
The country’s Central Bank said that the trade surplus will have positive impacts on the nation’s balance of payments and current accounts, as well as helping the government and enterprises pay foreign debt.
The “thousand-island country” is the world’s largest palm oil and coal exporter, and the third biggest exporter of rubber and cacao. The nation is also home to the world’s second largest copper mine.-VNA
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