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Indonesia's trade surplus hits record high

Indonesia posted a trade surplus of 4.74 billion USD in August 2021, breaking the record of 4.64 billion USD in December 2006, the Central Statistics Office (BPS) has said.
Indonesia's trade surplus hits record high ảnh 1Illustrative image (Photo: Reuters)
Jakarta (VNA) - Indonesia posted a trade surplus of 4.74billion USD in August 2021, breaking the record of 4.64 billion USDin December 2006, the Central Statistics Office (BPS) has said.

Speaking at an online press conference on September 15, BPS headMargo Yuwono said Indonesia's total export turnover reached 21.42billion USD, while its imports only hit 16.68 billion USD. According to BPS,the export value alone has exceeded far from the record of 18.65 billion USDin August 2011.

Margo said the export turnover soared thanks to the sharpfluctuations in prices of some commodities in the international market,including the main export markets of Indonesia, as well as increased importdemand.

According to BPS, Indonesia's exports increased in both volume andprice. The highest increase in exports included palm oil and coal, whileprices of both strategic commodities also increased sharply in theinternational market.

Indonesia's total import turnover also increased by 10.35 percent from 15.11 billion USD in July. Margoattributed this to the government's easing of the restriction on communityactivities (PPKM)./.
VNA
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