Indonesia Reports Trade Surplus in April

Indonesia recorded a USD 0.45 billion trade surplus in April of 2015, rebounding from a 1.96 billion deficit reported a year earlier and beating market consensus, as imports declined more than exports.

In April, exports fell by 8.46 percent year-on-year to USD 13.08 billion. Sales of non-oil and gas products fell by 0.13 percent to USD 11.63 billion and those of oil and gas dropped by 45 percent to USD 1.46 billion.

Imports declined by 22.31 percent year-on-year to USD 12.63 billion. Purchases of non-oil and gas products fell by 18.06 percent to USD 10.30 billion and those of oil and gas decreased by 36.74 percent to USD 2.34 billion.

Compared to the previous month, exports fell by 4.04 percent. Oil exports declined by 26.68 percent and sales of non-oil and gas products declined by 0.13 percent. By products, sales increased for: fat and animal/natural oils (+17.18 percent to USD 1.85 billion), rubber and rubber articles (+10.79 percent to USD 549.9 million), footwear (+21.58 percent to USD 416.4 million), chemical products (+20.91 percent to USD 252.8 million) and iron and steel (+26.55 percent to USD 115.3 million). In contrast, outbond shipments declined for: mineral fuels (-11.73 percent to USD 1.50 billion); machinery/electrical equipments (-3.72 percent to USD 737.8 million); pearls/gems (-10.59 percent to USD 512.9 million); knitted wear (-11.89 percent to USD 261.3 million) and ores, slag and ash (-53.69 percent to USD 99.5 million).

Sales to the country's major trading partners were mostly up except those to Japan, the ASEAN countries and South Korea. Those to India increased the most by 8.73 percent to USD 1.19 billion, followed by China (+6.26 percent to USD 1.18 billion), the US (+3.41 percent to USD 1.38 billion), the EU countries (+8.62 percent to USD 1.33 billion), Taiwan (+9.7 percent to USD 381.2 million) and Australia (+5.49 percent to USD 174.2 million). In contrast, sales to Japan declined by 11.50 percent to USD 1.03 billion), the ASEAN countries (-4.91 percent to USD 2.31 billion) and South Korea (-11.41 percent to USD 436.3 million).

Compared to the previous month, imports increased by 0.16 percent. Purchases of oil and gas in rose by 3.0 percent while those of non-oil and gas decreased by 0.46 percent. Imports of raw materials fell by 3.86 percent to USD 9.70 billion. In contrast, those of capital goods declined by 13.62 percent to USD 21.52 percent to USD 2.03 billion million) and purchases of consumption goods decreased by 2.10 percent to USD 910.8 million).

In March 2015, the country posted a revised USD 1.02 billion trade surplus.

Indonesia has been running a consistent trade surpluses since December 2014.

Indonesia Reports Trade Surplus in April

Statistics Indonesia l Rida Husna l
5/15/2015 10:35:21 AM