Indonesia Trade Surplus Beats Expectations

Indonesia recorded a USD670 million trade surplus in April of 2016, up from a USD480 million surplus reported a year earlier and beating market estimates of a USD190 million as exports fell less than imports.
Statistics Indonesia l Rida Husna | 5/16/2016 6:17:21 AM
Year-on-year, sales dropped by 12.65 percent to USD11.45 billion, following a 13.5 percent decline in March and market estimates of a 11.0 percent decrease. It is the 19th straight month of fall, as sales of non-oil and gas products dropped by 9.32 percent to USD10.56 billion and those of oil and gas dropped by 39.18 percent to USD886.18 million.

Imports decreased by  14.62 percent to USD10.78 billion following a 10.41 percent drop in a month earlier and market forecasts of a 9.15 percent fall. It is also the 19th consecutive month of decline. Purchases of non-oil and gas products fell by 8.46 percent to USD9.42 billion and those of oil and gas decreased by 41.74 percent to USD1.46 billion.

Compared to the previous month, exports were down  by 3.07 percent. Oil exports fell 28.4 percent and sales of non-oil and gas products declined slightly by 0.1 percent. By categories, sales declined for: mineral fuels (-10.59 percent);  pearls, precious and semi-precious stones (-18.05 percent), machine/electrical equipment (-4.77 percent); ores, crust, metal ash (-36.64 percent) and ships (-48.01 percent). In contrast, outbound shipments rose for: animal/vegetable fats and oils (+12.75 percent), vehicles and parts (+12.17 percent), machine/mechanical equipments (+18.44 percent), footwear (+18.26 percent) and tins (+201.37 percent).

Outbound shipments dropped to the ASEAN countries (-2.03 percent to USD2.31 billion), followed by Japan (-10.66 percent to USD952.4 million),  Australia (-17.27 percent to USD172.9 million), South Korea (-1.58 percent to USD420.8 million) and Taiwan (-9.10 percent to USD217.5 million). In contrast, sales were up to the US (+7.28 percent to USD1.34 billion), the EU countries (+2.72 percent to USD1.18 billion), China (+3.76 percent to USD1.04 billion and India (+1.14 percent to USD799.4 million).

Compared to a month earlier, imports fell by 4.62 percent. Purchases of oil and gas decreased by 12.32 percent and those of non-oil and gas was down 3.39 7.88 percent. Imports declined for consumption goods(-12.38 percent to USD864.6 million) and raw materials (-5.35 percent to USD8.15 billion). In contrast, purchases rose by 3.61 percent to USD1.76 billion for  capital goods.

In March 2016, trade surplus was recorded at an upwardly revised USD510 million.

Indonesia Trade Surplus Beats Expectations