Indonesia Trade Surplus Widens in May


Indonesia recorded a USD 955 million trade surplus in May of 2015, surging from a 53.27 million surplus reported a year earlier and beating market consensus, as imports declined more than exports.

In May, exports fell by 15.24 percent year-on-year to USD 12.56 billion. Sales of non-oil and gas products fell by 10.07 percent to USD 11.19 billion and those of oil and gas dropped by 42.32 percent to USD 1.37 billion.

Imports declined by 21.40 percent year-on-year to USD 11.60 billion. Purchases of non-oil and gas products fell by 13.87 percent to USD 9.53 billion and those of oil and gas decreased by 43.87 percent to USD 2.08 billion.

Compared to the previous month, exports fell by 12.28 percent. Oil exports declined by 5.36 percent and sales of non-oil and gas products declined by 12.92 percent. By products, sales declined for: fat and animal/natural oils (-17.54 percent to USD 1.52 billion), mineral fuels (-15.69 percent to USD 1.27 billion), machinery/electrical equipments (-12.36 percent to USD 648.2 million), rubber and rubber articles (-10.14 percent to USD 494.2 million) and vehicles other than railway (-10.79 percent to USD 429.70 million). In contrast, outbond shipments increased for: pearls, precious and semi-precious stones (+14.91 percent to USD 589.4 million); ores, slag and ash (+410.84 percent to USD 508.1 million); articles of iron and steel (+64.23 percent to USD 201.7 million); iron and steel (+23.72 percent to USD 142.7 million) and inorganic chemicals (+111.27 percent to USD 64.6 million).

Sales to the country's major trading partners were mostly down except those to Japan, South Korea and Australia. Those to the ASEAN countries declined the most by 6.86 percent to USD 2.15 billion, followed by China (-6.18 percent to USD 1.10 billion), the US (-6.65 percent to USD 1238 billion), India (-3.68 percent to USD 1.14 billion), the EU countries (-1.01 percent to USD 1.31 billion) and Taiwan (-17.72 percent to USD 313.6 million). In contrast, sales rose to Japan by 11.48 percent to USD 1.14 billion), Australia (+57.36 percent to USD 274.1 milllion) and South Korea (+9.16 percent to USD 478.7 million).

Compared to the previous month, imports decreased by 8.05 percent. Purchases of oil and gas fell by 10.95 percent while those of non-oil and gas decreased by 7.39 percent. Imports declined for raw materials (-10.01 percent to USD 8.71 billion ) and  capital goods (-4.02 percent to USD 1.95 billion). In contrast, imports of consumption goods increased by 3.76 percent to USD 944.6 million.

In April 2015, the country posted a revised USD 477.4 million trade surplus.

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

Indonesia Trade Surplus Widens in May


Statistics Indonesia l Rida Husna l rida@tradingeconomics.com
6/15/2015 6:07:51 AM