Indonesia trade balance swung to USD 70 million surplus in May from 2 billion USD deficit in April. On yearly basis, exports and imports declined respectively by 8.11 percent and 11.43 percent.
Indonesia exported USD 14.82 billion in May from USD 14.29 billion in April. While sales to China become the main contributor with a 13.8 percent increase compared to the previous month, shipments to India rose 19.38 percent from a month earlier. Exports to the ASEAN countries climbed 5.7 percent and those to the European Union saw steady progress with only rose by 0.6 percent.
Inbound shipments in May fell to USD 14.76 billion compared with 11.9 percent increase in April. While crude oil imports increased sharply 21.43 percent to USD 1.3 billion in May from the previous month, purchasing of gas and oil products fell respectively 14.32 percent and 7.48 percent from a month earlier.
7/1/2014 8:55:20 AM