Indonesia Trade Surplus Largest in 4 Months

Indonesia recorded a USD900.2 million trade surplus in June of 2016, up from USD536.0 million surplus reported a year earlier and way above market estimates of a USD300 million. It was the largest trade surplus since February as exports fell less than imports.

Year-on-year, sales dropped by 4.42 percent to USD12.92 billion, following a 9.75 percent decline in May and market expectations of a 12.4 percent drop. It was the 21th straight month of fall, as as sales of non-oil and gas products decreased by 2.85 percent to USD11.73 billion and those of oil and gas dropped by 17.56 percent to USD1.19 billion.

Imports decreased by 7.41 percent to USD12.02 billion, compared to a 4.12 percent fall in May and market consensus of a 10.1 percent decline. It was also the 21th consecutive month of fall. Purchases of non-oil and gas products fell 0.66 percent to USD10.33 billion and those of oil and gas decreased by 34.61 percent to USD1.69 billion.

Compared to the previous month, exports were up  by 12.18 percent. Oil exports rose 23.92 percent and sales of non-oil and gas products rose 11.12 percent. By categories, sales rose for: machine/electrical equipments (+11.57 percent), machine/mechanical equipment (+40.62 percent), apparel not knitted (+45.91 percent), knitted materials (+56.70 percent) and ores, crust, metal ash (+128.73 percent). In contrast, outbound shipments fell for: animal/vegetable fats and oils (-5.08 percent), pearls, precious and semi-precious stones (-6.05 percent), iron and steel articles (-52.23 percent), pulp (-17.19 percent) and inorganic chemicals (-25.01 percent). 

Sales were up to all of the country's main trading partners: the ASEAN countries (+10.65 percent to USD2.56 billion), the EU countries (+4.40 percent to USD1.23 billion), Japan (+23.33 percent to USD1.24 billion), China (+23.33 percent to USD1.21 billion), the US (+26.90 percent to USD1.63 billion), India (+6.48 poercent to USD773.8 million)  and South Korea (+12.69 percent to USD482.9 million). 

Compared to a month earlier, imports went up 7.86 percent. Purchases of oil and gas increased by 1.02 percent and those of non-oil and gas was up 9.07 percent. Imports rose for all categories: consumption goods(+14.20 percent to USD1.14 billion), raw materials (+4.62 percent to USD8.89 billion) and capital goods (+20.79 percent to USD1.99 billion).

In May 2016, trade surplus was marginally revised to USD373.6 million.

Indonesia Trade Surplus Largest in 4 Months

Statistics Indonesia l Rida Husna |
7/15/2016 6:36:51 AM