Indonesia Trade Balance Swings to Surplus in August

Indonesia recorded a USD430 million trade surplus in August of 2015, swinging from a USD312 million gap reported a year earlier, as imports declined more than exports.

In August, exports fell by 12.28 percent year-on-year to USD12.71 billion. Sales of non-oil and gas products fell by 5.99 percent to USD11.17 billion and those of oil and gas dropped by 41.08 percent to USD1.53 billion.

Imports declined by 17.06 percent year-on-year to USD12.27 billion. Purchases of non-oil and gas products fell by 10.82 percent to USD10.16 billion and those of oil and gas decreased by 37.99 percent to USD2.11 billion.

Compared to the previous month, exports increased by 10.79 percent. Oil exports rose 7.67 percent and sales of non-oil and gas products increased by 11.23 percent. By products, sales rose for: rubber & rubber articles (+16.75 percent to USD569.2 million); pearls, precious and semi-precious stone (+121.7 percent to USD431.9 million); vehicles other than railways (+41.04 percent to USD508.0 million); machinery/mechanical equipments (+37.26 percent to USD538.9 million) and tea, coffee and  spices (+49.06 percent to USD300.6 million). In contrast, outbond shipments declined for: animal or vegetative oils and fats (-4.32 percent to USD1.38 billion); mineral fuels (-2.13 percent to USD1.28 billion); chemical products (-14.19 percent to USD197.6 million); tin (-99.96 percent to USD 0.0 billion) and aircraft, spacecraft and parts (-71.67 percent to USD7.4 million).

Sales to all of the country's major trading partners were up except those to India. Exports to ASEAN countries increased by 10.01 percent to USD2.34 billion, followed by the US (+14.09 percent to USD 1.33 billion), Japan (+3.76 percent to USD1.04 billion), China (+0.57 percent to USD1.11 billion), the EU countries (+11.25 percent to USD1.23 billion), Australia (+11.13 percent to USD321.3 million), South Korea (+21.2 percent to USD521.2 percent and Taiwan (+40.70 percent to USD333.6 million). In contrast, exports to India declined by 7.14 percent to USD774.0 million.

Compared to the previous month, imports increased by 21.69 percent. Purchases of oil and gas declined by 8.12 percent while those of non-oil and gas increased by 30.48 percent. Imports rose for all categories: raw materials (+18.56 percent to USD9.15 billion ), capital goods (+23.0 percent to USD2.04 billion) and consumption goods (+52.98 percent to USD1.08 billion).

In July 2015, the country posted an upwardly revised USD1.39 bllion trade surplus.

During January to August 2015, Indonesia registered a USD6.22 billion trade surplus, as compared to a USD1.41 billion gap a year earlier.

Southeast Asia's biggest economy has been running a consistent trade surpluses since December 2014.

Indonesia Trade Balance Swings to Surplus in August

Statistics Indonesia l Rida Husna |
9/15/2015 5:54:29 AM