Indonesia Trade Balance Swings to Large Surplus


Indonesia recorded a USD1.02 billion trade surplus in September of 2015, swinging from a USD0.26 billion gap reported a year earlier and beating market expectations, as imports declined more than exports.

In September, exports fell by 17.98 percent year-on-year to USD12.53 billion. Sales of non-oil and gas products dropped by 12.45 percent to USD11.08 billion and those of oil and gas dropped by 44.66 percent to USD1.45 billion.

Imports declined by 25.95 percent year-on-year to USD11.52 billion. Purchases of non-oil and gas products fell by 19.29 percent to USD9.56 billion and those of oil and gas decreased by 47.63 percent to USD1.91 billion.

Compared to the previous month, exports decreased by 1.55 percent. Oil exports fell by 5.20 percent and sales of non-oil and gas products dropped by 1.06 percent. By products, sales declined for: mineral fuels (-6.56 percent to USD1.19 billion); rubber & rubber articles (-10.86 percent to USD507.3 million); machinery/mechanical equipments (-18.18 percent to USD441.4 million); tea, coffee and  spices (-15.79 percent to USD253.1 million) and aluminium (-54.34 percent to USD35.6 million). In contrast, outbond shipments increased for: machines/electrical equipments (+6.83 percent to USD764.0 million); 
pearls, precious and semi-precious stone (+29.49 percent to USD559.3 million); vehicles other than railways (+10.32 percent to USD560.5 million); iron and steel articles (+16.96 percent to USD251.1 million) and tins (+154.96 percent to USD95.4 million).

Exports to  ASEAN countries decreased by 1.69 percent to USD2.31 billion, followed by the US (-3.63 percent to USD 1.28 billion), China (-5.44 percent to USD1.05 billion), the EU countries (-1.19 percent to USD1.21 billion) and South Korea (-15.34 percent to USD441.3 million). In contrast, outbond shipments increased to India (+7.70 percent to USD833.6 million), Japan (+4.29 percent to USD1.09 billion), Australia (+11.76 percent to USD359.1 million) and Taiwan (+1.49 percent to USD338.5 million).

Compared to the previous month, imports decreased by 7.16 percent. Purchases of oil and gas declined by 9.29 percent while those of non-oil and gas dropped by 6.72 percent. Imports were down for all categories: raw materials (-6.62 percent to USD8.66 billion ), capital goods (-0.74 percent to USD2.03 billion) and consumption goods (-23.94 percent to USD821.5 million).

In August 2015, the country posted a downwardly revised USD0.33 bllion trade surplus.

During January to September 2015, Indonesia registered a USD7.13 billion trade surplus, as compared to a USD1.67 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 Large Surplus


Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
10/15/2015 6:56:28 AM