JAKARTA. The slow increase in imports cannot catch a boost in exports due to the rising commodity prices. Therefore, the trade balance in October 2016 recorded a surplus of US$ 1.21 billion. The value was down slightly compared to the September 2016 surplus, which reached US$1.27 billion. Exports in October 2016 rose by 0.88% to US$ 12.68 billion compared to the previous month (mtm), while imports rose by 1.55% to US $ 11.47 billion. Head of the Central Statistics Agency (BPS) Suhariyanto said, the increase in imports was driven by the imports of machinery, ships, and electrical equipment, especially mobile phones. Based on the groups of goods utilities, the increase in the value of imports was driven by imports of capital goods 8.95% (mtm). In September 2016, imports of the group fell by 11.98% compared to August 2016.
End year preparation boosts imports
JAKARTA. The slow increase in imports cannot catch a boost in exports due to the rising commodity prices. Therefore, the trade balance in October 2016 recorded a surplus of US$ 1.21 billion. The value was down slightly compared to the September 2016 surplus, which reached US$1.27 billion. Exports in October 2016 rose by 0.88% to US$ 12.68 billion compared to the previous month (mtm), while imports rose by 1.55% to US $ 11.47 billion. Head of the Central Statistics Agency (BPS) Suhariyanto said, the increase in imports was driven by the imports of machinery, ships, and electrical equipment, especially mobile phones. Based on the groups of goods utilities, the increase in the value of imports was driven by imports of capital goods 8.95% (mtm). In September 2016, imports of the group fell by 11.98% compared to August 2016.
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