JAKARTA. The trade balance records surplus, as exports show a trend of increase. Data from Central Statistic Agency (BPS) show a worth of US$ 837.8 million surplus in November 2016. The surplus was supported by the exports, which grew by 5.91% to US$ 13.5 billion since October 2016. The export growth was supported by 6.04% increase in non-oil and gas exports since October 2016, while oil and natural gas exports only grew by 4.47%. During the same period, the imports of oil and gas grew by 13.89%, while the imports of non-oil and gas grew by only 9.39%. The trade surplus in the period was lower than in October 2016. This was driven by the seasonal factor, of which ahead of the end of year the import growth is usually lower than export growth.
Indonesia exports tend to increase
JAKARTA. The trade balance records surplus, as exports show a trend of increase. Data from Central Statistic Agency (BPS) show a worth of US$ 837.8 million surplus in November 2016. The surplus was supported by the exports, which grew by 5.91% to US$ 13.5 billion since October 2016. The export growth was supported by 6.04% increase in non-oil and gas exports since October 2016, while oil and natural gas exports only grew by 4.47%. During the same period, the imports of oil and gas grew by 13.89%, while the imports of non-oil and gas grew by only 9.39%. The trade surplus in the period was lower than in October 2016. This was driven by the seasonal factor, of which ahead of the end of year the import growth is usually lower than export growth.