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Indonesia’s Trade Surplus Narrowed Slightly in January

  • Feb 15, 2023

Indonesia’s trade surplus narrowed in January as prices of key commodity exports including coal and natural gas declined during the month.

The country recorded a trade surplus of $3.87 billion, narrowing slightly from $3.89 billion a month ago.

Analysts polled by The Wall Street Journal tipped for a $3.27 billion surplus.

Indonesia recorded trade surpluses with the U.S., the Philippines and India, the country’s deputy for production statistics M. Habibullah said Wednesday.

In January, exports fell 6.4% from the previous month to $22.31 billion, mostly due to lower exports of mining and processing goods.

Compared with a year earlier, the country’s exports were 16% higher in January.

Indonesia’s imports fell 7.15% from a month ago to $18.44 billion, mostly due to lower imports of consumer goods.

The country’s imports rose 1.3% from a year ago, the statistics agency said.

Source: https://www.marketwatch.com/story/indonesia-s-trade-surplus-narrowed-slightly-in-january-acb3193a