Thailand
Indonesia records trade surplus of US$1.32 billion in June
It is a remarkable achievement that Indonesia’s trade balance has always been excessive in the last 14 months since May, 2020 until June, 2021.
Jakarta (ANTARA) – Indonesia’s balance of trade registered a surplus of US$1.32 billion in June, 2021, with exports touching US$18.55 billion and imports valued at US$17.32 billion, the Central Statistics Agency (BPS) reported.
Mineral fuels, vegetables, animal oils/fats, iron, and steel were commodities that contributed greatly to the surplus, it said.
“It is a remarkable achievement that Indonesia’s trade balance has always been excessive in the last 14 months since May, 2020 until June, 2021,” BPS head Margo Yuwono said at an online press conference, originating from Jakarta Thursday.
While the nation’s exports increased 54.56 percent compared to June, 2020, imports also jumped 60.12 percent year on year, he added.
The increase in exports in June, 2021 was also led by a rise in price of commodities, such as Indonesian Crude Price (ICP), which climbed 7.42 percent month on month, or 91.47 percent year on year (yoy), Yuwono said.
Meanwhile, the price of coal soared 21.42 percent month on month or 148.94 percent year on year, nickel rose 2.29 percent month on month or 21.27 year on year, while lead moved up 0.79 percent month on month or 93.3 percent year on year, he informed.
The United States, the Philippines, and Malaysia were among the top importers that contributed to Indonesia’s trade surplus, he added.
Source: https://en.antaranews.com/news/179342/indonesia-records-trade-surplus-of-us132-billion-in-june