According to Statistics Indonesia (BPS) Deputy for Distribution and Service Statistics, Pudji Ismartini, Indonesia recorded a surplus of USD 3.31-billion in its trade balance in December 2023, marking its 44th consecutive monthly surplus since May 2020, Antara News is reporting.
Ismartini noted that in December 2023, Indonesia had enjoyed trade surpluses with India, the United States, and the Philippines, adding that the total surplus, however, was lower when compared to USD 3.92-billion recorded in December 2022.
She pointed out that non-oil and non-gas commodities had been the most significant contributors to the December 2023 surplus, with mineral fuels, vegetable and animal fats, iron, and steel being the main commodities.
Meanwhile, the trade balance of oil and gas commodities experienced a deficit of USD 1.89-billion, with the main commodities being oil and crude oil, according to Antara News.
“The deficit in oil and gas trade in December 2023 stood lower than the previous month but higher than the figure recorded in December 2022,” she stated.
Cumulatively, the total value of Indonesia’s trade surplus during the January-December 2023 period was at USD 36.93-billion, a decline of 33.46-percent, or about USD 17.52-billion, as compared to that during the same period in 2022, say Antara News.
Ismartini said that based on data for the 2013-2023 period, Indonesia has been enjoying consecutive surpluses in trade in goods for the last four years, with the highest figure recorded in 2022.
Meanwhile, the total value gained from exports in December 2023 had reached USD 22.41-billion, thereby translating to an increase of 1.89-percent as compared to November last year.
In terms of imports, Indonesia recorded a total value of USD 19.11-billion in December 2023, report Antara News.
Source: Antara News
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