Indonesia Trade Surplus at $0.13 Billion in November 2017
Jakarta | 15th December 2017
Indonesia’s trade balance surplus in November 2017 is recorded at $0.13 billion, lower than the surplus in October 2017 $1 billion.
” INDONESIA’ TRADE SURPLUS AT $0.13 BILLION “
Such lower surplus is attributable to the decreasing non-oil and gas trade balance surplus and the increasing oil and gas trade balance deficit. However, cumulatively from January-November 2017, the trade balance surplus is recorded 12.02 billion US dollar, much higher than the surplus in the same period in the previous year, which recorded 8.48 billion US dollar.
Bank Indonesia considers that trade balance performance in November 2017 is positive in supporting the current transaction performance. Going forward, trade balance performance is estimated to improve in line with the continued global economic recovery and high prices of global commodities. Such development will support the improvement of economic growth prospect and current transaction performance.
Official Press Release by Bank Indonesia