Indonesian Trade sector Back surplus in October

Central Statistics Agency (BPS) has just released a report on Indonesia's trade sector in October 2014. Although scored a surplus of US $ 20 million, the difference between the export-import balance was below the expectations of analysts polled by the Wall Street Journal (US $ 25 million).

Indonesia's exports for the month of October 2014 reached US $ 15.35 billion, an increase of 0.49% compared to September 2014. While the export value jikaa compared with October 2013, exports decreased by 2.21%. Non-oil exports in October 2014 reached US $ 12.88 billion (up 1.80%) compared to September 2014. As compared to exports in October 2013, this figure fell 0.78%.

The cumulative value of Indonesian exports from January to October 2014 to reach US $ 148.06 billion, down 1.06% compared to the same period in 2013. Similarly, non-oil exports, that figure reached US $ 122.19 billion, down 0.81%.

The value of imports of Indonesia in October 2014 reached US $ 15.33 billion, down 1.40% compared to September 2014. Similarly, when compared to October 2013, imports fell 2.21%. Non-oil imports reached US $ 11.75 billion, down 1.21% compared to September 2014. Likewise, when compared to October 2013, non-oil imports fell 3.69%.

Oil imports in October 2014 reached US $ 3.58 billion, down 2.03 compared to September 2014. However, when compared to October 2013, the figure rose 2.99%. The cumulative value of imports from January to October 2014 to reach US $ 149.70 billion, down 4.05% when compared to the same period in 2013. The cumulative value of imports consist of oil imports amounted to US $ 36.60 billion (down 1.37%) and non-oil amounting to US $ 113.10 billion (down 4.89%).

Based on the data above, the Indonesian trade surplus in November was US $ 0.02 billion ($ 20 million). The trade surplus obtained from the calculation of the non-oil sector surplus of US $ 1.13 billion and oil and gas sector deficit of US $ 1.11 billion. In terms of trading volume, the surplus in October 2014 stood at 30.66 million tons. Balance of the non-oil sector surplus of 31.18 million tonnes and the balance of the non-oil deficit of 0.52 million tonnes. For the record last September, Indonesia's trade sector had a deficit of US $ 270 million

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