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Indonesia marks 35th trade surplus in March

JAKARTA
2023-04-17 15:07

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JAKARTA, April 17 (Xinhua) -- Indonesia posted a trade balance surplus of 2.91 billion U.S. dollars in March, marking the 35th surplus since May 2020, according to Statistics Indonesia (BPS) on Monday.

"The surplus mainly came from the non-oil and gas sector of 4.58 billion dollars, but reduced by a deficit in the oil and gas sector of 1.67 billion dollars," said BPS Deputy for Statistical Methodology and Information, Imam Machdi, in a press conference.

The value of exports in March was 23.50 billion dollars in March, down by 11.33 percent from the same month last year, while the value of imports was 20.59 billion dollars, down by 6.26 percent.

The highest non-oil and gas exports in the first quarter of 2023 went to the United States at 5.83 billion dollars, and Japan at 5.41 billion dollars, with a combined contribution of 43.02 percent to the total export value.

From January to March 2023, Indonesia received non-oil and gas items from Japan worth 4.25 billion dollars, and Thailand 2.92 billion dollars, with a combined contribution of 47.64 percent.
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