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Indonesia's trade balance surplus surges to 4.47 bln USD in March

JAKARTA
2024-04-22 15:33

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JAKARTA, April 22 (Xinhua) -- Indonesia registered a trade balance surplus of 4.47 billion U.S. dollars in March, surging from 870 million dollars in the previous month, Statistics Indonesia (BPS) reported on Monday.

The figure marked Indonesia's 47th consecutive month with a trade balance surplus since May 2020.

The total export value fell 4.19 percent year on year to 22.43 billion dollars, while import value dropped 12.76 percent year on year to 17.96 billion dollars, showed the BPS data.

"Primarily, the surplus from the oil and gas sector was 6.51 billion dollars, although this was reduced by the oil and gas sector deficit of 2.04 billion dollars," said acting head of BPS Amalia Widyasanti at a press conference.

In the cited month, the export of gold and gems products increased sharply by 206.58 percent month on month to 925.8 million dollars, while for the import, cereals logged a rise of 25.97 percent to 182.2 million dollars.

For the period from January to March, West Java province contributed most to the total export of the Southeast Asian country, with a value recorded at 9.15 billion dollars or 14.71 percent, followed by East Java with 6.33 billion dollars, or 10.18 percent and East Kalimantan with 6.29 billion dollars, or 10. 11 percent.
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