Sun, 05 Dec 2021

JAKARTA, Oct. 15 (Xinhua) -- Indonesia recorded a trade balance surplus of 4.37 billion U.S. dollars in September 2021 with an export value of 20.60 billion dollars and an import value of 16.23 billion dollars, according to the country's Central Agency of Statistics.

Thus, Indonesia's trade balance experienced a 17-month surplus in a row, the agency's head Margo Yuwono told a virtual press conference in Jakarta on Friday.

Non-oil and non-gas commodities that made the largest contribution to the surplus were mineral fuels, vegetable fats and animal oils, as well as iron and steel, he noted, adding that the countries that contributed to the largest surplus were the United States, India, and the Philippines.

Yuwono pointed out that the trade balance with the U.S. experienced a surplus of 1.5 billion dollars with clothing and accessories representing the largest contribution to the surplus.

He further said the trade with India also underwent a surplus of 718.6 million dollars, with the main commodities being mineral fuels and vegetable animal fats.

A trade surplus also occurred with the Philippines, which reached 713.9 million dollars, where the largest contributors to the surplus were mineral fuels, vehicles and automotive spare parts.

However, Indonesia also experienced a trade deficit with several countries including Australia, Thailand, and Ukraine, Yuwono said.

"The deficit with Australia was recorded at 529.7 million dollars, with Thailand it reached 346.8 million dollars, and with Ukraine it was 247.2 million dollars, he added.

Thus, Indonesia's trade balance cumulatively in the January-September 2021 period experienced a surplus of 25.07 billion dollars, he said.

"This figure is very high when compared to previous years. For example, in the same period of 2020 the surplus was recorded at 13.35 billion dollars and even in 2019 we experienced a deficit," he stated.

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