Indonesia Trade Surplus Beats Expectations


Indonesia recorded a USD1.01 billion trade surplus in October of 2015, significantly up from a USD0.02 billion surplus reported a year earlier and above market consensus, as imports declined more than exports.

In October, exports fell by 20.98 percent year-on-year to USD12.08 billion, following an upwardly revised 17.67 percent drop in a month earlier. Sales of non-oil and gas products dropped by 16.88 percent to USD10.70 billion and those of oil and gas dropped by 42.83 percent to USD1.38 billion.

Imports declined by 27.81 percent year-on-year to USD11.07 billion, following an upwardly revised 25.66 percent fall in the preceding month. Purchases of non-oil and gas products fell by 20.78 percent to USD9.30 billion and those of oil and gas decreased by 50.89 percent to USD1.76 billion.

Compared to the previous month, exports decreased by 4.0 percent. Oil exports fell by 5.09 percent and sales of non-oil and gas products dropped by 3.86 percent. By products, sales declined for: pearls, precious and semi-precious stone (-32.16 percent to USD379.3 million); vehicles other than railways (-14.4 percent to USD478.8 percent); ores, slag and ash (-84.95 percent to USD56.6 million); coffee, tea, mate & spices (-20.11 percent to USD202.2 million) and iron and steel articles (-37.19 percent to USD157.8 million). In contrast, outbond shipments rose for: animal/vegetables fat and oils (+8.46 percent to USD1.56 billion); footwear (+15.29 percent to USD368.0 percent); copper and copper articles (+44.01 percent to USD111.4 million); tin and tin articles (+53.88 percent to USD146.8 million) and edible fruits and nuts (+67.64 percent to USD92 million).

Sales declined to Japan (-9.43 percent to USD1.01 billion), the US (-5.26 percent to USD1.21 billion), Australia (-33.25 percent to USD239.7 percent), South Korea (-10.84 percent to USD394.5 million) and Taiwan (-26.42 percent to USD250.2 million). In contrast, outbond shipments rose to  ASEAN countries (+0.11 percent to USD2.34 billion, the EU countries (+1.04 percent to USD1.23 billion), China (+4.56 percent to USD 1.09 billion) and India (+20.11 percent to USD1.00 billion).

Compared to a month earlier, imports decreased by 4.27 percent. Purchases of oil and gas declined by 8.12 percent and those of non-oil and gas dropped by 3.50 percent. Imports were down for: raw materials (-5.14 percent to USD8.24 billion ) and consumption goods (-6.17 percent to USD772.3 million). In contrast, inbound shipments for capital goods rose 0.23 percent to USD2.05 billion.

In September 2015, the country posted a USD1.02 bllion trade surplus.

During January to October 2015, Indonesia registered a USD8.16 billion trade surplus, as compared to a USD1.65 billion gap a year earlier.

Southeast Asia's biggest economy has been running consistent trade surpluses since December 2014.

Indonesia Trade Surplus Beats Expectations


Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
11/16/2015 11:20:25 AM