Indonesia Trade Surplus Smallest in 4 Months
Indonesia posted a trade surplus 0.13 billion in November of 2017, compared to a 0.83 USD billion of surplus a year earlier and below market estimates of a 0.92 USD billion surplus. It was the smallest trade surplus since a deficit in July, as, exports rose less than imports.
In November, exports increased 13.18 percent from a year earlier to 15.28 USD billion, as sales of non-oil and gas products rose 13 percent while those of oil and gas surged 15.15 percent.
Compared to the previous month, exports went up 0.26 percent, as non-oil and gas products increased by 1.82 percent while sales oil exports fell by 14.22 percent.
By categories, outbound shipments went up for: Animal/vegetable fats and oils (8.04 percent); footwear (11.34 percent); knit goods (14.70 percent), and jewellry/gems (18.42 percent).
In contrast sales decreased for: Electrical machinery/aparatus (-2.90 percent); mineral fuel (-6.06 percent); ore, crust, and metal ash (-28.55 percent); rubber and rubber goods (-7.40 percent), and coffe, tea, and spices (-15.48 percent). Sales went up to the most major destination countries: Malaysia (8.87 percent); Thailand (3.44 percent); Germany (3.38 percent); India (2.99 percent); Japan (2.65 percent); the US (8.46 percent), and Taiwan (28.20 percent). In contrast exports declined to Singapore (-3.12 percent); Italy (-8.59 percent); China (-5.03 percent); Australia (-0.18 percent); South Korea (-18.85 percent), and the Netherlands (-1.48 percent).
Imports jumped 19.62 percent from a year earlier to 15.15 USD billion in November, as purchases of non-oil and gas rose 18.05 percent to 12.92 billion and those of oil and gas surged 29.56 percent to 2.23 USD billion.
Compared to the prior month, imports rose by 6.42 percent. While purchases of non-oil and gas increased 7.37 percent, those of oil and gas went up by 1.22 percent. Imports increased the most for capital goods (20.65 percent to 2.64 USD billion), followed by consumption goods (8.21 percent to 1.36 USD billion), and raw material (3.32 percent to 11.15 USD billion).
Imports went up from: Japan (2.87 percent); the US (2.03 percent); China (19.26 percent); India (16.95 percent); Taiwan (14.25 percent); Thailand (7.13 percent); Singapore (13.91 percent); Italy (29.12percent), and Malaysia (1.43 percent). In contrast, imports decreased from the Netherlands (-18.69 percent); South Korea (-1.85 percent); Germany (-0.09 percent), and Australia (-8.86 percent).
Considering January to November 2017, the trade surplus was 12.02 USD billion, with exports rising by 17.69 percent compared to the same period a year earlier to 153.90 USD billion and imports increasing by 15.47 percent to 141.88 USD billion.
12/15/2017 11:08:01 AM