BigBussiness – The Central Statistics Agency (BPS) noted that Indonesia’s trade balance in September 2020 had a surplus of 2.44 billion US dollars.
This trade balance surplus is due to higher export value compared to import value. In September 2020, Indonesia’s exports reached $ 14.01 billion, while imports were $ 11.57 billion.
This is the fifth trade balance surplus in a row during the coronavirus or Covid-19 pandemic.
“In the five consecutive months since May, Indonesia has experienced a surplus, and this surplus in September is greater than in August last year of 2.35 billion US dollars,” BPS chief Kecuk Suhariyanto said at a virtual press conference on Thursday. (15.10.2020).
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The trade balance surplus in September is also the largest, because it experienced a deficit in the same period last year.
BPS noted that export activities during September 2020 jumped 6.97 percent compared to the previous month.
In that month, Indonesia’s total exports reached 14.01 billion US dollars, this figure increased by around 6.97 percent compared to the previous month which amounted to 13.10 billion US dollars.
“If we compare the position in September with the position in August 2020, it means that our export value has increased quite well, namely by 6.97 percent,” said Kecuk.
Meanwhile, it reached $ 11.57 billion in imports from September 2020, an increase of 7.71 percent compared to August 2020, but compared to September 2019, it fell by 18.88 percent.
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This annual decline in import performance is the result of coronavirus or Covid-19 outbreaks that have hit the world, including Indonesia.
“Imports in September 2020 continued to experience a negative change of 18.8 percent due to a decline in both oil and gas and non-oil and gas,” Kecuk said.
Kecuk explained that September 2020 non-oil and gas imports reached 10.40 billion US dollars or an increase of 6.18 percent compared to August 2020, but compared to September 2019 it fell by 17.94 percent.
Meanwhile, imports of oil and gas in September 2020 were valued at 1.17 billion dollars, up 23.50 percent compared to August 2020, but compared to September 2019, it fell 26.31 percent.