Indonesia’s trade balance surplus recorded at 3.51 bln USD in November 2021

Jakarta (Indonesia Window) – Indonesia’s trade balance surplus in November 2021 was recorded at 3.51 billion U.S. dollars, with exports valued at 22.84 billion U.S. dollars and imports at 19.33 billion U.S. dollars, according to the Statistics Indonesia (BPS).

Based on non-oil and non-gas commodities, the largest contributors to the surplus were mineral fuels, fats and vegetable oils, as well as iron and steel, BPS’ head Margo Yuwono said at a press conference here on Wednesday (Dec. 15).

Margo added that Indonesia booked trade balance surplus with the U.S. at 1.8 billion dollars with commodities of knitted-clothing and accessories, and unknitted-clothing and accessories.

Indonesia’s trade surplus was also obtained from the Philippines amounting to 801.8 million dollars, coming from mineral fuel, as well as vehicles and their spare parts.

Indonesia also logged a trade balance surplus with Malaysia of 687.8 million dollars from the trade of mineral fuels, and vegetable animal fats and oils.

Nevertheless, Margo said, Indonesia experienced trade deficits with several countries including Thailand, China, and Australia.

“The deficit with Thailand was booked at 405.2 million dollars from commodities made of plastic, machinery and mechanical equipment products and their spare parts,” he said.

With China, Indonesia’s trade deficit reached 366.4 million dollars from the trade of machinery and mechanical equipment products and their parts, as well as machinery and electrical equipment products and their parts.

Meanwhile, Indonesia’s trade deficit with Australia was recorded at 345.4 million dollars from mineral fuels and cereals.

Cumulatively, Indonesia booked a trade balance surplus for the 2021 January-November period at 34.32 billion dollars.

Reporting by Indonesia Window