The Trade Balance Surplus January 3.8 Billion Dollars, Record 33 Months Continuing

JAKARTA The Central Statistics Agency (BPS) stated that Indonesia won a trade balance surplus of US$3.87 billion in January 2023.

Deputy for Statistics for Production at BPS Habibullah explained that the book was obtained from a higher export value of 22.31 billion US dollars compared to imports of 18.44 billion US dollars.

"Indonesia's trade balance has been in surplus for 33 consecutive months since May 2020," he said during a press conference on Wednesday, February 15.

According to Habibullah, the non-oil and gas sector is the main contributor to the surplus-forming population with the mainstay commodities of mineral fuels, animal/vegetable fats and oils, as well as steel and ore. Meanwhile, the deficit occurs in crude oil commodities and oil products.

"The trade balance surplus is supported by a non-oil and gas commodity balance surplus", he added.

Habibullah added that Indonesia's non-oil and gas trade balance surplus, according to the United States, was contributed the most by the United States by 1.17 billion US dollars.

In second place comes from the Philippines 909.2 million US dollars and third place by India with a surplus value of 810.5 million US dollars.

Meanwhile, in the ASEAN region, Indonesia managed to record a trade balance surplus of 1.42 billion US dollars in January 2023.

Positivity in trade occurred in almost all Southeast Asian countries except Thailand and Laos, where Indonesia recorded a deficit of US$398.8 million and US$10.8 million, respectively.