41 Months In A Row! September Trade Balance Surplus 3.42 Billion US Dollars

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's trade balance in September 2023 was in a surplus position of 3.42 billion US dollars, an increase of 0.3 billion on a monthly basis.

"Indonesia's trade balance has recorded a surplus for 41 consecutive months since May 2020," said BPS Head Amalia Adininggar Widyasanti to Monday, October 16.

He added that the September 2023 surplus looked increased from the previous month.

However, when compared to the same month the year looks lower.

The September 2023 trade balance surplus was supported by a surplus in non-oil and gas commodities of US$5.34 billion, with commodities contributing to the main surplus being mineral fuel (HS27), vegetable animal fats and oils (HS15) and steel iron (HS72).

"The non-oil and gas trade balance surplus in September 2023 is much higher than last month, but lower than September 2022," added Amalia.

At the same time, he continued, the trade balance of oil and gas commodities saw a deficit of 1.92 billion US dollars with commodities contributing to the deficit being crude oil and oil products, where the oil and gas trade balance deficit in September 2023 was higher than the previous month, but lower than the same month last year for the oil and gas trade balance.

"Cumulatively until September 2023, Indonesia's total trade balance surplus reached 27.75 billion US dollars or about 12.10 billion US dollars lower than the same period in the previous year," concluded Amalia.