Trade Balance Surplus Shrinks In April, Deputy Minister Of Trade: Fluctuating Again

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's trade balance in April 2024 reached USD 3.56 billion. Even so, this surplus decreased by 5.17 percent on a monthly basis or month on month (MOM) when compared to the previous month.

Responding to this, Deputy Minister of Trade (Wamendag) Jerry Sambuaga said this was due to fluctuations.

"(The trade balance investigation) is because there are fluctuations. That's the same with maybe some developments that are there are indeed ups and downs. But, right, we see that the whole thing remains a surplus," said Deputy Minister of Trade Jerry when met by reporters after the Inabuyer B2B2G Expo 2024 event at the Smesco Building, Jakarta, Wednesday, May 15.

Jerry did not deny that the trade balance did experience a decline of around 1-2 billion US dollars from the previous month. However, he emphasized that the most important thing right now is that all of them are in a conducive condition.

For example, for example, Indonesia's consistent economic growth grew by around 5 percent and also inflation which was maintained below 3 percent.

"I think this is what ensures that we all parties are not only the government, but also business actors to be more optimistic, confident and confident that in the future we will be better," he said.

He is optimistic that Indonesia's trade balance can increase again in May 2024. "Yes, God willing," he added.