Good News From BPS: September Trade Balance Surplus 4.37 Billion US Dollars, But Lower Than August

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's trade balance in September 2021 experienced a surplus of 4.37 billion US dollars.

The positive book is known to be lower than the previous month, namely August 2021 with a record of 4.74 billion US dollars.

Head of BPS Margo Yuwono said Indonesia's export value in September 2021 reached 20.60 billion US dollars. Meanwhile, the import value in the same period was US$16.23 billion.

"Cumulatively, the value of Indonesia's exports from January to September 2021 reached US$64.29 billion, an increase of 40.38 percent compared to 2020," he said in a virtual press conference, Friday, October 15.

Margo added that the largest non-oil and gas exports in September 2021 were to China, which was 4.54 billion US dollars, followed by the United States 2.34 billion US dollars and Japan 1.54 billion US dollars.

"The three contributed 42.83 percent of all non-oil and gas exports last month," he said.

Meanwhile, oil and gas imports in September 2021 were worth 1.86 billion US dollars, down 8.90 percent compared to August 2021.

Meanwhile, non-oil and gas imports in September 2021 were valued at US$14.37 billion, down 1.80 percent compared to August 2021.

“In general, Indonesia's trade balance surplus last month mainly came from the non-oil and gas sector of US$5.30 billion. while in the oil and gas sector there was a deficit of US$0.93 billion,” concluded Margo.