Break The Record! Trade Balance Surplus 21 Billion US Dollars, The Highest Since 2011

Loading and unloading activities at JITC Port (Photo: JITC)

Jakarta - The Central Statistics Agency (BPS) said that Indonesia managed to record a positive performance in international trade with a record surplus of 21.71 billion. Head of BPS Suhariyanto said the book was the highest since 2011.

"Overall, the increase in our exports is due to high volume and commodity prices, which causes the export performance in 2020 to be very bright," he said in a virtual press conference, Friday, January 15.

Dian further explained that the value of Indonesia's exports in December 2020 reached 16.54 billion US dollars, an increase of 8.39 percent compared to exports in November 2020. Likewise, compared to December 2019, it increased by 14.63 percent.

"Cumulatively, the value of Indonesia's exports from January to December 2020 reached US $ 163.31 billion or decreased 2.61 percent compared to the same period in 2019, likewise non-oil and gas exports reached US $ 155.00 billion or decreased 0.57 percent," he said. .

Meanwhile, the largest increase in non-oil and gas exports in December 2020 against November 2020 occurred in animal / vegetable fats and oils amounting to US $ 264.2 million (11.23 percent), while the largest decrease occurred in iron and steel amounting to US $ 77.7 million (6 , 06 percent).

By sector, non-oil and gas exports from the processing industry from January to December 2020 rose 2.95 percent over the same period in 2019, likewise exports of agricultural products increased by 13.98 percent, while exports of mining and other products fell by 20.70 percent.

The largest non-oil and gas export in December 2020 was to China, namely 3.32 billion US dollars, followed by the United States 1.87 billion US dollars and Japan 1.25 billion US dollars, with the contribution of the three reaching 41.50 percent. Meanwhile, exports to the European Union (27 countries) amounted to US $ 1.27 billion.

According to the province of origin, Indonesia's largest exports in January-December 2020 came from West Java with a value of 26.59 billion US dollars (16.28 percent), followed by East Java with 20.31 billion US dollars (12.44 percent) and Riau 13 , 77 billion US dollars (8.43 percent).