JAKARTA - The government through the Coordinating Ministry for Economic Affairs revealed that Indonesia's trade balance performance is still quite impressive with a book surplus of 1.32 billion US dollars in June 2021.
This result is claimed to be a trade balance surplus for 14 consecutive months since May 2020.
Coordinating Minister for the Economy Airlangga Hartarto said the surplus in 2020 even reached a record high in the last decade with a value of 21.62 billion US dollars.
"This figure is also close to the average surplus performance in the peak period 2001-2011 with a value of 26.16 billion US dollars, before finally Indonesia has more frequent deficits since 2012," he said in a press statement, Thursday, July 15.
Airlangga added that Indonesia's trade moncer results were supported by several mainstay non-oil and gas commodities such as animal or vegetable fats and oils (HS 15), mineral fuels (HS 27), and iron and steel (HS 72).
However, the trade balance surplus was suppressed by several commodities that experienced a deficit, mainly from nuclear reactors, boilers, mechanical machinery and equipment (HS 84), electrical machinery and equipment and parts thereof (HS 85), and plastics and goods thereof (HS 39) .
"The performance of the trade balance, which is quite resilient in the midst of the pandemic, needs to be appreciated. However, to maintain the sustainability of the trade surplus going forward, several key factors need to be kept in mind,” he said.
Meanwhile, the key factors include global demand stability, efforts to encourage increased exports, dynamics of main and potential commodity prices, as well as the government's strategy to maintain a balance of import growth, especially in the consumption import component.
For information, on Thursday morning the Central Statistics Agency (BPS) released a report that the value of Indonesia's exports in June 2021 was 18.55 billion US dollars and imports 17.23 billion US dollars.
Just so you know, last month's export value was the highest record since August 2011, while the import value was the highest since October 2018.
また読む:
Non-oil and gas exports contributed 93.32% percent or the equivalent of 17.31 billion US dollars and oil and gas only 6.64 percent or 1.23 billion US dollars.
The increase in exports was also influenced by movements in global commodity prices. Several global commodities experiencing price increases include coal and CPO. The price increases in these two main Indonesian export commodities have contributed to improving export performance in June 2021," said Airlangga.
Meanwhile, the import value in June 2021 amounted to 17.23 billion US dollars, consisting of oil and gas imports worth 2.30 billion US dollars and non-oil and gas imports of 14.93 billion US dollars.
The largest increase in terms of use of goods occurred in the capital goods category, which increased by 35.02 percent on a monthly basis (mtm), followed by raw/auxiliary materials by 19.15 percent (mtm), and consumption goods by 16.92 percent (mtm).
"The increase in imports of raw/auxiliary materials reflects an increase in the performance of the real sector, while the increase in capital goods is also quite good because it has an impact on increasing production capacity," concluded Coordinating Minister Airlangga.
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