Longsor Trade Balance Surplus Only 440 Million US Dollars

Illustration (Photo: Doc. Antara)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's trade balance in May 2023 was in a surplus position of 440 million US dollars.

BPS Deputy for Balance and Statistics Analysis Moh. Edy Mahmud said the score extended the surplus record for 37 consecutive months.

"This surplus has occurred since May 2020," he said while giving a statement to the press crew, Thursday, June 15.

Despite recording positive results, last month's book decreased drastically from April 2023 which was still at 3.94 billion US dollars. Mei's balance sheet was contributed by a surplus in non-oil and gas commodities amounting to 2.28 billion US dollars," he said.

Edy detailed that the export value in May 2023 was US$21.72 billion. Meanwhile, year to date or YTD (January-May) is known to be US$ 108.06 billion.

Then for the import last month, it was stated that it was worth 21.28 billion US dollars and 91.57 billion US dollars YTD.

"Indonesia's trade balance in May 2023 experienced a surplus of 440 million US dollars, but was induced by a deficit in the oil and gas sector worth," concluded Edy.