JAKARTA – The trade surplus of Indonesia has shown a progressive trend for the past three years since May 2020. Until February 2023, the trade surplus clocked up to USD 5.48 billion, the highest within the past 34 months.

According to the Statistics Indonesia (lit. Badan Pusat Statistik/BPS) data quoted Thursday (16/3), the export value reached USD 21.40 billion, whereas import was recorded at USD 15.02 billion. The trade surplus still came from the non-oil and gas sector, listing primary commodities such as mineral fuel, animal and vegetable fats and oils, as well as steel iron. Meanwhile, the oil and gas deficit was recorded from crude oil and oil products.

The countries that contributed to the trade surplus include the United States (US), India, and China. The trade surplus from US was at USD 1.32 billion, resulting from export of USD 1.91 billion and import of USD 583.6 million. Then, the trade surplus recorded from India clocked up to USD 1.08 billion, originating from export of USD 1.61 billion and import of USD 531.4 million. Lastly, the trade surplus from China amounted to USD 999.8 million, which was resulted from export of USD 5.03 billion and import of USD 4.03 billion.

On the other hand, the trade deficit was seen in trades with Australia, recording deficit of USD 400.4 million, Thailand of USD 342.1 million, and Brazil of USD 158.8 million. Export to Australia was only USD 221.2 million, while its import was USD 621.6 million. Thailand’s export value reached USD 556.4 million, followed by import value of USD 898.5 million. Then, export to Brazil was at USD 108.6 million, countered by import of USD 267.4 million. (LK/ZH)