JAKARTA. Trade surplus of Indonesia in July 2024 was reported at USD 0.47 billion, much lower than June 2024’s trade surplus of USD 2.39 billion.

Erwin Haryono, Head of Department of Communication of Bank Indonesia (BI), mentioned that July 2024’s trade surplus is still able to support external resiliency of national economy.

“Bank Indonesia continues to strengthen the synergy of policy with the government and other authorities, in order to improve external resiliency and support sustainable national economic growth,” said Haryono.

For the record, July 2024’s trade surplus was supported by non-oil and gas trade that reached USD 2.61 billion.

Several non-oil and gas commodities that drove the surplus range from natural resources, metal ores, manufacturing products, including precious metal, machine, electronic equipment, and automotive. Primary export destinations in July 2024 include China, the United States, and Ina.

In the meantime, oil and gas sector saw deficit of USD 2.13 billion, resulted from skyrocketing oil and gas import throughout July 2024. (KR/ZH)