{"id":174863,"date":"2019-11-15T15:49:09","date_gmt":"2019-11-15T08:49:09","guid":{"rendered":"https:\/\/setkab.go.id\/?p=174863"},"modified":"2019-11-18T10:52:17","modified_gmt":"2019-11-18T03:52:17","slug":"indonesia-trade-balances-in-surplus-of-us161-3-million-in-october-2019-bps","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/indonesia-trade-balances-in-surplus-of-us161-3-million-in-october-2019-bps\/","title":{"rendered":"Indonesia Trade Balance\u2019s in Surplus of US$161.3 Million in October 2019: BPS"},"content":{"rendered":"
\"\"

Head of BPS Suhariyanto delivers his press statement at the BPS Headquarters, Jakarta, Friday (15\/11). (Photo by: ANTARA)<\/p><\/div>\n

The Central Statistics Agency (BPS) has reported that Indonesia\u2019s export value stood at US$14.93 billion in October 2019, increasing by 5.92 percent compared to that in September 2019 at US$14.09 billion.<\/p>\n

Meanwhile, Indonesia\u2019s import is at US$14.77 billion in October, rising by 3.75 percent compared to that in September 2019.<\/p>\n

\u201cThus, Indonesia secured a trade balance surplus of US$161.3 million in October 2019,\u201d Head of the BPS Suhariyanto said in his press statement at the BPS Headquarters, Jakarta, Friday (15\/11).<\/p>\n

According to Suhariyanto, the surplus is likely to counterbalance trade balance deficit in the future.<\/p>\n

\u201cThe increase of export in October was caused by non-oil and gas export that grows by 5.56 percent to US$14,007.7 million from previously at Rp13,269.5 million in September 2019. Non-oil and gas export alone experienced an increase of 11.58 percent, from US$830 million to US$926.1 million,\u201d he said.<\/p>\n

The volume of export in October, he added, also increased by 12.47 percent compared to that in September 2019 caused by an increase of 12.42 percent of non-oil and gas export volume and an increase of 13.78 percent of oil and gas export volume.<\/p>\n

Compared to the figure in the same month last year, the export volume in general increased by 8.45 percent, while non-oil and gas export increased by 10.31 percent, and oil and gas export decreased by 25.05 percent.<\/p>\n

Suhariyanto asserted that the largest contributor to the increase of non-oil and gas export in October 2019 is mineral fuel with US$144.6 million (8.24 percent). Meanwhile, the most significant decline is on ships, boats, and floating structures with US$74.1 million (86.68 percent).<\/p>\n

The increase was reported in several Indonesia major trading partner countries for exports, among others, China with US$359.7 (14.94 percent); Japan with US$102.4 million (8.99 percent); Thailand with US$79.8 million (18.06 percent); Malaysia with US$77.8 million (13.01 percent); India with US$76.5 million (8.23 percent); Australia with US$54.2 million (35.16 percent); the United States with US$48 million (3.24 percent); Italy with US$42.4 million (31.50 percent); Germany with US$24.6 million (12.84 percent); and the Netherland with US$24.4 million (11.06 percent).<\/p>\n

Regarding Indonesia\u2019s import value, Suhariyanto added, the figure in October 2019 stood at US$14,772.5 million or increased by US$509.1 million (3.57 percent) compared to that in September 2019. The increase is due to a rise of US$163.4 million (10.26 percent) of oil and gas import and a rise of US$345.7 million (2.73 percent) of non-oil and gas import.<\/p>\n

The rise of oil and gas import was triggered by an increase of oil and gas products import by US$132.2 million (12.60 percent) and US$34 million (18.78) respectively. On the other hand, crude oil import declined by US$2.8 million (0.77 percent).<\/p>\n

The most significant increase of import of non-oil and gas sectors on October 2019 was on Electrical Equipment and Machinery recorded at US$122.8 million, increasing 7.26 percent as against September 2019, while the most significant decline is on Electrical Equipment and Aircraft\u00a0Engines with US$109.9 million (4.65 percent).<\/p>\n

The Head of BPS went on to say that cumulative counting of import value from January to October 2019 was recorded at US$140,893.5 million or decreased by 9.94 percent (US$15,551 million) compared to that in the same period in 2018. The decrease of oil and gas import and non-oil and gas import reached US$7,359.1 million (29.46 percent) and US$8,191.9 million (6.23 percent) respectively.<\/p>\n

During the period from January to October 2019, China was the country with the highest non-oil and gas imports to Indonesia (US$36.32 billion or 29.46 percent), followed by Japan with US$13.28 billion (10.77 percent), and Thailand with US$7.92 billion (6.42 percent). (BPS Public Relations\/ES)\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

Translated by : Rany Anjany Subachrum
\nEdited by : M. Ersan Pamungkas<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Statistics Agency (BPS) has reported that Indonesia\u2019s export value stood at US$14.93 billion in October 2019, increasing by 5.92 percent compared to that in September 2019 at US$14.09 billion. Meanwhile, Indonesia\u2019s import is at US$14.77 billion in October, rising by 3.75 percent compared to that in September 2019.<\/p>\n","protected":false},"author":43,"featured_media":174864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77,66],"tags":[],"class_list":["post-174863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized-en"],"acf":[],"yoast_head":"\nIndonesia Trade Balance\u2019s in Surplus of US$161.3 Million in October 2019: BPS - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/indonesia-trade-balances-in-surplus-of-us161-3-million-in-october-2019-bps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indonesia Trade Balance\u2019s in Surplus of US$161.3 Million in October 2019: BPS - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"The Central Statistics Agency (BPS) has reported that Indonesia\u2019s export value stood at US$14.93 billion in October 2019, increasing by 5.92 percent compared to that in September 2019 at US$14.09 billion. 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