Indonesia's trade surplus narrows to 2.48 bln USD in October-Xinhua

Indonesia's trade surplus narrows to 2.48 bln USD in October

Source: Xinhua

Editor: huaxia

2024-11-15 16:28:15

JAKARTA, Nov. 15 (Xinhua) -- Indonesia's trade surplus fell to 2.48 billion U.S. dollars in October from 3.26 billion dollars in the previous month, according to Statistics Indonesia (BPS) on Friday.

The non-oil and gas sector generated a surplus of 4.80 billion dollars in October, while the oil and gas sector recorded a deficit of 2.32 billion dollars, said Amalia Adininggar Widyasanti, BPS acting head, during a press conference.

Exports rose by 10.25 percent year-on-year to 24.41 billion dollars, with animal or vegetable fats and oils contributing significantly. This sector saw an increase of 1.05 billion dollars, or 52.67 percent.

Imports also saw a sharp increase, climbing 17.49 percent year-on-year to 21.94 billion dollars. Machinery and electrical equipment accounted for the highest rise in imports, up 590.1 million dollars, or 29.20 percent.

China, the United States, and India were the top destinations for Indonesia's non-oil and gas exports, totaling 5.66 billion dollars, 2.34 billion dollars, and 2.02 billion dollars, respectively, and representing 43.49 percent of total exports.

On the import side, China remained the largest source, accounting for 6.43 billion dollars, followed by Japan at 1.50 billion dollars and Singapore at 1.09 billion dollars. Together, these three countries made up 49.37 percent of Indonesia's total non-oil and gas imports.