Friday, 19 April 2019 | 10:07 WIB

Indonesia’s Trade Balance Surplus by US$ 1.74b in June 2018

BPS Office

JAKARTA NNC - The Central Bureau of Statistics (BPS) recorded a surplus of Indonesia's trade balance at the last point in June 2018.

The number is capable of rising from the beginning of the month this year to US$ 1.74 billion after experiencing a deficit of US$ 1.53 billion in May.

"Thank God June's trade balance experienced a US$ 1.74 billion surplus originating from the oil and gas surplus reaching USD 21, 4 billion, mostly in oil exports," BPS Chief Suryanto said in BPS Building Jakarta on Monday, Jul 16.

Suryano says from January to June 2018, Indonesia's trade balance still experienced a deficit, but has improved and experienced a surplus in March 2018.

Meanwhile between April to May 2018, Indonesia experienced a deficit again due to a very high climb in import and should become a concern.

"Cumulatively, Indonesia's trade balance for period January - May 2018 was still experiencing a deficit of US$ 1.02 billion due to the high price of world oil prompting imports to leap," Suryano said.