Indonesia Trade Surplus Widens In April
Indonesia posted a trade surplus of 1.24 USD billion in April of 2017, compared to a 0.66 USD billion surplus a year earlier and above market estimates of a 0.86 USD billion surplus. Considering January to April 2017, the goods surplus was recorded 5.33 USD billion, exports rose by 18.63 percent compared to the same period a year earlier to 53.86 USD billion while imports increased 13.51 percent to 48.53 USD billion.
5/15/2017 6:05:01 AM
Year on year, exports increased 12.63 percent from a year earlier to 13.17 USD billion in April of 2017, compared to an upwardly revised 24.30 percent rise in March and slower than market estimates of a 22.45 percent growth. It was the seventh straight month of increase, as sales of non-oil and gas products rose 12.89 percent to 12.19 USD billion while those of oil and gas rose by 9.54 percent to 0.98 USD billion.
Imports to Indonesia increased 10.31 percent from a year earlier to 11.28 USD billion in April of 2017, following a downwardly revised 17.59 percent growth in a month earlier while markets expected a 21.45 percent gain. It was the seventh consecutive month of increases as purchases of oil and gas jumped 18.26 percent to 1.61 USD billion while those of non-oil and gas rose 9.16 percent to 10.32 USD billion.
Compared to the previous month, exports decreased 10.30 percent, as non-oil and gas products went down by 7.43 percent while sales oil exports dropped by 35.36 percent. By categories, outbound shipments rose for: crust and metal (149.58 percent), jewelry/gems (2.38 percent), tin (9.23 percent), copper (22.42 percent), and ship (218.53 percent). In contrast sales decreased for : rubber and rubber goods (-10.70 percent), mineral fuels (-6.23 percent), machinery and electrical equipment (-16.32 percent), iron ore, animal fat and oil (-12.23 percent), and apparel not knitted (-20.94 percent). Sales went up to Taiwan (20.01 percent) and India (11.53 percent). In contrast sales fell to the ASEAN countries (-8.08 percebt), the EU (-6.19 percent), China (-12.40 percent), Japan (-16.28 percent), the USA (-9.59 percent), Australia (-17.02 percent), and South Korea (-12.93 percent).
Compared to the prior month, inbound shipments decreased by 10.20 percent. While purchases of non-oil and gas fell 6.26 percent, those of oil and gas dropped by 29 25 percent. Imports went down the most for consumption goods (17.73 percent to 1.11 USD billion), followed by raw material (9.75 percent to 8.95 USD billion), and capital goods (7.38 percent to 1.87 USD billion).
In March 2017, trade surplus was upwardly revised to 1.39 USD billion.