Indonesia posted a USD 20 million trade surplus in October of 2014, swinging from a USD 270 million deficit in the preceding month, but down from a USD 24.3 million surplus a year earlier. Year-on-year, exports and imports declined by 2.21 percent.
In October, exports amounted to USD 15.35 billion. Sales of non-oil and gas products fell by 0.78 percent year-on-year and oil and gas exports dropped by 9.50 percent. Imports amounted to USD 15.33 billion with purchases of non-oil and gas products falling by 3.69 percent and of oil and gas increasing by 2.99 percent.
On a monthly basis, exports rose 4.9 percent while imports fell 1.40 percent. Oil exports fell 5.84 percent in October, while sales of non-oil and gas products increased 1.80 percent. Outbond shipments to South Korea fell the most by 18 percent, followed by Taiwan (-14 percent), China (-7.23 percent), Thailand (-4.08 percent) and the United States (-3.71 percent). In contrast, exports to Australia increased the most by 36.91 percent, followed by India (+7.61 percent), the US (+5.11 percent) and the EU countries (+4.10 percent).
Oil and gas imports in October fell 2.03 percent over a month earlier. Purchases of non-oil and gas products also declined 1.21 percent. Inbound shipments from the country's main trading partners mostly increased compared to September. Those from South Korea accelerated by 21 percent, followed by the United States (11.43 percent), the ASEAN countries (4.45 percent) and Japan. In contrast, imports from China fell 8.22 percent, followed by Taiwan (-8.13 percent), Thailand (-7.52 percent) and India (-6.39 percent).
1/2/2015 3:41:19 AM