November 16, 2022, 02.46 PM

JAKARTA, KOMPAS.com - Indonesia’s trade balance posted a surplus of $5.67 billion in October, with exports and imports crossing $24.81 billion and $19.14 billion, respectively, according to Statistics Indonesia (BPS).

Last month marked the 38th straight month of trade surplus since May 2020, BPS’s deputy chief for distribution and service statistics Sutanto told an online press briefing on Tuesday, Nov. 15.

Indonesia recorded the largest surplus in its trade with India, the United States, and China, he said.

Indonesia posted a surplus of $1.69 billion in its trade with India, with mineral fuels, animal or vegetable fats, and oils, as well as iron and steel contributing to the surplus.

Also readIndonesia’s Trade Balance Surplus Maintains Economic Resilience, Says Central Bank

Meanwhile, a surplus of $1.28 billion was recorded in trade with the US driven by machines, electrical appliances, and spare parts, animal or vegetable fats and oils, and footwear.

Besides, Indonesia logged a surplus of $1.04 billion in its trade with China, coming from mineral fuels, iron and steel, and animal or vegetable fats and oils.

However, Indonesia recorded a trade deficit with Australia ($533.8 million), Brazil ($314 million), and South Korea ($188.8 million).

Cumulatively, Indonesia registered a trade surplus of $45.52 billion in the year ended Oct. 31, 2022, up 47.32 percent compared to the same period the previous year.

"The total surplus in the period from January to October, 2022 exceeds a trade surplus of $35.42 billion throughout last year," Sutanto said.

Source: State News Antara

Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.



Latest Video Video Lainnya >

Recommendation
Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
November 24, 2022, 05.14 PM

Malaysia: Opposition Leader Anwar Ibrahim Named PM

News
November 18, 2022, 10.31 PM

Indonesia Reports over 6,600 Daily Covid-19 Cases

News
November 18, 2022, 09.57 PM

6.9-Magnitude Quake Strikes Off Western Indonesia

Business
November 17, 2022, 05.34 PM

Indonesia, China Renew Economic and Trade Expansion Pact

Close Ads