Indonesia: Exports accelerate in January
February 28, 2011
In January, exports grew 39.2% over the same month last year to reach USD 14.7 billion, which nearly doubled the 21.9% expansion registered in December. Exports stepped up the pace due to a more favourable comparison base (December 2009: 13.5 billion; January 2010: USD 10.5 billion). The acceleration reflected faster growth in both non-oil and non-gas as well as in oil and gas exports. Non-oil and non-gas surged 40.8% in January (December: +24.5% year-on-year), while oil and gas exports increased 33.2% over the same month the previous year (December: +10.2% yoy). On the other hand, imports decelerated, falling from a 54.6% year-on-year increase in December to a 37.3% expansion in January. The trade surplus shrank from USD 2.8 billion in December to USD 2.1 billion in January.