Indonesia: Trade surplus rises in December
January 16, 2017
Indonesia’s trade surplus rose in December as export growth remained strong and imports decelerated. Exports soared 15.6% from the same month of the previous year, which followed a 21.4% expansion seen in November. Non-oil and gas exports, which account for the majority of Indonesian shipments, rose 18.1% in December, below November’s 28.8% increase. Meanwhile, oil and gas exports recorded a smaller shortfall than in November, falling 5.2% in December (November: -26.3% year-on-year). Import growth eased from November’s 10.0% to 5.8% in December.
The trade surplus rose from November’s USD 834 million to USD 992 million in December. The result contrasted December 2015’s USD 160 million deficit and overshot market expectations. For the full year 2016, the trade surplus was USD 8.8 billion, an improvement from 2015’s USD 7.7 billion.