Indonesia: Trade surplus rises in September
October 16, 2017
According to Statistics Indonesia (BPS), a trade surplus of USD 1.8 billion was recorded in September (September 2016: USD 1.3 billion), handily beating the USD 1.2 billion surplus that market analysts had expected.
Exports grew 15.6% annually in September, slowing from the 19.4% expansion recorded in August. However, imports accelerated, growing 13.1% annually, after a more modest expansion of 9.1% in August.
Breaking down the export reading, oil and gas exports soared 35.6% annually in September, thanks to higher commodities prices (August: +12.1% year-on-year). Non-oil and gas exports—which constitute the lion’s share of overseas shipments—rose 13.8% (August: +20.1% yoy).
The 12-month moving sum of the trade balance edged up from August’s USD 13.5 billion surplus to a USD 14.0 billion surplus in September.