Indonesia: Trade surplus increases as imports slow in February
March 31, 2011
In February, exports grew 28.2% over the same month last year to reach USD 14.4 billion, which was down from the 39.2% expansion observed in January. The result reflected slower growth in both non-oil and non-gas as well as in oil and gas exports. Non-oil and non-gas growth remained high at 30.7% in February (January: +42.8% year-on-year), while oil and gas exports added 18.0% over the same month the previous year (January: +22.2% yoy). Similarly, imports decelerated, falling from a 37.4% year-on-year increase in January to a 25.9% expansion in February to reach USD 11.2 billion. As a result, the trade surplus widened from USD 2.1 billion in January to USD 3.2 billion in February.