Indonesia reports deficit in international trade

Jakarta (ANTARA News) – Indonesia suffered a deficit of US$270 million in its international trade in July, the Central Bureau of Statistic (BPS) said here on Tuesday.

BPS head Suhariyanto attributed the deficit to a US$600 million deficit in the oil and gas trade.

Suhariyanto said a surplus of US$330 million in the trade of non-oil/gas commodities was not enough to offset the large deficit in the oil and gas trade.

The country recorded US$13.61 billion in exports as against imports of US$13.88 billion in July.

Cumulatively, the country recorded a surplus of US$7.39 billion in the first seven months of the year with exports valued at US$93.59 billion as against imports of US$86.20 billion.

Year-on-year, the surplus rose from US$4.76 billion in the first seven months of 2016.

Surplus has always been contributed by non-oil/gas sector, Suhariyanto said.

Source: Antara News