Indonesia sees foreign trade surplus of US$0.13 billion in November

Jakarta – Indonesia recorded a foreign trade surplus of US$0.13 billion in November 2017, according to the Central Statistics Agency (BPS).

“The surplus in November is far below that of October and September, when it was recorded at $1 billion and $1.78 billion respectively,” BPS Chief Suhariyanto said in a press conference here on Friday.

The November surplus of $1.09 billion mostly came from non-oil/non-gas exports.

Overall, Indonesias trade balance in the January-November 2017 period showed an upward trend, and only in July did the country see a trade deficit of $0.27 billion, Suhariyanto noted.

Cumulatively, Indonesia recorded a trade surplus of $12.02 billion for the year ending November 30, 2017, he said.

The countrys trade balance for the year, up to November 30, is far better than that of the same period in the previous four years, he added.

Indonesia suffered a deficit in its trade with China and Thailand, while it enjoyed a surplus in its trade with India, the United States, and the Netherlands.

Earlier, the trade ministry said it would always try to improve the competency of the countrys labor force, especially in the export and import sector, by organizing a pre-convention of a draft for a national work competency standard.

Source: Antara News