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Bank Indonesia: February trade balance surplus

Kamis, 14 Maret 2019 / 17:11 WIB

Bank Indonesia: February trade balance surplus
ILUSTRASI. Aktivitas bongkar muat petikemas di pelabuhan Tanjung Priok

KONTAN.CO.ID - JAKARTA. Bank Indonesia (BI), Indonesia's central bank, projects the February 2019 trade balance to be a surplus. After the BI Governor Perry Warjiyo conveyed this last week, now BI Deputy Governor Dody Budi Waluyo confirmed the prediction.

"The surplus comes from the non-oil and gas balance sheet," Dody explained when contacted by Kontan.co.id, Thursday (3/14).

It is estimated that in February 2019 the non-oil and gas trade balance surplus will outweigh the oil and gas trade balance deficit. The performance of the non-oil and gas trade balance improved from the previous month's deficit of US $ 704.7 million.

Despite the surplus, the value of non-oil exports and imports declined. However, the rate of decline in non-oil and gas imports was sharper than the decline in non-oil and gas exports.

The previous month, January, the trade balance posted a deficit of US $ 1.16 billion, the worst number since January 2014. The worrying condition was caused by the oil and gas and non-oil and gas balance deficit. The oil and gas balance in January experienced a deficit of US $ 454.8 million.

The value of imports in January actually fell 1.83% on an annual basis. Unfortunately, however, exports in January 2019 fell deeper, to 4.70% on an annual basis.


Reporter: Benedicta Prima
Editor: Hasbi Maulana
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