TEMPO.CO, Jakarta - Bank Indonesia (BI) has predicted that Indonesia will post foreign trade surplus in August. “A surplus of roughly US$150 million,” Bank Indonesia Deputy Governor Perry Warjoyo said Tuesday at the House’s building, Jakarta.
Perry said that the surplus is caused by increased exports of consumer goods and manufactured goods, such as machinery and chemical products.
Consumption of raw materials has also increased, indicating improved domestic production.
Indonesia trade surplus for August is expected to be lower than that of July which stood a US$598.3 million. Nevertheless, Perry said Indonesia has seen improvement in exports, particularly manufactured goods export.
BI’s export-import data shows that non oil and gas import has increased. Perry said increased import, especially raw materials, has shown that domestic production has improved. “Businesses has upped their production, forcing them to import [raw materials] to meet domestic demand.”
VINDRY FLORENTIN | GHOIDA RAHMAH