Statistics Indonesia Records US$1.96 Bln Trade Surplus in January

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  • Stacks of containers are seen at the New Priok Container Terminal One Tanjung Priok port, Jakarta, Tuesday, December 8, 2020. Export activities of Indonesian products are hampered due to the difficulty of obtaining empty containers and ship space and soaring shipping prices. TEMPO / Tony Hartawan

    Stacks of containers are seen at the New Priok Container Terminal One Tanjung Priok port, Jakarta, Tuesday, December 8, 2020. Export activities of Indonesian products are hampered due to the difficulty of obtaining empty containers and ship space and soaring shipping prices. TEMPO / Tony Hartawan

    TEMPO.CO, Jakarta - Statistics Indonesia (BPS) on Monday reported that Indonesia’s January 2021 trade balance saw a surplus up to US$1.96 billion which was boosted by larger figures of exports compared to January 2020. 

    “This position is better than January 2020’s trade balance that saw a deficit of US$640 million or in January 2019 with a deficit US$980 million,” said BPS Head Suhariyanto in a virtual press conference on January 15.

    He explains that this is mainly due to the 12.24 percent export increase valued at US$15.30 billion compared to the previous year with US$13.43 import value. Suhariyanto hopes that the following months will follow this month’s achievement.

    However, January’s export value is a 7.48 percent drop compared to December 2020 which recorded US$16.54 billion and is also a 7.59 percent drop compared to December 2020. “Import activities were lower than January 2020 and 2019,” said the Statistics Indonesia Head. 

    Also Read: Statistics Indonesia Reports Export Growth in October

    HENDARTYO HANGGI