Indonesia Records Highest Trade Surplus in 2021 Says Statistics Indonesia
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15 June 2021 17:41 WIB
TEMPO.CO, Jakarta - Statistics Indonesia (BPS) announced on Tuesday, June 15, 2021, that Indonesia recorded the highest trade balance surplus in May with a total value of USD 2.36 billion, which is the highest in 2021. The total export value was recorded at USD 16.60 billion while the import value was recorded at USD 14.23.
"Observing the trade balance pattern starting from January up to May 2021 means that Indonesia has logged the highest [trade surplus]," said BPS chief Suhariyanto in a virtual press conference in Jakarta on Tuesday, June 15, 2021. "This means we witnessed trade surpluses 13 consecutive months and this should be appreciated."
The commodities that help to drive the surplus were animal fats and vegetable oils, mineral fuel, and steel. With the promising export and import performance during this period the BPS chief called for people to remain vigilant against a number of risks, one of which is the ongoing Covid-19 pandemic.
"We are seeing a rising trend in the number of Covid-19 cases for the past week," he said. "The pandemic in India which is surging certainly has an effect."
Indonesia recorded trade surpluses with the United States (USD 1 billion), the Philippines (USD 539 million), and Malaysia (USD 444.2 million). Meanwhile, deficits came from trades with China (USD 512.5 million), Australia (USD 332.6 million), and South Korea (USD 185.5 million).
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