April Trade Surplus Declines

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  • Surplus Neraca Perdagangan

    Surplus Neraca Perdagangan

    TEMPO.CO, Jakarta - Indonesia's trade balance has booked a US$454.4 million surplus on April 2015. However, compared to the US$1.02 billion recorded last year, the number is considerably small.

    Trade Minister Rachmat Gobel said that the surplus came from non-oil and gas sector. "The global [oil and gas] market is currently sluggish, we're still trying to maintain the trade balance to remain surplus," said Rachmat on Monday, May 18, 2015.

    Rachmat added that the surplus decline was influenced by economic slowdown of several countries, such as Malaysia, which currently attempting to cut down its state budget expenditures in relation to low income estimation from the country's oil and gas sector.

    Thailand is also experiencing an economic slowdown as the country attempted to increase business and investment opportunities, especially on its Special Economic Zone.

    Rachmat said that even though the April 2015 surplus was decreasing, the general trade balance is still much better compared to the same period last year.