TEMPO.CO, Jakarta - Trade volume between Indonesia with Malaysia in the first quarter of 2015 (the period of January – March 2015) is recorded to post a surplus worth 1.06 billion ringgit Malaysia or Rp3.8 trillion.
The data was taken from the Malaysian Statistic Department and was announced through a press release from the trade attaché of the Indonesian Embassy in Kuala Lumpur on Friday.
The surplus was triggered by surplus in non oil trade worth 1.63 billion ringgit, while trade in oil trade posted a deficit of 575.51 billion ringgit.
Trade volume between Indonesia and Malaysia in the first quarter of 2015 was recorded to reach 13.98 billion ringgit, consisting of trade in oil and gas sector (2.91 billion ringgit) and from non-oil sector (11.07 billion ringgit).
Trade volume consist export to Malaysia worth 7.52 billion ringgit and imports from Malaysia was worth 6.46 billion ringgit.
Indonesia is the 7th biggest trading partner for Malaysia, after China, Singapore, Japan, the US, Thailand and South Korea.
Indonesia’s export in the first quarter of 2015 rose by 21.88 percent, caused by the strengthening of several Indonesia’s major export products, both oil and gas products and non-oil products as opposed to that of the previous years.
Indonesia’s exports was worth 7.52 billion, consisting of 1.17 billion ringgit or increased by 29.74 percent and non-oil products worth 6.35 billion ringgit, or an increase by 20.54 percent.
Indonesia is the 7th import destinations for Malaysia (4.64 percent) after China, Singapore, Japan, the US, Thailand, and Taiwan.