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​Communication Department

9/15/2021 12:00 AM
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Highest Trade Surplus Recorded in August 2021

Government Press Release

No. 23/236/DKom

Based on data released by BPS-Statistics Indonesia, Indonesia recorded its highest trade surplus since December 2006 at USD4.74 billion in August 2021. Thus maintaining a positive trade balance since May 2020.  Overall, Indonesia's trade balance for the period from January-August 2021 recorded a USD19.17 billion surplus, far exceeding the USD10.96 billion surplus in the same period of 2020.  Bank Indonesia is confident the ongoing trade surplus is contributing to solid external economic resilience in Indonesia.  Moving forward, Bank Indonesia will continue to strengthen policy synergy with the Government and other relevant authorities to bolster economic recovery momentum.

A larger non-oil and gas trade surplus contributed to the positive trade balance recorded in August 2021, which expanded to USD5.73 billion from USD3.39 billion in July 2021.  Meanwhile, non-oil and gas exports in August 2021 stood at USD20.36 billion, up from USD16.72 billion the month earlier.  Exports increased of natural resources, such as crude palm oil (CPO) and mineral fuel, and metal ore as well as manufacturing products, including iron and steel.  Based on destination country, non-oil and gas exports bound for China, United States and Japan gained momentum, fuelled by a recovery of global demand.  Non-oil and gas imports also accelerated across all components in response to current domestic economic improvements.  On the other hand, the oil and gas trade deficit grew slightly from USD0.79 billion in July 2021 to USD0.98 billion in August 2021, as oil and gas imports outpaced exports.

 

 

Jakarta, 15th September 2021

Head of Communication Department

Erwin Haryono

Executive Director

Lampiran
Kontak

​​​​​​Contact Center BICARA : (62 21) 131
E-mail : bicara@bi.go.id
Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time

Halaman ini terakhir diperbarui 9/20/2021 2:00 PM
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