No. 23/212/DKom
Based on data released by BPS-Statistics Indonesia,
Indonesia recorded a wider trade surplus in July 2021, totalling USD2.59
billion compared with USD1.32 billion one month earlier. Therefore, Indonesia has maintained a
positive trade balance since May 2020.
Overall, Indonesia's trade balance for the period from January-July 2021
recorded a USD14.42 billion surplus, well above the USD8.65 billion surplus
recorded in the same period of 2020.
Bank Indonesia is confident the ongoing trade surplus is helping to
preserve 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.
The trade surplus recorded in July 2021 was influenced by a
larger non-oil and gas trade surplus combined with a narrower oil and gas trade
deficit. In July 2021, the non-oil and
gas trade surplus increased to USD3.38 billion from USD2.39 billion in June
2021. Non-oil and gas exports in July
2021 remained solid at USD16.71 billion, despite decreasing slightly from
USD17.31 billion the month earlier.
Exports of natural resources, such as crude palm oil (CPO) and nickel,
recorded gains, while several manufacturing products, including electrical
machinery, apparatus and equipment as well as motor vehicles and components,
remained solid. Based on destination
country, non-oil and gas exports bound for China, the United States and Japan
maintained momentum in response to recovering global demand. On the other hand, non-oil and gas imports
remained sound across all components in line with ongoing domestic economic
improvements. Meanwhile, the oil and gas
trade deficit narrowed from USD1.07 billion in June 2021 to USD0.79 billion in
July 2021, influenced by a deeper decline of oil and gas imports than exports.
Jakarta, 18th
August 2021
Head
of Communication Department
Erwin
Haryono
Executive Director
Information about Bank
Indonesia
Tel. 021-131, Email: bicara@bi.go.id
