Trade Surplus Maintained - Bank Sentral Republik Indonesia
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November 23, 2020
No. 22/86/DKom

Indonesia's trade balance maintained a USD3.61 billion surplus in October 2020, up from USD2.39 billion one month earlier. The overall trade balance for January-October 2020, therefore, amassed a USD17.07 billion surplus, improving significantly from the USD2.12 billion deficit recorded in the same period one year earlier. Bank Indonesia is confident the trade surplus will contribute to maintaining external sector resilience in Indonesia's economy. Moving forward, Bank Indonesia will continue to strengthen policy synergy with the Government and other relevant authorities in order to bolster external resilience, including the trade balance outlook. 

The trade surplus posted in October 2020 was influenced by a larger non-oil and gas trade surplus, which increased to USD4.06 billion from USD2.90 billion one month earlier on the back of stronger non-oil and gas export performance, driven by animal/vegetable fats and oils, mineral fuel and footwear. On the other hand, non-oil and gas imports declined in line with compressed domestic demand. The oil and gas trade deficit narrowed from USD504.6 million in September 2020 to USD450.1 million, impacted by a smaller decline of oil and gas exports than oil and gas imports.

Head of Communication Department
Onny Widjanarko
Executive Director 


Information on Bank Indonesia
Tel. 021-131, email: bicara@bi.go.id


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