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Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

Indonesia's Exports Up 2.2% in February 2020

English indonesian economy (en)
Husen Miftahudin • 16 Maret 2020 13:41
Jakarta: The Central Statistics Agency (BPS) today announced that Indonesia's export value was recorded at USD13.94 billion in February 2020.
 
Acording to the agency, compared to the previous month, the export value was increased by 2.24 percent. On the other hand, compared to the same period last year, the export value was increased by 11 percent.
 
"Compared to January 2020, oil and gas exports experienced a decrease of 0.02 percent, while non-oil and gas exports experienced an increase of 2.38 percent," the agency's distribution and services statistics deputy Yunita Rusanti during a video conference here on Monday, March 16, 2020.

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"Compared to the same period last year, oil and gas exports experienced a decrease of 26.51 percent, while non-oil and gas exports experienced an increase of 14.64 percent," the official stated.
 
Bank Indonesia (BI) earlier reported that Indonesia's official reserve assets stood at USD130.4 billion as of end-February 2020 or lower than USD131.7 billion as of end-January 2020.
 
According to the central bank, the position of official reserve assets was equivalent to finance 7.7 months of imports or 7.4 months of imports and servicing government’s external debt, well above the international adequacy standard of three months imports.
 
Moreover, the central bank considers that the official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.
 

(WAH)

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