Illustration (Photo:Medcom.id)
Illustration (Photo:Medcom.id)

Indonesian Exports Reach USD15.27 Billion in February

Suci Sedya Utami • 15 March 2021 16:46
Jakarta: The Central Statistics Agency (BPS) announced on Monday that Indonesia's total export value reached USD15.27 billion in February 2021.
 
According to the agency, the value increased by 8.56 percent compared to the same period last year. However, it was down by 0.19 percent compared to the previous month.
 
Last month, Indonesia's non-oil and gas exports grew by 6.9 percent. Meanwhile, the country's oil and gas exports was up by 8.67 percent. 

"Since november, our exports always recorded positive growth," said BPS Chairman Suhariyanto in a virtual press conference here on Monday morning.
 
Indonesia’s official reserve assets stood at USD138.8 billion as of end-February 2021, increasing from USD138.0 billion as of end-January 2021. 
 
The position of official reserve assets was equivalent to finance 10.5 months of imports or 10.0 months of imports and servicing government’s external debt, well above the international adequacy standard of three months imports. 
 
The official reserve assets position was able to support the external sector resilience and maintain macroeconomic and financial system stability.
 
The increase of official reserve assets in February 2021 was primarily underpinned by the government’s foreign loan withdrawal and tax receipts. 
 
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(WAH)

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