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

RI's Trade Balance Posts USD63.5 Million Deficit in July 2019

English global economy (en) indonesian economy (en)
Ilham wibowo • 15 Agustus 2019 13:54
Jakarta: Indonesia recorded a trade deficit of USD0.06 billion in July 2019 after it posted a trade surplus of USD0.3 billion a month earlier.
 
Last month, the country's oil and gas sector recorded a trade deficit of USD142.4 million. In the meantime, the country's non-oil and gas sector only posted a trade surplus of USD78.9 million.
 
"Trade balance recorded a deficit of USD0.06 billion or USD63.5 million," Central Statistics Agency (BPS) chairman Suhariyanto told a press conference here on Thursday, August 15, 2019.

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"Therefore, from January 2019 until July 2019, our trade balance posted a deficit of USD1.9 billion," the BPS leader added.
 
According to BPS, Indonesia's export performance reached USD15.45 billion in July 2019. It increased by 31.02 percent compared to the previous month.
 
In the meantime, the country's non-oil and gas exports reached USD13.8 billion last month. The value rose by 25.33 percent compared to the previous month.
 
Cumulatively, Indonesia's total exports reached USD95.79 billion in January-July 2019. The value was down by 8.02 percent compared to the same period last year.
 
Furthermore, Indonesia's non-oil and gas exports stood at USD88.07 billion from January until July 2019. The value declined by 6.58 percent compared to the same period last year.
 

(WAH)
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