Indonesia's Non-Oil and Gas Imports from China Down by $709 Million in October

    Eko Nordiansyah - 16 November 2020 15:03 WIB
    Indonesia's Non-Oil and Gas Imports from China Down by $709 Million in October
    Illustration (Photo:Medcom.id)
    Jakarta: Indonesia's non-oil and gas imports from China reached $2.8 Billion in October 2010, decreasing by $709.1 million compared to the previous month.

    "It represents 28.83% of Indonesia's total import value. It is the largest share," said the Central Statistics Agency (BPS) chairman Suhariyanto in a video conference here on Monday.

    Based on data issued by BPS, Indonesia's total import value reached $10.78 billion last month. It was down by 6.79% compared to the previous month.

    Cumulatively, the country's total import value reached $114.47 billion in the January-October 2020 period. It was down by 19.07% compared to the same period last year.

    Meanwhile, Indonesia's trade balance maintained a USD3.61 billion surplus in October 2020 after amassing USD2.39 billion one month earlier.

    The trade surplus recorded in September 2020 was primarily influenced by a non-oil and gas trade surplus, which stood at USD4.06 billion in the reporting period, up from USD2.89 billion one month earlier. 

    The increase stemmed from a surge of non-oil and gas exports, particularly iron and steel, animal/vegetable fats and oil, minerals, as well as motor vehicles and components. 


    (WAH)

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