Indonesia Posts $161.3 Million Trade Surplus in October 2019

    Suci Sedya Utami - 15 November 2019 11:45 WIB
    Indonesia Posts $161.3 Million Trade Surplus in October 2019
    Illustration (Photo:Medcom.id/M Rizal)
    Jakarta: Indonesia recorded a trade surplus of USD161.3 million in October 2019. Cumulatively, the country recorded a trade deficit of USD1.79 billion in January-October 2019.

    According to the Central Statistics Agency (BPS), in October 2018, Indonesia recorded a trade surplus of USD346.2 million. However, from January until October 2018, the country recorded a trade deficit of USD5.57 billion.

    "Last month's surplus was mainly caused by declining imports," BPS chairman Suhariyanto told a press conference here on Friday, November 15, 2019.

    "We hope that our exports can also increase," he added.

    Last month. Indonesia's imports reached USD14.77 billion. It decreased by 16.39 percent compared to the same period last year.

    In the meantime, Indonesia's exports reached USD14.93 billion. It decreased by 6.13 percent compared to the same period last year.



    (WAH)

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