REPUBLIKA.CO.ID, JAKARTA --- The positive trend in Indonesia's trade balance is recorded again in March 2021. The export figure is rising amidst the increasing trend of import figures.
The Central Statistics Agency (BPS) noted that the goods trade balance in March 2021 recorded a surplus of US$ 1.57 billion. Import performance has increased, but it is followed by a higher increase in export value.
Head of BPS Suhariyanto said the export movement in March 2021 was very impressive. Likewise, the import performance, especially for imports of raw materials used by industries in producing goods.
"In the future, we hope that the performance like in March can be repeated in the following months," said Suhariyanto in a press conference in Jakarta, Thursday (15/4).
Indonesia recorded a trade surplus in January of US$ 1.96 billion and US$ 1.99 billion in February 2021.
The export value of goods was US$ 18.35 billion, an increase of 20.31 percent from the previous month. Compared to the position in March 2020, this year's exports have soared to 30.47 percent. The increase occurred for both oil and gas and non-oil and gas exports.
In the non-oil and gas sector, all recorded growth of up to double digits. The value of agricultural exports was recorded at US $ 390 million, an increase of 27.06 percent from the previous month.
Likewise, processing industry exports amounted to 14.84 billion, an increase of 22.27 percent and mining exports 2.22 billion US dollars, an increase of 13.68 percent from the position in February 2021.
From the import side, it was recorded at US $ 16.79 billion, up 26.55 percent from February 2021 and up 25.73 percent from the same month last year. Similar to the export performance, the increase in imports occurred for both oil and gas and non-oil and gas.
Suhariyanto explained that according to the use of goods, the import value of consumer goods was recorded at 1.41 billion US dollars, growing 15.51 percent from the previous month.
Imports of raw/auxiliary materials and capital goods reached US $ 12.97 billion and US$ 2.41 billion, respectively. The two categories of goods increased by 31.10 percent and 11.85 percent from February 2021.