JAKARTA, KOMPAS.com – Central Bureau of Statistics ( BPS) report balance of trade Indonesia in June 2020 recorded a surplus of 1.27 billion US dollars.
Head of BPS Suhariyanto explained, the realization of the trade balance was quite encouraging, due to the realization export which is higher than imports.
In June 2020 the realization of exports amounted to 12.03 billion US dollars, an increase of 15.09 percent if compared with May 2020. While imports showed a higher growth of 27.56 percent to 10.76 billion US dollars.
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“In June the trade balance surplus of 1.27 billion US dollars with a record of encouraging export growth,” he said when giving a press statement on Wednesday (07/15/2020).
Suhariyanto explained, the performance of June export growth was quite brilliant because almost all sectors experienced growth.
He gave an example, the realization of agricultural exports increased by 18.99 percent, the industrial industry increased by 15.96 percent, and mining rose 13.69 percent when compared to the position in May 2020 then.
More specifically explained, export performance is supported by oil exports and gas (oil and gas) reached US $ 580 million billion, up 3.8 percent from the previous month. While non-oil and gas exports amounted to 11.45 billion US dollars, an increase of 15.73 percent.
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The increase in the value of oil and gas exports occurred because the price of Indonesian crude oil (ICP) rose 42.9 percent to 36.6 per US dollar barrels in June 2020. Likewise the prices of several non-oil and gas export commodities.
“There are some commodities that have increased prices such as palm oil, rubber, kernels, but coal is down slightly,” he said.
From the import side, growth was sustained by non oil and gas imports which reached 10 billion US dollars or grew 29.64 percent.
Meanwhile, the realization of oil and gas imports amounted to 680 million US dollars or grew 2.98 percent.
The increase in non-oil and gas imports came from consumer goods reaching 51.1 percent to 1.41 billion US dollars.
Suhariyanto explained, commodities with quite high imports were garlic from China, frozen meat from Australia, medicines from England, and pears from China.
Then, import of raw / auxiliary goods 24.01 percent to 7.58 billion US dollars. The increase occurred in gold commodities from Singapore, raw sugar from Thailand, and iron ore from Australia.
Then, imports of capital goods increased 27.35 percent to 1.77 billion US dollars. Increased imports of laptops from China and machines from Germany.
Structurally, imports are dominated by raw / auxiliary goods reaching 70.39 percent of total imports.
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