Jakarta –
The Central Statistics Agency (BPS) recorded that export performance in March 2023 was greater than imports. That means, Indonesia’s trade balance is experiencing a surplus again.
Deputy for Methodology and Statistical Information at BPS Imam Machdi noted that the export value in March 2023 reached US$ 23.50 billion, down 11% compared to last year.
“Yoon-on-year, the export value in March fell 11.33% when compared to March 2022. If we look in more detail, exports in March 2023 fell 4.76% compared to March 2022. Non-oil and gas exports in March 2023 fell 11.70% compared to March 2022,” he added,” he said
Meanwhile, the value of imports in March 2023 reached US$ 20.59 billion. This figure increased by 29.33% monthly and decreased by 6.26% when compared to the same period last year.
“On a month-to-month basis, the import value for 2023 was US$ 20.59 billion, up 29.33% compared to February 2023. If we look in more detail, oil and gas imports in March 2023 were valued at US$ 3.02 billion, up 25.28% compared to February 2023. In February 2023, non-oil and gas imports were US$ 17.57 billion, up 30.05% compared to February 2023. In the last 3 years, import growth in March 2023 has always increased month to month.
When calculated, the amount of RI exports in March was still higher than imports. That means, Indonesia’s trade balance has returned to print a surplus. The trade surplus in March 2023 reached US$ 2.91 billion.
That means, Indonesia has experienced a surplus in the trade balance for almost 3 consecutive years.
Watch Video “BPS Records RI’s Exports in December 2022 Decline to US$ 23.83 Bn“
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